Iraq’s oil ministry initialed two large deals Sunday with two consortia led by Turkish Petroleum International Co., or TPAO, and Kuwait Energy to develop, respectively, its eastern Mansouriya and southern Siba gas fields.
Iraq’s Oil Ministry is studying an offer submitted by a private Saudi company to rebuild the idled Iraq Saudi oil export pipeline, ministry spokesman Asim Jihad told Reuters on Sunday.
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Current oil prices at above 80 dollars a barrel are within a “very comfortable zone” beneficial to producers, consumers and companies alike, Saudi Oil Minister Ali al-Nuaimi said Monday.”I would say we are in a very comfortable zone,” he said in answer to a question after giving a keynote speech at an energy forum in Singapore.
Natural gas will become more “desirable” than other sources of energy including renewables, nuclear and fossil fuels, Qatar’s energy minister said Monday.
Abu Dhabi National Oil Company (ADNOC) announced its intend to expansion investments plans between $ 60 and $ 70 billion to double its production of oil and gas during the next ten years.
Kuwait’s income hit 35.3 billion dollars in the first half of the fiscal year, surpassing the budget’s full year target and posting 19.3 billion dollars in provisional surplus, official figures showed on Wednesday.
State-run Saudi Aramco and France’s Total have signed a $1.3 billion loan agreement with Saudi Public Investment Fund (PIF) in the latest stage of financing for their joint oil refinery, state news agency SPA reported.
The Jordanian government has increase the prices of oil by-products with averages in some cases that reach 6.5%, according to Al Jazeera television, which added that the decision is effective starting today.
Iraq’s oil minister says a consortium grouping Korea Gas Corp., or KOGAS, and KazMunaiGas EP JSC has won the right to develop the 5.6 trillion cubic feet Akkas gas field.
