News / International
Libya’s AGOCO Producing up to 290,000 b/d
Eastern Libyan state oil firm AGOCO is producing 250,000 to 290,000 barrels per day (bpd), a company spokesman said on Sunday, unchanged from recent weeks.
Tanzania Raises Gas Resources to 55 Trillion Cubic Feet
Tanzania's current natural gas reserves are at about 55 trillion cubic feet (tcf) following new deep sea discoveries off its southern coast, the east African nation's energy minister said.
GPIC Wins Business Award After Years of Investing in Production and People
The Gulf Petrochemical Industries Company (GPIC) has been named the GCC's best-performing industrial organisation.
UAE Purchases Offshore, Onshore Rigs from Multiple Sources for $543 million
The United Arab Emirates' National Drilling Company has signed contracts worth $543 million to buy 14 new rigs,
Oil Minister Dispels Claims about Gasoline Price Rise
Iran's Oil Minister Bijan Namdar Zanganeh says rumors about further hike in gasoline price in coming months are not true and fuel price will remain at its current level.
Iraqi Forum Reappraising Oil Costs, Foreign Investor Terms
The 2009 bids only managed to hand over control to international oil companies
Saudi and Kuwait Entering the Global Solar Contest
To hear the oil ministers of Saudi Arabia and Kuwait talk about it this week, the race to develop massive solar power arrays in the world's sunniest nations is nearly as important as the current battle for oil market share.
Brazil Oil Regulator Eases Fines on Producers to Improve Development
Brazil’s oil regulator plans to ease future fines for producers who fail to meet strict local-content guidelines as the country seeks to accelerate development of offshore oil and gas resources.
