News / International
Opec chief sees no oil price relief
Petroleum prices will range between $80 and $110 per barrel for the rest of the year, Opec president Chakib Khelil said. Sonatrach earns $12b in two months on soaring oil prices
Algiers: Algerian energy conglomerate Sonatrach earned just over $12 billion in January and February, chief executive Mohammad Meziane told state radio on Saturday. Mediterranean Oil & Gas Records Gas Shows During Drilling in Tunisia
The Board of Mediterranean Oil & Gas plc reported the latest operational update on its exploration well Teboursouk 1 ("TEB1") in Tunisia (Range Operator; MOG 25%). Iraq oil deals total $2.5bn
The Iraqi government is expected to pay up to $2.5 billion to five top oil companies to increase the country's oil output by nearly a quarter. Aminex PLC: Gas Discovery in Tanzania
Aminex PLC (“Aminex”) announces a successful result from the drilling of Kiliwani North -1 (“KN-1”), offshore Tanzania in the Nyuni/East Songo-Songo licence area. Dubai crude crosses $100 for first time
Seoul: The spot price of Dubai crude oil, South Korea's benchmark, crossed $100 per barrel for the first time as the US dollar continued to weaken, Korea National Oil said on Saturday. Power cut closes down Iraq’s biggest oil refinery
Baiji: A power cut shut down operations at Iraq's largest oil refinery on Sunday, officials at the plant said, adding it was unclear when work would resume. Taqa eyes UK’s North Sea fields
The Abu Dhabi National Energy Company Taqa is in talks to buy stakes in several of the United Kingdom's North Sea oil and gas fields from Royal Dutch Shell and ExxonMobil Corporation, through its wholly owned subsidiary Taqa Bratani, Taqa said yesterday in a statement. 
