Sudan aims for 1 mln bpd within 3 years
Sudan aims to increase oil production to 1 million barrels per day within three years relying on new finds and more efficient oil extraction methods, Petroleum Minister Lual Deng said on Wednesday.
Arab Oil & Gas News
Egypt reduced its gas exports to Syria recently to 800 or 900 thousand cubic meters per day
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 wins Eni contract in Iraq
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.
Kurd gas deal with German firm illegal says iraq
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 to consider abiding by OPEC quotas after crude production increases, oil minister says
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.
Kuwait, Iraq agree on oil output from border fields
Kuwait and Iraq have agreed “in principle” on a deal to regulate production from the border oilfields that once caused conflict between the two Arab states, the Kuwaiti oil minister said Wednesday.
Kuwait in $35bn oil upgrade
Kuwait is about to embark on major oil projects worth almost US$35 billion (Dh128.45bn) as part of the government’s four-year development plan, says Sheikh Ahmed Abdullah Al Sabah, the oil minister.
Egyptian Petroleum Ministry orderes reduction in gas exports to solve power crisis
Official sources from the Ministry of Petroleum have said the ministry will reduce gas exports over the next few weeks so that there is more available to satisfy local needs, especially since recent overloading of the power grid has caused a crisis between the Ministries of Petroleum and Electricity.
Sudan signs oil, gas exploration deal in north east
Sudan signed a $30 million deal with small Finnish company Fenno Caledonian on Thursday to explore Block 10 in the north east of the country, a rocky area that might hold gas or crude oil, officials said.
Lebanon to auction for gas exploration in 2012
Lebanon hopes to launch a licensing round for offshore gas exploration at the beginning of 2012, the energy minister said on Thursday, two days after parliament unanimously ratified a long-awaited energy law.
