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Iraq, Iran in talks to invest in joint oilfieldsIraq is in talks with Iran to jointly invest in two oilfields shared by the two countries, a top Iraqi government official was quoted as saying in a media report. Without specifying the fields and when the agreement would be More… |
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Iran to hold international bids for two oilfieldsIran plans to hold several international tenders for its Yadavaran and North Azadegan oil fields, a senior oil official of the National Iranian Oil Company (NIOC) said. Deputy for Engineering and Development Affairs Gholam-Reza Ma More… |
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Pertamina eyes two Iran oilfields for possible investmentIndonesia's state-owned Pertamina signed a memorandum of understanding (MoU) to conduct preliminary studies on two Iranian oilfields, a step closer to the company's first investment in the Middle Eastern country's upstream sector. More… |
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Iranian officials revive ghost of oil deals disliked by majorsIran's officials are reviving the idea of developing oil fields using buy-back deals that international oil companies dislike, suggesting renewed tensions between hardliners and reformists over the future of the industry. &nbs More… |
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Mideast oilfield services market to top $13bnHigher exploration and production (E&P) expenditure, financial durability of the companies and customers are likely to drive oilfields services market in the Middle East to record revenues worth $13.4 billion by 2019, a report said. More… |
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Kuwait finds four new oilfields with huge volumesKuwait, which plans to boost oil output capacity by a third by 2020, has discovered four new oilfields in the north and west of the country, a top oil official was quoted as saying by state news agency KUNA on Sunday. Has More… |
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No wheat imports for Syria this year: ministerThe Syrian government does not expect to import wheat this year because domestic grain supplies will be boosted by heavy rainfall and wider control over farmland, a minister said. Hassan Safiyeh, the minister of internal trade and More… |
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Kurds retake oil facility in North Iraq, 15 workers still missingKurdish peshmerga forces retook a small crude oil station near the northern Iraqi city of Kirkuk which Islamic State insurgents seized earlier, but the fate of 15 employees remained unclear. Two officials from More… |
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Libya producing 363,000 bpd of oil: rival ministerOil output from Libya, where ports and oilfields have been shut due to fighting, has fallen to 363,000 barrels a day (bpd) with exports at about 200,000, the oil minister appointed by forces in control of the capital Tripoli told Reuters More… |
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Eni grabs two more oil and gas fields in EgyptItaly's Eni has reached its second agreement in less than a week to explore oil and gas fields in Egypt, as efforts by Cairo to pay foreign oil majors debt attracts investors. More… |
