OPEC members and “brother countries” Iraq and Saudi Arabia have signed 18 memoranda of understanding (MoUs) covering crude oil, natural gas, refining and other projects, the Iraqi oil ministry said in a statement on Wednesday.
Russia’s Gazprom Neft and its international partners developing the Iraqi Badra oilfield are considering to invest an additional $2.5 billion in the project by 2030, Gazprom Neft CEO Alexander Dyukov said Wednesday.
Gazprom Neft’s subsidiary in Iraq, Gazprom Neft Badra, started on Wednesday commercial operations on its 1.6 billion cubic meters (Bcm) gas processing plant at its Badra oilfield, in eastern Iraq, Kallanish Energy reports.
Iranian oil minister Bijan Zanganeh slammed on Monday Pakistan’s lack of certainty within its natural gas industry as Tehran is asked to join Hungary’s oil firm MOL in the development of Pakistani gas projects.
London-listed independent oil and gas company, Genel Energy, announced on Monday the successful drilling of a producer well in the northern flank of its 44%-operated Taq Taq field in Kurdistan, Kallanish Energy reports.
Bermuda-based Nabors Industries, owner and operator of the world’s largest land-based drilling rig fleet, announced its 50-50 joint venture (JV) with Saudi Aramco has started operations, Kallanish Energy learns.
Iraqi oil minister Jabar al-Luaibi, who’s attending the OPEC meeting in Vienna, said that oil majors Chevron, Total and PetroChina may form a consortium to develop the super-giant Majnoon oilfield in southern Iraq, Reuters reported on Thursday.
Saudi Arabia’s petrochemical producer Saudi Basic Industries Corp (SABIC) is mulling to spend between $3 and $10 billion on acquisitions over the next five years, CEO Yousef al-Benyan said on Tuesday.
Abu Dhabi’s state-owned oil company, ADNOC, gave on Monday an indicative price range the shares of ADNOC Distribution’s planned partial initial public offering (IPO) at between AED 2.35 ($0.64) and AED 2.95 ($0.80) per share.
State-owned Saudi Aramco has signed a memorandum of understanding (MoU) with petrochemical producer Saudi Basic Industries (SABIC) to build a $20 billion, fully integrated crude oil-to-chemicals complex in Saudi Arabia.