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Arab Oil & Gas News
China’s Oil giant starts operating Halfaya Oilfield in Iraq
China National Petroleum Corp (CNPC), China’s top Crude Oil producer, said Monday operations have begun at the 1st phase of its Halfaya Oil field project in Iraq, with an initial annual capacity of 5-M tons. …
Iraq Signs Oil Contracts with India, Holland
Despite a spate of bad luck awarding oil contracts over the past several weeks, Iraq bestowed nearly $300 million worth of contracts this week to Indian and Dutch firms. The firms will be setting up factories to manufacture oil and gas…
LUKoil Discover Huge Oil Deposit in Egypt
A consortium of oil companies, including Italy's Eni and Russia's largest private oil company LUKoil, discovered oil in the eastern part of the Libyan Desert 290 kilometers southwest of Alexandria, Eni said on Thursday. …
Iraq auctions 12 new oil, gas blocks
Iraq started its fourth energy bidding round to allow international companies to compete for exploration deals on 12 new oil and gas areas, as the OPEC-member country seeks to expand its crude reserves and become a major gas exporter.…
Iraqi spokesman: the formation of committees with Syria and Jordan to discuss the joint exploitation…
A Spokesman for the Iraqi Oil Ministry annonced the formation of a joint working committees with Syria and Jordan to discuss the joint exploitation of oil fields to serve the common interests. (more…)
Iraq Invites Firms to Manage Water Injection
Iraq has invited international consultancy firms to assist in managing the country’s multi-billion dollar oilfield water injection projects. The scheme would assist in raising the extraction rates in order to stop declines in…
Saudi says $100 per barrel great price for oil
Top crude exporter Saudi Arabia wants an oil price of around $100 a barrel and would like to see global inventories rise before demand picks up in the second half of the year, Oil Minister Ali al-Naimi said on Sunday. …
Iraq oil exports rise to 2.508 million barrels per day in April
Iraq’s crude oil exports rose to 2.508 million barrels per day (bpd) in April from 2.317 million bpd in March as new offshore export terminals helped increase sales, the head of the State Oil Marketing Organization (SOMO) said on…
Egypt cancels Israel gas deal
Egyptian energy companies have terminated a deal to supply Israel with natural gas. (more…)
Iraq To Export Oil From 2nd Floating Terminal
Iraq will start crude oil loading from a new floating terminal in Basra Friday, the second the country has started operating within a month and a half, which will boost export capacity by another 800,000 to 900,000 barrels a day, a senior…