News / International

Iraq May Become Top Global Oil Producer In 6-7 Years

Iraqi Oil Minister, Hussian Al Shahristani said that he expects Iraq to be top global oil producer in six to seven years.

Shell cuts Nigeria oil output after pipeline sabotage

Royal Dutch Shell had to shut down three oil flow stations in Nigeria's Niger Delta region due to a pipeline attack, the company spokeswoman said

OPEC official: Iraq OPEC quota not needed for few years

OPEC Secretary General, Abdullah AL Badry announced that it will be four to five years before there is a need to include Iraqi oil output within OPEC’s oil production policy.

Tethys Oil: Farha South Oil Well Tests 1,010 bopd on Pump

A production test using a down hole Electrical Submersible Pump (ESP) has been completed in the Barik formation in the Farha South-3 well on Block 3 onshore Oman.

RasGas Increasing Gas Production

Qatar's RasGas expects its train 7 liquefied natural gas production facility to come alive in early February, a company executive said on Tuesday.

Kuwait To Boost Northern Production

Hosnia Hashim, an executive in charge of North Kuwait for state owned Kuwait Oil Company (KOC), told Al Seyassah newspaper that the northern fields currently produce around 650,000 barrel of oil and 500 million cubic feet of gas per day.

World’s Top Offshore Discoveries In 2009

2009 will be remembered for its significant offshore oil and gas discoveries worldwide. Of the 10 top discoveries for the year, two were made in the GOM, two were found off Australia, and one each off Brazil, China, Israel, the UK, Venezuela, and West Africa.

Tethys Oil: testing operations on East Saiwan-2 concluded

The testing operations of the heavy oil zones encountered in East Saiwan-2 on Block 4 onshore Oman have been concluded.

Iran praises OPEC

A senior Iranian oil official was quoted describing the commitment of OPEC (The Organization of the Petroleum Exporting Countries) to the crude output targets as "successful". Last year, the members reached a compliance of 66 percent.

Qatar oil minister: market “well supplied”

Abdullah bin Hamad Al Attiyah, Deputy Prime Minister and Minister of Energy and Industry of Qatar said that the markets have enough oil supply.

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