News / Middle East

    • Iraq Mulls Exporting Oil via Turkey

      Iraq Mulls Exporting Oil via Turkey

      Wednesday, 21st February 2018

      Iraq’s government declared desire to hold talks with Turkey over the possibility of transporting oil once more from federal territory to reach a port located on the Mediterranean Sea.

    • SDX Completes Drilling KSS-2 Well in Morocco

      SDX Completes Drilling KSS-2 Well in Morocco

      Wednesday, 21st February 2018

      SDX Energy Company has completed drilling the KSS-2 well on the Sebou permit in Morocco at 1293 meters total depth. The company faced 8 net meters of high quality reservoir interspace in the Gaddari and Guebbas sequences. The interval has a 30% average porosity.

    • Chevron Drills in Iraq’s Kurdistan Region

      Chevron Drills in Iraq’s Kurdistan Region

      Tuesday, 20th February 2018

      Chevron Corporation, the US Oil Company, has restarted its drilling operations in the Kurdistan region of Iraq (KRI).

    • Libya’s NOC Announces Budget Delay to Decrease Oil Output

      Libya’s NOC Announces Budget Delay to Decrease Oil Output

      Tuesday, 20th February 2018

      NOC has been facing continuous delays in receiving budget money from the Libyan government, stated Mustafa Sanalla, NOC's Head.

    • Russia to Develop Oil Field in Iran

      Russia to Develop Oil Field in Iran

      Monday, 19th February 2018

      Russia's Zarubezhneft Oil Company signed a Memorandum of Understanding (MoU) with the Iranian Industrial Development and Renovation Organization (IDRO) for the development of the Susangerd Oil Field.

    • UAE Committed to Oil OPEC Cut Deal

      UAE Committed to Oil OPEC Cut Deal

      Monday, 19th February 2018

      UAE intends to continue following the efforts of Saudi Arabia, which are aimed to stabilize the oil markets, said Suhail Al Mazrouei, UAE's Minister of Energy and Industry.

    • Iraq, Iran to Start Swapping Oil in Days

      Iraq, Iran to Start Swapping Oil in Days

      Thursday, 1st February 2018

      Iraq will start to export 60,000 barrel per day (b/d) of Kirkuk fields' oil, using tanker trucks that will cross the Iranian border to deliver this oil to an Iranian refinery.

    • Kuwait Petroleum to Produce 4.75 b/d by 2040

      Kuwait Petroleum to Produce 4.75 b/d by 2040

      Thursday, 1st February 2018

      Kuwait Petroleum Corporation eyes boosting its crude oil output through spending an expected amount exceeding $500 billion by 2040.

    • OPEC Oil Output Hikes in January

      OPEC Oil Output Hikes in January

      Thursday, 1st February 2018

      The Organization of the Petroleum Exporting Countries (OPEC)'s oil production increased in January 2018, following an eight-month low, due to higher output from Saudi Arabia and Nigeria.

    • Gazprom Mulls Developing Gas Fields in Iran

      Gazprom Mulls Developing Gas Fields in Iran

      Wednesday, 31st January 2018

      Russia’s Gazprom is considering the development of four Iranian gas fields and is planning to present relevant offers by late March, said Bijan Zangened, Iranian Minister of Petroleum.