Yemen’s annual revenues from oil exports was estimated to be around $ 1.4 billion for the first 10 months of 2009 compared to $ 4.15 billion in the same period last year, or a decline of $ 2.675 billion, a Yemeni government report said on Tuesday.
The Angolan state-owned oil company, Sonangol, has signed two initial oilfield deals in Iraq.
Algerian hydrocarbon group, Sonatrach, has announced the discovery of five new oil fields in southern Algeria in the Berkine, Illizi, and Amguid/Hassi Messaoud basins.
A consortium led by Russia’s private oil giant Lukoil signed an initial deal with Iraq on Tuesday to develop one of its biggest oilfields, an agreement key to the war-ravaged nation’s efforts to boost the output of a resource crucial to its postwar reconstruction efforts.
Saudi king Abdullah described oil prices as satisfactory in an interview published on Saturday, at a time when the largest OPEC producer is seeking price stability.
A consortium led by Russian energy giant Gazprom has won rights to develop an Iraqi oil field near the Iranian border, Iraqi Oil Ministry announced Thursday.
Kuwait has discovered a new oil and gas field and is exploring for more as the OPEC producer seeks to boost its crude output capacity by about 27% to 4 million barrels of oil a day by 2020, a senior oil official said in comments carried by state-run Kuwait News Agency late Tuesday.
A group led by Royal Dutch Shell, Europe’s largest oil company, signed a deal to develop Iraq’s Majnoon supergiant oilfield, pledging to spend tens of billions of dollars on the project over the next two decades.
The state-owned Algerian oil giant Sonatrach has announced that it has awarded exploration and productions contracts for three areas in a licensing round in the North African country.
Iraq will sign preliminary contracts from today, with oil companies that bid successfully last week for seven fields, oil ministry spokesman Assem Jihad said.
