News / International
South Sudan shuts output
South Sudan has totally shut down oil output in a row with Sudan over export transit fees and will only restart after the two reach a deal covering border security and the disputed Abyei region. Gulfsands’ Syrian Appraisal Well Confirms 19.2 Million Barrels
Gulfsands Petroleum reported Tuesday that results from its Khurbet East 102 Triassic appraisal well fit with initial estimates that volumes from the Butmah Formation amount to 19.2 million barrels of oil equivalent. Iraq delays 4th energy round to May 30-31
Iraq has delayed its 4th energy bidding round to May 30-31, when 12 new gas and oil exploration blocks will be auctioned to international energy firms, a senior oil official said on Monday. Dana Gas achieves 220% increase in net profits in 2011
Dana Gas PJSC the Middle East's largest regional private sector natural gas company, has announced its preliminary financial results for the year ended 31st December 2011. Iran Parliament Drafts Law to Ban Oil Sales to Europe
Iran's parliament drafted legislation calling for the government to halt oil exports to Europe until the European Union cancels its planned ban on the country's crude, Fars news agency reported, citing a lawmaker. Tonen buys 99 percent of refinery stake from ExxonMobil
Japan's second largest refiner TonenGeneral Sekiyu KK (5012.T) said on Sunday it will buy 99 percent of the shares in ExxonMobil's (XOM.N) Japanese unit, ExxonMobil Yugen Kaisha, for 302 billion yen ($3.94 billion) to improve efficiency. S. Sudan oil shutdown continues after talks fail
The presidents of Sudan and South Sudan failed Friday to resolve an oil dispute that has led to the shutdown of the South's crude output and threatened both countries' economies. Sudan says to release ships seized from S.Sudan
Sudan said on Saturday it would free tankers carrying cargoes of South Sudanese crude it had seized earlier this month, in a push to defuse a row over transit fees between former civil war foes that both depend on oil for almost all their income. 
