In his interview with Bloomberg, CEO of Italy’s energy giant Eni, Claudio Descalzi said that the company is keeping balance by lowering costs to the level of $20 per barrel. As the company is not able to control...
A series of measures introduced by Angola’s government in recent years has pushed production costs up as much as $500m annually and the country risks losing investment from foreign oil companies, Jean-Michel Lavergne,...
Iran’s media revealed that the country plans to sell bonds worth a total of about $1.7 b next year, reported Press TV. The bonds will be sold in rials and euros in domestic and foreign banks, beginning 21 March 2016-2...
The start-up of Kuwait’s Al Zour crude oil refinery is expected to be delayed after rising construction costs forced state refiner Kuwait National Petroleum Co (KNPC) to seek more money to finance the plant, a K...
Low production costs for Middle East companies offer regional players significant competitive advantage in the low price segment of an oil ‘super cycle’, a report said. The depressed oil prices predominant since late ...