Lukoil | Egypt Oil & Gas - Part 6
Russia to Develop Iranian Oil Field
The Russian vertically integrated oil and gas company, Tatneft, and the National Iranian Oil Company (NIOC) signed a preliminary agreement to cooperate on the development of the Dehloran oil field which is located 120...
Iraq to Review Oil Foreign Contracts
During a meeting with British Petroleum (BP), the 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 ...
Russia’s Lukoil, Gazprom to Develop Iran’s Oil Fields
Russia’s Ambassador to Tehran, Levan Dzhagaryan, stated that his country is considering to form a consortium to take up development projects in Iran’s oil and gas sectors with the participation of Russia’s bigge...
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 $...
Iraq Reached $3.6b Foreign Oil Investment Deal
Iraq has reached an agreement with British BP, Dutch Shell, and Russian Lukoil to restart stalled investment in oil fields the firms are developing, worth an estimated $3.6b, Reuters reported. Of the total amount, BP...
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, reported Iran Dail...
Iraq Pays Debts, Lukoil Pledges Investments
Iraq has positively surprised oil majors by starting quickly to repay accumulated debts, the head of Russia’s Lukoil said, pledging more investment to allow OPEC’s second-largest producer to maintain stell...
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, Reuters reported. Oil companies helping Iraq develop it...
