..Egypt’s former oil minister has been detained for 15 days in connection with a corruption probe, the latest member of the ousted regime to face questioning, a judicial official said on Thursday.
LUKOIL Mid-East Ltd. (OAO LUKOIL’s operating company) started recruitment of local staff to work at the West Qurna-2 field in the Medina district, Basra province, southern Iraq.
Oil is making a move higher Friday, in light of a report that Saudi Arabia will need to increase total capacity to meet demand. Crude oil is trading higher by more than 0.7% today, to $112.29.
Qatargas Operating Company said Saturday the shipments represent about 4 million tons of the super-cooled fuel, or enough to provide electricity to five million Japanese homes.
Egyptian Minister of Petroleum Abdallah Ghorab said today (Sunday) in an interview with the Egyptian newspaper “Al- Shoruuk” that Egypt exports gas to Israel at a higher price than the export price of US gas.
The euphoria that greeted the victory of Russia’s Lukoil and Gazprom Neft in Iraqi oil-field tenders at the end of 2009 has long since died down, and today the companies are grappling with the realities of keeping their projects on track and on time.
Iraqi Deputy Prime Minister Hussein Shahristani told a press conference Monday that Iraq’s oil Ministry had completed revision gas deal worth 12 billion dollars with shell, Mitsubishi has provided to the Committee on energy in the Cabinet for approval.
A senior Libyan rebel official said on Sunday Gulf oil producer Qatar had agreed to market crude oil produced from east Libyan fields that are no longer in the control of Muammar Gaddafi.
Unknown attackers attempted on Sunday to blow up an Egyptian gas pipeline to Jordan, but the explosives failed to detonate, a security official was quoted as saying by Agence France-Presse.
ExxonMobil Iraq Limited, together with the South Oil Company of Iraq and co-venturers Shell West Qurna B.V. and Oil Exploration Company of Iraq, announced today a major production milestone in the redevelopment of the West Qurna I oil field in Southern Iraq.
