Gulf Of Oman News
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MV Royal Grace, a chemical tanker, was released by Somali pirates and is heading for Muscat, Oman, the European Union Naval Force said in a statement on its website today.
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Gulf Petrochem FZC, an oil-products trader based in the United Arab Emirates, plans to triple the size of a $135 million fuel storage facility it inaugurated today at the port of Fujairah, outside the Strait of Hormuz.
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Iran’s navy is building a new base near its Gulf of Oman border with Pakistan, state-run Fars news agency reported, citing Iranian Rear Admiral Habibollah Sayyari.
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Pirates threatened a ship at the north end of the Strait of Hormuz in the nearest-ever attack to the waterway, which handles 20 percent of the globally traded oil, according to the International Maritime Bureau.
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Total SA will hold talks in Abu Dhabi about renewing oil production rights in the United Arab Emirates and developing natural gas fields, the company’s chief executive officer said.
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Abu Dhabi started exporting its first crude from a pipeline that bypasses the Strait of Hormuz, shipping the fuel from the neighboring sheikhdom of Fujairah to a refinery in Pakistan.
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The 41-year-old refurbished transport vessel overseeing an international Middle East mine- hunting exercise can defend itself from Iranian speedboats with two new machine guns cued by long-range cameras bought under a special Pentagon program.
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Somali pirates’ attacks on shipping plunged last year to the lowest since at least 2007 as increased use of armed guards and naval intervention deterred incidents in an area handling about $1 trillion in trade.
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Mitsui O.S.K. Lines Ltd. , operator of the world’s second-largest oil-tanker fleet, said one of its ships may have been attacked near the Strait of Hormuz, deemed by the U.S. to be the most important chokepoint for oil supply.
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Iran’s military test-fired what it described as a “mid-range cruise missile” during war games in the Persian Gulf today.
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