Egypt reduced its gas exports to Syria recently, to the extent of 800 or 900 thousand cubic meters per day after it was imported 2.5 million cubic meters per day through the Arab gas pipeline that runs from Jordan.
Halliburton , the No. 2 oilfield services group, said on Tuesday it won a contract from Italian oil company Eni to help squeeze more oil from 20 wells in the Zubair field in southern Iraq.
Prime Minister Eng. Mohammed Naji Otri will open on Thursday al-Furat Oil and Gas Technological Institute in Tim field in Deir Ez-Zor preparing to receive the students of the school year 2010-2011.
Iraq’s oil ministry said on Sunday the agreement Germany’s RWE signed with the Kurdish Regional Government, which included possible future gas supply for the Nabucco pipeline project, is illegal.
Iraq’s oil minister said Sunday that Baghdad will consider abiding by OPEC quotas once its crude production increases to at least 4 million barrels a day in two to three years.
Russia will begin test operations this week on a new oil pipeline that will start shipping Siberian crude to the Chinese border from Jan. 1, the country’s oil pipeline operator said Friday.
Russian energy company Lukoil(LKOH.MM) and partners have issued a tender for seismic surveys at Iraq’s West Qurna Phase Two oilfield, according to a statement published on Saturday.
Oil prices soared beyond 75 dollars per barrel on Friday after US central bank chief Ben Bernanke managed to soothe growth concerns in the world’s largest oil consuming nation.
Afghanistan, believed to be sitting on top of billions of dollars worth of minerals and energy sources, has extracted oil for the first time and plans to pump a modest 800 barrels a day, officials said on Thursday.
Oil prices extended gains to near $73 a barrel Thursday in Asia as regional stock markets rose and recent sharp losses in crude drew more buyers.
