Iraq unveils foreign oil contract shortlist
British groups BP, BG International and Premier Oil have been shortlisted to bid for contracts to work on Iraq’s oil and gasfields.
British groups BP, BG International and Premier Oil have been shortlisted to bid for contracts to work on Iraq’s oil and gasfields.
Algeria and Nigeria may sign an agreement soon on a multi-billion dollar pipeline to export Nigerian gas to Europe across the Sahara desert, Algeria’s energy and mines minister said on Saturday.
A senior official company in Total giant French oil company said it was likely to sign a contract with United Arab Emirates to build two nuclear reactors in the second half of 2009.
Lebanese Minister of Energy announced on Saturday that Lebanon will receive thirty million cubic feet of natural gas through the Arab gas pipeline from the end of this summer.
Iraq is in talks to possibly export surplus natural gas through the Arab Gas Pipeline to the Middle East and Europe, its oil minister said yesterday.
Iraqi Prime Minister Nouri al-Maliki on Thursday discussed with a Russian delegation plans to repair the Kirkuk-Baniyas pipeline, which carried oil from Kirkuk to the Syrian port of Baniyas.
Shares in DNO International (DNO.OL) jump 18.5 percent after the company says it has received formal approval from the Kurdish regional government in northern Iraq to start exporting oil from its Tawke field.
Iraq and Royal Dutch Shell PLC on Monday will formally launch plans to invest in a joint venture to tap natural gas in southern Iraq, a government spokesman said.
Dr. Hussein Shahristani, oil minister said higher crude oil prices helped Iraq a lot this year and even at the level of production, was due to Iraq produces 2,008 within a budget agreement with the International Monetary Fund (1.7) million barrels per day, but the rate of annual production reached (1.880 ) Million barrels per day, or complete (111%) or increase (11%) and for export was higher than expected increase (200%).
The onshore division of United Arab Emirates state-run oil firm ADNOC plans to award around $2 billion of contracts to expand capacity before the end of the year, a top official said on Thursday.