Crude oil pipeline news

The construction contractor for the East African Crude Oil Pipeline (EACOP) has received a delivery of 9 trucks from the coating plant in Tanzania of insulated line pipe.

Reuters has reported that oil and gas firms Diamondback Energy and Kinetik Holdings said they acquired a 30% equity interest in the EPIC Crude pipeline system.

Oil exports through the Iraq–Türkiye pipeline, which runs from Kirkuk to Ceyhan, have been halted since March, 2023 over ongoing legal disputes between the nations.

Oil prices are rising on supply outages amid the possibility of a US Federal Reserve rate cut.

Despite its vast reserves, a South Sudan civil war and later regional conflict have severely impacted crude oil production in recent years.

Bahrain has sold a minority stake in a key oil pipeline that transports crude from Saudi Arabia to BlackRock Inc. as the Gulf’s smallest economy looks to monetise energy assets.

Ukraine will continue to meet its obligations to transit Russian oil to Europe after earlier suggesting it could halt supplies via the Druzhba pipeline next year, says Reuters.

Shell has said it plans to shut-in different portions of its Louisiana Zydeco pipeline system for maintenance for three to four days starting 24 September, says Reuters.

Based on projects currently underway, EIA expect that new pipeline capacity will deliver crude oil and natural gas from the Permian region to demand centres and alleviate transportation constraints.

Oil deliveries via pipelines and tankers hit 7.46 million t last month, according to figures released on Tuesday 20 August, 2024, by the GACC.