News / International
OMV not to shelve any of its Middle East projects
Austrian oil and gas group OMV, which reported a 56 percent fall in underlying operating earnings in the fourth quarter earnings for 2008, said none of its projects in the Middle East will be shelved or dropped. Russia plans new Sakhalin LNG plant
Russia plans to build a second liquefied natural gas plant in its far east region in next few years, a regional governor said, just a week after the Sakhalin-2 project came on stream. South Korea agrees $3.55bn Iraq deal
South Korea will provide Iraq with $3.55 billion worth of infrastructure in return for oilfield stakes, the South Korean Energy Ministry said. Total CEO Denies ‘Sealed Deal’ with Iran for South Pars Devt
According to a report from Dow Jones Newswires, Total's Chief Executive Officer has denied that the French oil giant and Iran are signing a deal before the end of March for the next phase of development at the massive South Pars gas field. Vietnam’s first refinery begins production; set to cut oil imports by a third
Vietnam's very first oil refinery was official inaugurated on Sunday February 23, ending the country's complete and utter reliance on imported fuel - costing it hundreds of millions of dollars every year. Technip Awarded a Services Contract for a Grassroots Refinery in Iraq
Technip has been awarded by State Company Oil Project (SCOP) a lumpsum contract, worth more than €20 million, for the front-end engineering design (FEED) of a new refinery to be built in Karbala, Iraq. Italy’s Edison eyes Iraq gas, drilling in Iran
Italian utility Edison is interested in bidding for the two gas fields on offer in Iraq's first oil and gas bidding round, a senior company executive said on. Liquefied natural gas markets likely to be over supplied in 2009
Liquefied natural gas (LNG) markets may become over supplied in 2009 and 2010 as an additional 100 million tn/per annum production capacity comes on-stream in countries such as Qatar and Australia, a New York-based agency said in new report. 
