News / International
Oil crosses $88 amid Iraq-Turkey fears
Crude oil for November delivery in the United States, the world's largest oil consumer, shot up yesterday to cross $88 a barrel on the New York Mercantile Exchange amid concerns that Turkey will launch a full-scale attack on Kurdish separatists in Iraq along the Turkey-Iraq border that could potentially hamper crude shipments in an already tight global market. China to start building second major gas pipeline
China will start building a second major natural gas pipeline around the end of the year or in early 2008 to transport the fuel from its remote northwestern regions to the booming coast, a senior government official said yesterday. Qatar to invest $1.5billion in Zimbabwe
A company run by a member of Qatar's ruling family is investing around $1.5 billion in Zimbabwe, to build an oil refinery and a hotel, and says it is not concerned about the country's political and economic crisis. Gulfsands Petroleum announces strategic agreement with Cham
The Directors of Gulfsands Petroleum, an oil and gas production, exploration and development company with activities in the U.S.A., Syria and Iraq Monday announce the establishment of an important strategic partnership with Cham Holding, which is well recognized as one of Syria's most important business groups. Topaz Wins US$ 210 Million BP Contract
Subsidiary BUE Caspian to provide British Petroleum with three offshore supply vessels to support oil major’s Caspian operations BUE Caspian, a wholly owned subsidiary of Dubai-based Topaz Energy and Marine Ltd has announced that it has been awarded prestigious contracts for the provision of three offshore support vessels by BP Azerbaijan (AIOC). Tracerco provides Halliburton with “unique” pipeline technology
Tracerco has been awarded a contract to provide unique pipeline technology to Halliburton's Pipeline and Process Services product service line (formerly PSL Energy Services) in a deal worth £250,000. The technique will be used during the laying of pipelines to a new installation off the coast of Egypt. Algeria will not seek partners for gas project
Algeria will carry out its major Gassi Touil gas project without seeking partners, after terminating an agreement with Spanish companies Repsol and Gas Natural, Energy and Mines Minster Chakib Khelil said in remarks published yesterday. Hunt oil deal with Kurdish government creating tension in Iraq
A US official today criticized an oil deal between Texas-based Hunt Oil Company and Iraq's Kurdistan Regional Government (KRG), saying it had "needlessly elevated tensions" in Iraq. 
