News / International
Sonatrach strikes Oued Mya gas pay
Algerian state-owned energy company Sonatrach has discovered gas in the Oued Mya basin in co-operation with China Petroleum Corporation. Suez and Gaz de France resolve impasse to merger
French utilities Suez and Gaz de France moved closer to clinching a 90 billion euro ($123 billion) merger after agreeing yesterday the financial terms for a deal that involves floating off shares in Suez's Environment business. Syria blames fuel price rise partly on refugee influx
Syria's oil minister said on Monday fuel prices would soon rise, and he blamed the increase in part on an influx of refugees into the country from neighboring Iraq. Kazakhstan demands damages from Eni
Kazakhstan wants hefty compensation for cost overruns and delays at the giant Kashagan oil field and favors replacing Italy's Eni with a local company as operator, its deputy finance minister was quoted as saying. ONGC and BP to Collaborate in E&P Business in India and Abroad
Oil and Natural Gas Corporation Ltd. (ONGC) has entered into an MoU with global oil major BP, to collaborate in Exploration & Production (E&P) business in India and abroad, which include sharing of knowledge in Coal Bed Methane (CBM) and Deepwater exploration. India lifts first strategic crude reserve size
India has raised the size of the first phase of a planned strategic crude reserve by 33 per cent, a government source close to the project said yesterday, but may not complete the entire storage by its earlier 2010 target. King Abdullah II plans to speed up nuclear power program
Jordan's King ordered to speed up in implementing the country's nascent nuclear power program in a bid to cut energy imports. Riyadh spends $5 billion on ‘oil army’
Saudi Arabia has started setting up a 35,000-strong security force to protect its oil infrastructure from potential terrorist attacks, according to reports. 
