News / International
Iraq missing up to $15 million of oil daily
Between $5-million and $15-million worth of oil a day is unaccounted for in Iraq and could have been siphoned off through corruption or smuggling, The New York Times reported. Russia, Turkmenistan and Kazakhstan clinch gas pipeline deal
Russia, Turkmenistan and Kazakhstan have agreed to build a new natural gas pipeline north from the Caspian Sea.
Sri Lanka Tiger attack costs Shell $700,000
The Sri Lankan unit of Royal Dutch Shell suffered damages of at least $700,000 in an air attack by Tamil Tiger rebels last month. Syria launches tenders for offshore oil, gas exploration
Syria's oil minister announced the launch of tenders for oil and gas exploration in four blocs off the country's coast, state news agency Sana reported. Saudi Arabia aims at boosting NG reserves
Saudi Oil Minister Ali Naimi stated his country intentions to step up exploration to boost its natural gas reserves by around 40% over the next 10 years in order to meet rising domestic demand. TAQA completes the acquisition of CMS Generation
The Abu Dhabi National Energy Company PJSC has recently announced the successful completion of its planned acquisition of CMS Generation, a subsidiary of the US integrated energy firm CMS Energy. OMV hits new oil discoveries in Libya
OMV Aktiengesellschaft, the leading oil and gas group in Central Europe, announced two oil discoveries yielding high quality oil in Block NC 200 in the Murzuq Basin, 1,000 km south of the Libyan capital Tripoli. Kuwait increases budget for refinery to $12 billion
Kuwait has doubled the budget for its new 615,000 barrels per day (bpd) Al Zour refinery to $12 billion amid escalating costs for oil and gas projects, its oil minister said. 
