Iraqi source said that Iraqi oil flow to Turkey by 480 thousand barrels per day after the resumption of exports, and represents a pipeline running from northern Iraq to the Turkish port of Ceyhan on the Mediterranean port of export secondary to Baghdad since the majority of exports pass through the southern port of Basra.
Sarah Akbar Executive Chairman of the Kuwaiti Company for Energy Said that the company has signed a partnership agreement with the Somali government and the International Indonesian Energy Company Miedco to set up a governmental company for oil in Somalia.
Iraq and China have agreed the terms of a $3 billion oil service contract, Iraq’s oil minister says, announcing the first major oil contract with a foreign firm since the fall of Saddam Hussein.
Iraqi newspaper quoted the oil minister Hussein Shahrastani on Tuesday saying that Iraq will sign a contract with China to provide oil worth 1.2 billion dollars after renegotiating it will replace the production-sharing agreement reached in the era of the late President Saddam Hussein.
Lebanese Prime Minister Fuad Siniora Said that the Iraqi government showed willingness to approve the sale of quantities of oil to Lebanon at preferential prices.
Eng.Sufian Alao Minister of Petroleum and Mineral Resources said the Egyptian gas line has started to flow into Syria through the Arab Gas Pipeline to Deir Ali Station, south of Damascus.
Christophe De Marjuri Director General of French Oil Group Total valued the cost of Saudi al-jubail Refinery by 12 billion $ which was previously estimated by the company of more than 10 billion $.
An official at Abu Dhabi National Oil Company “ADNOC” asked to remain anonymous said that the UAE will reduce oil production between 150 thousand and 200 thousand barrels per day for 40 days during the months of October and November to carry out maintenance work.
Eng Naim Danhish project manager of Arab-European gas market said that the preparation of feasibility study for the final phase of the Arab Gas Pipeline is on its way , which will stretch for about 320 meters from the Al Rayyan to calcification of the Turkish border via Aleppo and from there will be linked to the Turkish gas network and then to the gas market in EU in the West and Iran as a possible gas provider in the east.
