News / International
Algeria barrels in $27B in oil revenue during first 8 months
Citing national energy company Sonatrach's chief executive, state-run Kuwait News Agency (KUNA) reported Wednesday that Algeria earned $27 billion in oil revenues during the first eight months of 2009. Niko Resources acquires additional 10% interest in Qara Dagh PSC in Iraq
Niko Resources Ltd. has entered into an agreement with the Kurdistan Regional Government of Iraq to acquire an additional 10% net working interest in the Qara Dagh Production Sharing Contract (the "PSC"). As a result of the acquisition, Niko will hold an aggregate 37% net working interest in the PSC. Tatneft, NOC strike oil in Libya’s Ghadames Basin
Libya's NOC announced that Tatneft's Libyan Branch, the second party with NOC in an EPSA agreement, has drilled the A1-82/04 new field wildcat well to a total depth of 8,605 ft. The well encountered hydrocarbons and is located in the Ghadames Basin, approximately 354 km south of Tripoli. Dana Gas achieves AED 392 million Net Profit for Q2
Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, has announced its financial results for the quarter ending 30 June 2009, posting a net profit of AED 392 million for the second quarter, as compared to AED 34 million in the same period last year, and highlighting the strength of the Company’s operations and business development strategy in this challenging economic climate. Ras Laffan 3 fires up production from LNG Train 6 in Qatar
Ras Laffan Liquefied Natural Gas Company Limited (3) (Ras Laffan 3) announced the completion and start-up of Train 6 at Ras Laffan Industrial City, Qatar. The project is a joint venture of Qatar Petroleum (70 percent interest) and ExxonMobil Ras Laffan (III) Limited (30 percent interest) and represents an expansion of the existing LNG production facilities operated by RasGas Company Limited. Iran’s Minister of Oil says Iran will not lower Crude Price
Iran's Minister of Oil, Gholam-Hossein Nozari, said that Iran will not lower its crude price, the official IRNA news agency reported. OPEC Oil Prices continue to rebound
The average OPEC oil prices last week increased US $1.94 to US $67.66 per barrel, the Vienna-based cartel said. Gulf Keystone Completes Placing to Fund Exploration in Kurdistan Region
Gulf Keystone has completed a placing of 75,600,000 new common shares of $0.01 at a placing price of 9p per share raising gross proceeds of approximately £6.8 million ($11.30 million). These shares were placed by the Company and brokers Equest Partners Limited with existing and new shareholders. 
