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Egypt to search for oil in Iraq in first foreign ventureEgypt will search for oil outside its own borders for the first time after signing an agreement with Kuwait Energy for part of a concession in Iraq, its oil minister said on Wednesday. Kuwait Energy will give up 10 per cent of a c More… |
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Oil Search expects to resume drilling in Iraqi KurdistanOil Search expects to resume drilling work in the Taza field in Iraqi Kurdistan in three to four weeks when the situation stabilises, a senior company official said. "Right now, activity has been impacted More… |
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PNG to pay off $1.48bn Abu Dhabi bondPapua New Guinea has decided to raise A$1.68 billion ($1.48 billion) to pay off a bond it issued to Abu Dhabi in 2009 instead of giving up a strategic stake in oil and gas producer Oil Search, a source familiar with the decision told Reuters on More… |
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Abu Dhabi's IPIC signs $700m loanAbu Dhabi government-owned International Petroleum Investment Company has signed a $700 million, three-year loan to back its purchase of a 17.6 percent stake in Oil Search Ltd, banking sources close to the deal said. The bullet term loan i More… |
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Abu Dhabi takes $1bn stake in Oil SearchAbu Dhabi's International Petroleum Investment Company (IPIC) has purchased a 17.6 percent stake, worth A$1.68 billion ($1.07 billion) in Oil Search Ltd, the company said. IPIC and the Papua New Guinea government, through its nominee, More… |
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Three firms bid for Bahrain oil searchBahrain has received bids from only three firms to explore for oil in the kingdom's waters, the country's oil minister said on Thursday. At least 18 companies had earlier expressed interest. Bahrain has previously explored for oil More… |
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PNG to pay off $1.48bn Abu Dhabi bondPapua New Guinea has decided to raise A$1.68 billion ($1.48 billion) to pay off a bond it issued to Abu Dhabi in 2009 instead of giving up a strategic stake in oil and gas producer Oil Search, a source familiar with the decision told Reuters on More… |
