News / International
Russian oil flows to Belarus despite talks failure
Russian oil continues to flow to Belarus and via Belarus to the European Union despite a failure by Moscow and Minsk to seal a new oil supply deal at talks on Saturday. Iraq finalizes oil deals this month
Iraq's Oil Ministry will settle deals later this month with foreign energy firms for its Majnoon, Gharaf, Qayara and Najmah oilfields, said a top official. Pipeline attack cuts Chevron Nigeria oil output
U.S. Oil Major Chevron said it was forced to shut down 20 thousand barrels per day (bpd) of crude oil production in Nigeria after confirming a breach to one of its pipelines. Oil reaches its highest in 15 months
Oil prices rose 1 percent on Monday, hitting a fresh 15 month high above $83 a barrel, and a supported data showing China's crude oil imports increased by nearly 25 percent in December as the U.S. dollar weakened. Statoil launch new biofuel in Norway
Statoil is the first company in Norway to offer 5 per cent bioethanol to general consumers. From January 2010 onwards 40 per cent of Statoil's stations will be selling the new biofuel "Bensin 95". ADNOC lowers selling price of oil exports after Nov high
Abu Dhabi National Oil Co, which exports most of its oil to Asia, lowered official December selling prices after they reached the highest level in 14 months in November. Iraq awaits oil firms to pass on deal changes
Global companies negotiating multi-billion dollar oilfield deals with Iraq have not yet responded to government requests for adjustments to the contracts, a government spokesman said, contradicting an earlier Oil Ministry statement. Sonangol signs initial pacts for two Iraqi oil fields
Sociedade Nacional de Combustiveis de Angola, better known as Sonangol, signed Wednesday in Baghdad two initial deals to develop Qaiyarah and Najmah oil fields in northern Iraq, officials said. 
