Lukoil | Egypt Oil & Gas - Part 6
Iraq to Review Oil Foreign Contracts
Iraqi Oil Minister, Jabar Ali Al-Luaibi, stated that Baghdad wants to review contracts with oil companies to cut the fees that the firms receive when crude prices are low.
Russia’s Lukoil, Gazprom to Develop Iran’s Oil Fields
Russia oil firms Lukoil and Gazprom plan to invest in the development of three oil fields in Iran, with Gazprom finalizing their agreement with the National Iranian Gas Company.
Eni Plans to Sell 20% of Zohr Field
Italy's Eni plans to sell at least a 20% stake in Zohr field in Egypt to different oil companies including Russian Lukoil, US ExxonMobil, French Total, and UK's British Petroleum in order to raise around $5.5b from a ...
Iraq Reached $3.6b Foreign Oil Investment Deal
Iraq has reached an agreement with BP, Shell, and Lukoil to restart stalled investment in oil fields that the firms are developing, allowing projects that were halted this year to resume and crude production to incre ...
Spain to Import 1m Barrels of Iranian Crude
Spain’s largest oil company, Repsol, has signed a contract with the Iranian oil ministry to purchase and import 1m barrels of Iranian crude oil in July 2016, according to a report from the ministry.
Iraq Pays Debts, Lukoil Pledges Investments
Iraq has started to repay accumulated debts, the head of Russia's Lukoil said, pledging more investment to allow Iraq to maintain stellar output growth.
Iraq Faces Oil Projects Delay As Firms Resist Spending Cuts
International oil firms have warned Iraq that projects to increase its crude output will be delayed if the government insists on drastic spending cuts this year
Russian Rosneft Set to Lower Oil Output
Russian Rosneft is set to lower oil output, Natural Resources Minister, Sergei Donskoi said, ahead of a meeting of leading global oil producers in Doha on April 17th to discuss an output freeze to support weak oil pr ...
