Oil discovered close to Syrian-Turkish borders

• Tuesday, 16th January 2007
• by Egypt Oil & Gas

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

• Monday, 15th January 2007
• by Egypt Oil & Gas

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

• Monday, 8th January 2007
• by Egypt Oil & Gas

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

• Monday, 8th January 2007
• by Egypt Oil & Gas

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

• Monday, 8th January 2007
• by Egypt Oil & Gas

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

• Monday, 8th January 2007
• by Egypt Oil & Gas

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.

Zambia to invite tenders for oil and gas exploration

• Friday, 5th January 2007
• by Egypt Oil & Gas

Zambia announced its plan to open blocks to drilling with the intention to invite international energy company to conduct exploration projects in the country’s discovered oil and gas fields, said Zambian energy minister.