News / International

Gazprom Conducting Seismic Surveys in North Iraq

Gazprom Neft Middle East, the operator of Gazprom Neft’s projects in Iraqi Kurdistan, is to conduct a 2D seismic survey on the south-eastern section of the Halabja block.

Iran Oil Stores Ready to Flood Market, Experts Says

Lifting oil sanctions on Iran could hit global markets long before the nation starts pumping more crude.

Jordan Shifting to Nuclear Power with Russian Help

Jordan signed an agreement with Russia on Tuesday worth $10 billion that sets the legal basis for building the kingdom's first nuclear power plant with a total capacity of 2,000 megawatt.

Morocco’s Refiner Samir Releases Record Loss Due to Oil Price Fall

Morocco's only oil refiner Samir posted a record net loss of 3.42 billion Moroccan dirham ($349.7 million) in 2014, mainly due to inventory revaluation after oil prices fell.

US Shale Production Increases for February Even as Rig Count Falls

U.S. shale production continued to tick upwards in February despite months of price volatility and falling rig counts, a new report by Platts said.

Ukraine Only Dependent on 30% of Natural Gas from Russia, Finance Minister Says

Ukraine is currently buying only 30% of natural gas in Russia, Ukraine’s Finance Minister Natalia Yaresko said Friday.

East’s Bid to Control Libya Oil Wealth Is Not Looking Promising

Libya's official government, operating out of hotels in the east after being driven from the capital, is unlikely to succeed in plans announced last week to divert the country's oil export income away from Tripoli.

China to Bolster Iraq Relations, Help Rebuild Country

During Baghdad visit, Chinese Councilor says China willing to cooperate with Iraq in all areas.

Energy Conflict Brewing with Indonesia in South China Sea

Indonesian President Joko Widodo said one of China's main claims to the majority of the South China Sea had no legal basis in international law, but Jakarta wanted to remain an "honest broker" in one of Asia's most thorny territorial disputes.

Somali Pirates Attack Tanker, Defeated by Iran Warships

Iranian Navy warships rescued an oil tanker in the Gulf of Aden after a fierce battle with pirates.

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