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.