News / International
Basra bomb hits oil pipeline
A bomb has struck an oil pipeline in the city of Basra in southern Iraq as security forces have been clashing with Shiite militia fighters in the region. StatoilHydro Makes Fourth Discovery in Hassi Mouina
Operator StatoilHydro and partner Sonatrach have completed the drilling and testing of exploration well number four in the Hassi Mouina license, in the Sahara desert in Algeria. Sonatrach, Statoil Make New Gas Discovery in Algeria
Algerian oil company Sonatrach said it has discovered, along with StatoilHydro, a new gas field in the south western Hassi Mouina region. Iraq Oil Ministry Invites Bids to Develop Akkaz Gas Field
Iraq's Oil Ministry has invited international companies to bid for the development of the Akkaz natural gas field, which has estimated reserves of more than 2.15 trillion cubic feet, the ministry said on its Web site. Opec chief sees no oil price relief
Petroleum prices will range between $80 and $110 per barrel for the rest of the year, Opec president Chakib Khelil said. Sonatrach earns $12b in two months on soaring oil prices
Algiers: Algerian energy conglomerate Sonatrach earned just over $12 billion in January and February, chief executive Mohammad Meziane told state radio on Saturday. Mediterranean Oil & Gas Records Gas Shows During Drilling in Tunisia
The Board of Mediterranean Oil & Gas plc reported the latest operational update on its exploration well Teboursouk 1 ("TEB1") in Tunisia (Range Operator; MOG 25%). Iraq oil deals total $2.5bn
The Iraqi government is expected to pay up to $2.5 billion to five top oil companies to increase the country's oil output by nearly a quarter. 
