News / International

PetroChina becomes world’s largest listed company

PetroChina, China's largest oil and gas producer, replaced Exxon Mobil as the world's largest listed company by market value as its share price surged 163% to close at 43.96 yuan on its first day of trading on the Shanghai Stock Exchange.

Oman Refinery Company signs MoU with Japanese centre for research project

Oman Refinery Company (ORC) has signed a memorandum of understanding with Japan Cooperation Centre for Petroleum (JCCP) to jointly conduct a research project titled, "Process and Operational Improvement in Mina Al Fahal Refinery".

Iran-Turkey gas pipeline construction to cost $5b

TEHRAN - It will cost Iran $5 billion to construct the pipeline that carries its gas to Turkey and Europe, said the deputy petroleum minister for gas affairs here on Saturday.

OPEC International Oil Exhibition and Ministerial Symposium to Kickoff OPEC Summit Week

OPEC Member states to showcase best of their oil services as top officials meet for Symposium

Syria signs $2.6 billion oil refinery contract with three countries

Syria signed a US$2.6 billion contract with Iran, Venezuela and Malaysia Tuesday for the construction of an oil refinery in central Syria that will have a daily capacity of 140,000 barrels, the oil ministry said.

BJ PPS Inks Multi-Million Pipeline Deal in Kuwait

BJ Process and Pipeline Services has been awarded a multi-million dollar contract by Hyundai Heavy Industries Co. Ltd to provide pipeline pre-commissioning services in Kuwait. These services will be carried out on Kuwait Oil Company's Crude Export Facilities Project in the Fahaheel-Ahmadi region, approximately 30 kilometers from Kuwait City.

Second thoughts for BP in Qatar

BP is eyeing a return to Qatar's upstream gas sector after a 15-year hiatus, said the company's head of exploration and production in the Middle East and South Asia, Steve Peacock.

Abuja draws up oil windfall deal

Nigeria has agreed a new system for sharing surplus oil revenues among the various tiers of government, resolving a feud which threatened to undermine four years of prudent fiscal spending, according to local media reports.

Injaz Projects consortium wins 51% of shares in Turkey’s Petkim Petrokymia

Saudi company Injaz Projects and its consortium partners, Azerbaijan Oil & Gas Company (SOCAR), the Kazmunaigaz Company of Kazakhstan and Turcas Petroleum A.S. of Turkey, have been awarded the controlling stake in Petkim Petrokemiya after the Turkish government reversed its decision to sell the state owned petrochemicals manufacturing company to the highest bidder.

Verenex Reports Flow Test Results on 3rd Oil Discovery in Libya

Verenex Energy reports final flow test results on its third oil discovery well in Libya. C1-47/02 Flow Testing

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