News / International
SOCAR: Azerbaijan’s Proven Hydrocarbon Reserves Estimated at 4.5B Tons
Azerbaijan's proven hydrocarbon reserves are estimated at 4.5 billion tons of equivalent fuel, head of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev said in Baku on Tuesday during a forum on the building of a new complex for oil and gas processing and petrochemical production in Azerbaijan. Sudan vows to retake Heglig oil fields from South Sudan
Sudan has vowed to use "all legitimate means" to repulse South Sudan from its largest oil field, a statement on the official Suna news agency says. Oil falls below $120, inventories weigh
Oil fell below $120 a barrel on Wednesday to the lowest in almost two months, pressured by rising U.S. inventories and concern about the strength of global demand. Japan’s Cosmo Oil buys Saudi crude from Okinawa storage
Japanese refiner Cosmo Oil has bought 200,000 kilolitres (1.26 million barrels) of Saudi Arabian crude from storage in Japan to fill its spot requirements, industry sources familiar with the matter said on Wednesday. Jordan to import more fuel oil due to pipeline disruption
Jordan Petroleum Refinery Co, the country's sole refinery, is importing more fuel oil and gasoil for power generation, as continued attacks on a pipeline running through Egypt, Israel and Jordan disrupt natural gas supply, industry sources said on Tuesday. No Need for OPEC to Increase Production
The president of the Organization of Petroleum Exporting Countries, OPEC, said Monday the organization is producing enough crude oil, and political situations are to blame for the current high oil prices. Kosmos Energy Announces New Exploration Licenses Offshore Mauritania
Kosmos Energy announced today that it has signed three Production Sharing Contracts (PSCs) with the Government of Mauritania for Blocks C8, C12, and C13 offshore Mauritania. Kuwait eyes 4 mln bpd oil production by 2020
Kuwait is looking to increase oil production to 4 million bpd by 2020 and maintain it through 2030. 
