Russia to Work on Iranian Oil Fields
Russian oil firms may sign deals with Iran by March 21st which would enable them to work on Iranian oilfields.
News / International
Iraq to Establish National Oil Company
The Iraqi parliament voted on March 5th to create a national oil company that will handle the country’s energy sector.
Libya’s Sharara Oil Field Reopens
Libya’s largest oil field resumes pumping after reopening the pipeline running to Zawiya refinery
Iran’s Oil Reserves Could Increase by 10%
Studies conducted by foreign and domestic firms on Iranian oilfields have revealed that Iran has the ability to increase its proven oil reserves by 10%.
Jordan Studies Fuel Distribution Offers
Jordan’s Ministry of Energy and Mineral Resources started reviewing the requests submitted for obtaining licenses to distribute fuel derivatives
Total Acquires Stake in Libyan Waha Concession
French Total acquired a 16.33% stake in Libya's Waha concession from Marathon Petroleum in an acquisition transaction worth $450 million as part of its strategy to expand in the Middle East and North Africa region.
Total Eyes Iraq Oil Refinery
French oil company Total is considering bidding to build the green-field oil refinery in the Iraqi city of Nassiriya.
OVL Cancels Iran LNG Export Facility
ONGC Videsh Ltd has canceled plans to establish a liquefied natural gas export facility worth $5 billion in Iran.
Kuwaiti Oil Price Increases by 0.5%
Kuwait’s oil price has increased by 0.525% in the past few days.
ADNOC Awards Oil Field Stakes to Inpex
Abu Dhabi National Oil Company (ADNOC) has awarded Japan’s Inpex 10% stakes in its Lower Zakum oil field for $600 million, offshore UAE.
