Islamic State | Egypt Oil & Gas - Part 3
Libya Peace Deal Expected to Restore Oil Output
The UN-backed deal signed between Libya’s two rival factions in Morocco on December 17th is to create a unity government to help recover stability in the divided country, and counter the threat of Islamic State ...
France Warns IS Threatening Libya’s Oil Fields
French Ministry of Defense warned that IS forces were moving inland from their coastal strongholds into Libya’s oil wells areas aiming to overtake the oil fields, while ruling out a military intervention, RT reported....
Oil Companies Call for PSAs, Contract Incentives in Iraq
International oil companies could boost production in Iraq beyond current targets if production contracts were changed to give more incentives for investment, according to BP Plc and Royal Dutch Shell Plc, reported Bl... Islamic State Selling Oil “Through Turkey”
The Islamic State (IS) is selling most of its illegally acquired oil through Turkey and Kurdish areas, according to a former counterterrorism officer with the Central Intelligence Agency, reported Russia Today. In an ...
Islamic State Attacks Forces Guarding Oil Port in Libya
Militants from the so called Islamic State attacked forces guarding one of Libya’s main oil ports last Thursday with a gun assault and an attempted car bomb, in an escalation of their campaign in the North African sta...
Iraq Announces Formation of Special Army to Protect Oilfields from ISIS
Iraq is mobilising a 27,000 strong army of security personnel to protect its oil and energy facilities from attacks by Islamic State insurgents. Adel Abdel Mahdi, Iraq’s oil minister, gave details of the new for...
BP Scaling Back Iraq Operations as Government Payments Become Uncertain
BP has cut its development budget for Iraq’s giant Rumaila oilfield by $1 billion this year after the government warned a slump in crude prices and its battle against Islamic State was making it difficult to pay... 
