News

Iraq increased its July official selling price (OSP) for Basra Light crude to Asia as expected, but a steeper than expected hike for Basra Heavy could weigh on the new grade

Nearly a year after oil markets entered a deep downward spiral, unmoored from the $100-a-barrel mark that had anchored them for years, some Opec members are publicly talking for the first time about a new “fair” price for their crude. Oil ministers from Iraq, Venezuela and Angola said in Vienna that a price of $75 […]

Saudi Aramco has raised its July price for its Arab Light grade for Asian customers by 60 cents a barrel versus June to set it at parity to the Oman/Dubai average.

Eight western European companies are keen to invest in Iran’s $2.8 billion Siraf oil refinery project, an Iranian official said on Monday, as the country ramps up capacity to reduce is dependence on imports.

According to the Energy Ministry data, Russia’s offline oil refining capacity has been revised up by 16 per cent to 2.6 million tonnes in April due to unplanned maintenance.

Now the Tan Book published a news that the 2015 oil and gas drilling activity in some area will continue to reduce.

Energy Minister Dr Abdulhussain Mirza, who was the keynote speaker, reviewed the history of the oil industry in Bahrain since the discovery of crude in the kingdom in 1932, before any other GCC country, said a report in the Gulf Daily News (GDN), our sister publication. He highlighted the key role that British oil companies […]

Brent oil is now around $62 a barrel, up from a low of $45 in January though still far from the $100 mark which Saudi officials said they favoured early last year. Saudi Arabia raised its crude production in April to a record high of 10.308 million barrels per day.

SINO MUD had passed the third party inspection both for BV and Intertek, here are the pictures for your reference.

SINO MUD export solid LCM-SEAL  to Panama   Our company export one container SEAL to Panama. SEAL is a special LCM, which is acid soluble mineral fiber. Due to its solubility in weak acids,it is easily removed from production zones.and it can be used as an additive for loss of circulation in concentrations up to 90 kg/m3.