News / International
LUKOIL signs development and production agreement at the Iraqi West Qurna-2 field
Vagit Alekperov, OAO LUKOIL President, signed a development and production agreement at the Iraqi West Qurna-2 field in Baghdad. New offshore oilfield found in Dubai
The office of Dubai's ruler announced the discovery of a new maritime oilfield in the emirate of Dubai.
Shell profits collapse on weak refining, gas
Royal Dutch Shell posted a 75 percent fall in fourth quarter profits to $1.18 billion, as it was punished for its strong positions in the ailing natural gas and refining businesses. BP CEO: World oil demand will peak sometime after 2020
BP Chief Executive, Tony Hayward said in an interview on BBC radio that world demand will rise to reach its peak after the year 2020, with a maximum of 110 million barrels per day (bpd). 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. 
