The American super-major, whose 2011 contracts with Kurdistan spurred an investment bonanza, has relinquished the Qara Hanjeer, Arbat East, and Betwata blocks. Exxon cuts Kurdistan portfolio by half ExxonMobil CEO Continue Reading
OPEC’s historical deal to cut production has been sealed, and oil prices have jumped as a result, comfortably above the $50 per barrel mark. According to Lukoil’s vice president, Leonid Continue Reading
Iran’s Oil Minister Bijan Zanganeh arrives for a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, November 30, 2016. Iran’s oil minister Bijan Namdar Zanganeh Continue Reading
Iraqi Kurdish Minister for Natural Resources Ashti Hawrami speaks during a news conference in Arbil, about 350 km (217 miles) north of Baghdad February 7, 2013. Iraq’s semi-autonomous region of Continue Reading
With Washington keeping its hold on the sanctions noose, the president of oil-rich Iran said foreign investors were moving into its economy. Iranian President Hassan Rouhani unveiled a draft budget Continue Reading
State-sponsored hackers have conducted a series of destructive attacks on Saudi Arabia over the last two weeks, erasing data and wreaking havoc in the computer banks of the agency running Continue Reading
The partners tapping into one of the largest natural gas fields ever discovered off the coast of Israel said they brokered a power deal worth $2 billion. Delek Drilling, Texas-based Continue Reading
Saudi Arabia aims to diversify its economy away from crude oil exports into refined petroleum… JUBAIL, Saudi Arabia—Saudi Arabia’s decision to push for an OPEC deal to reduce crude-oil production Continue Reading
For the first time ever, Iraq’s export average rose above 4 million barrels per day (bpd), with increased sales by both the federal and Kurdistan governments in November.Oil Ministry spokesman Continue Reading
Iran’s Foreign Ministry said on Friday that the U.S. Senate’s vote to extend sanctions against the Islamic Republic for 10 years violated a historic nuclear deal reached between the country Continue Reading
