As lifting of sanctions on Iran boosted the influx of Iranian crude into international oil markets, some analysts and industry experts reckon that Iran and Russia are likely to be Continue Reading
Even with higher oil prices and advance payments from oil traders, revenues still fall short of KRG budget needs. Loading arms at the terminal for Iraqi crude exports at the Continue Reading
Aramco said to have hired HSBC to advise on potential deal Azerbaijan’s Socar and Opet Petrolculuk also said to bid Saudi Arabian Oil Co., the world’s largest crude exporter, is Continue Reading
Iraq had invited IOCs to bid on new development deals. But now state companies will handle some of those fields, and Iraq will delay contracting others until next year. Oil Continue Reading
Iraq’s Parliament will begin investigating allegations of bribery within the country’s oil sector following an order by Speaker Salim al-Jabouri late last week.Jabouri tasked 14 parliamentarians from six parties “to Continue Reading
Iranian oil minister Bijan Zanganeh said on Tuesday that he was still optimistic about implementation of a deal among oil producers to freeze output levels which was reached in Algeria Continue Reading
France’s Total has signed a deal with Iran to further develop its part of the world’s largest gas field, becoming the first western energy company to sign a major deal Continue Reading
British energy company BP said it extended an agreement in Oman to help develop a natural gas field that may require hydraulic fracturing to exploit fully. BP and Oman Oil Continue Reading
Small non-OPEC producer Oman believes that an OPEC production deal is now more in sight than it was a few months ago, Omani Minister of Oil and Gas Mohammad bin Continue Reading
Oil minister tasks SOC with implementing long-delayed infrastructure project, necessary for Iraq to achieve future oil production gains. Oil Minister Jabbar al-Luiebi (center) meets with other senior Oil Ministry staff. Continue Reading
