News / International

Iraqi Cabinet approves draft oil law

The Iraqi Cabinet approved a long-awaited draft oil law on Monday, sending it to parliament for consideration, the prime minister said, calling the agreement "another founding stone in state-building."

Petrobras, Gazprom sign gas agreement

The state-run oil companies of Brazil and Russia signed a memorandum of understanding Saturday to identify possible areas of cooperation on natural gas projects.

Saudi Aramco Makes New Oil Find Near Ghawar

Saudi Aramco, the world's largest state-run oil company, discovered a new oilfield in the Persian Gulf kingdom, the official Saudi Press Agency reported today, citing the country's oil minister, Ali al-Naimi.

Luksar Discovered Hydrocarbons in Saudi Arabia

Followed the results of deep exploration drilling on Tukhman structure, Contract area Block A in Saudi Arabia LUKSAR discovered hydrocarbon accumulations.

Kuwait National’s refinery plan hits cost hurdle

Kuwait City: Kuwait National Petroleum Co (KNPC) said yesterday its plan to build a 615,000 barrels per day refinery by 2010 has hit a snag as international firms have proposed much higher prices than expected to carry out the work.

GAC seals deal for BG’s LNG services

GAC has been appointed as the provider of hub agency services for the liquid natural gas (LNG) fleet of BG LNG Services, a subsidiary of BG Group, reported the Gulf News.

Croatia acquires an oil and gas exploration license in Namibia

The Croatian national oil company has acquired a two-year agreement to search for oil in the Nama Basin, located in southern Namibia.

China halts delivery of Sudanese fuel mix

The delay was thought to stem from the customs department's uncertainty over whether the blended fuel, which sources said was listed as low-sulphur straight-run fuel oil mostly used for feedstocks by small "teapot" refineries, should be classified as fuel oil or crude.

Libya, Exxon Mobil sign offshore oil deal

Libyan National Oil Corporation signed an agreement with US oil giant Exxon Mobil to start exploration in the Sirte Basin, off the Libyan coast.

Abu Dhabi’s Adnec takes over Dutch BP gas unit

The Abu Dhabi National Energy Company (Adnec) has officially begun managing its newly acquired BP Netherlands gas exploration and production assets, the company said yesterday.

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