News / International
RAK Petroleum ready to invest $400 million in the Arab region
UAE-based energy firm RAK Petroleum said it has $400 million ready for acquisitions and is hunting for oil and gas assets in the Arab region and neighboring countries. Libya to open up gas fields to foreigners
Libya is to invite international tenders for exploration of its onshore and offshore natural gas reserves in the next few days, said the North African country's oil supremo. Iraqi Oil Law Faces Opposition From All Sides; Likely Delayed
Sunni Arab and Kurdish politicians and a powerful Shiite party said Wednesday they hadn't agreed to a draft bill to regulate Iraq's oil industry, raising the possibility of new delays in a major piece of benchmark legislation sought for months by the U.S. RWE Dea Announces First Production From UK Southern North Sea Cavendish Field
Germany's RWE Dea has flowed first commercial gas from the Cavendish field, in Block 43/19a, in the UK's Southern gas basin. PetroChina signs exploration contract with Sudan
China National Petroleum Corp, parent of PetroChina Co Ltd (HK0857), has signed a production sharing contract (PSC) with the Sudanese government for exploration areas in northern Sudan, CNPC internal publication China Petroleum Daily reported. Iraqi cabinet endorses amended oil law
Iraqi cabinet endorses amended oil law Iraq's cabinet on Tuesday approved an amended draft oil law -- a key plank to help unite the country's warring communities -- and was set to forward the bill to the parliament, a government spokesman said. Iran to Build Indonesian Oil Refinery
The Iranian government is planning to build a multimillion-dollar oil refinery in Bojonegara, Serang, Banten, announced Iran's Ambassador to Indonesia Behrooz Kamalvandi, reported Jakarta Post. Petrobras to pick 30% in ONGC’s KG basin block
Brazilian oil company Petro Brasileiro (Petrobras) has agreed to pick up a 30% stake in one of ONGC’s discovered gas blocks in the Krishna Godavari basin. The company, which is among the largest deepwater oil producers in the world, will now jointly operate the block, KG-DWN-98/2, with ONGC. 
