News / International
Pakistan, Iran to Sign Gas Pipeline Agreement
Pakistan and Iran will sign an agreement on the proposed Iran-Pakistan-India (IPI) gas pipeline next week, a minister said here on Monday. Stratic Energy Sells Offshore Tunisia Interests for $1 Million
Stratic Energy has entered into a conditional sale agreement in respect of its Kerkouane permit offshore Tunisia (held 100% by Stratic). The consideration is US$1 million in cash, subject to working capital adjustments. Hinduja and Ongc to Invest U.S. $20 Billion in Iran
Hinduja Group is on the verge of concluding India's biggest energy deal for developing oil and gas fields in Iran and setting up a refinery and LNG terminal in India involving a total investment of U.S. $20 billion. Sinopec announces 2007 profits
China Petrochemical Corp. posted a net profit of $9.63 billion in 2007. Sinopec, the leading oil refiner, made a net profit of $6.97 billion in 2006, said Cai Xiyou, a senior company executive. Iraq to boost Kirkuk oil sales
Iraq plans to boost sales of Kirkuk oil by at least 100,000 barrels per day starting in January and is offering incentives to win back and retain customers, said an Iraqi official. PetroRabigh to raise $1.23b in IPO
Saudi Arabia's Rabigh Refining and Petrochemical Company (PetroRabigh) will raise 4.6 billion Saudi riyals ($1.23 billion) from the sale of a 25 per cent stake in an initial public offering next month, the offering's lead manager said yesterday. Salzgitter wins $200m gas pipe order from UAE
Dolphin Energy awarded Germany's Salzgitter Mannesmann International an order of more than $200 million to manufacture the pipes for its new Taweelah-Fujairah gas pipeline. ONGC will boost spending on field
Oil & Natural Gas Corp. (ONGC), India's biggest explorer, will boost spending to increase output at its biggest field and pay a mid-year dividend of Rs18 a share. 
