News / International
Oil discovered close to Syrian-Turkish borders
Oil has been discovered in 12 wells in Turkey’s Camurlu and Sinirtepe areas close to the southeastern border with Syria, announced Turkish national petroleum company officials. Syria to initiate new zones for oil and gas explorations
In an attempt to boost its energy output, Syria plans to initiate new areas for exploration of oil and gas resources in a bid, reported the state newspaper Tishrin. Iran, Malaysia sign gas development agreement
Iran and Malaysia signed a $16-billion memorandum of understanding (MoU) to develop two gas fields at Golshan and Ferdows located in the southeast of Iran as well as establishment of LNG production units, reported IRNA News Agency. Iran resumes its natural gas exports to Turkey
The Iranian government has resumed its gas supplies to Turkey after a five-day cut due to the cold weather that left it short of reserves at home, AFP reported. Iraq oil reserves to be available to foreign firms
Iraq plans to set a new law to give foreign companies the right to exploit Iraqi oil reserves, reported The Independent. General Electric to buy oil-services firm for $1.9 billion
General Electric Co. (GE) said it agreed to buy Vetco Gray, oil services company for $1.9 billion from private equity funds Candover Partners Ltd., 3i Group PLC & JP Morgan Partners LLC, according to Reuters. 
