Iraq produces record 4 million barrels per day of crude in December
Iraq produced a record of around 4 million barrels per day (bpd) of crude oil in December, Oil Minister Adel...
Oil & Gas
American, European and Asia-based firms ready to invest in Iran gas sector
A total of 40 American, European and Asia-based companies have expressed their willingness to invest in Iran’s gas sector, a...
Egypt signs oil and gas exploration agreements
The Petroleum Ministry said that it signed oil and gas exploration agreements in the Western Desert and Gulf of Suez....
Iran to boost South Pars gas production
Iran plans to increase gas production at South Pars gas field by the end of the current Iranian calendar year,...
Saudi Arabia 'assuming $80 oil' in 2015
Opec giant Saudi Arabia’s 2015 budget is probably assuming an oil price of $80 a barrel, and will be seen...
Egypt to launch tender for second LNG import terminal
Egypt will launch a tender for a second liquefied natural gas (LNG) import terminal in the coming weeks, which could...
Unaoil and Sulzer form joint venture in Iraq
Sulzer has signed an agreement to form a joint venture with the Unaoil Group dedicated to the service of all...
Saudi Aramco's oil resources to grow to 900 billion barrels by 2025
State oil giant Saudi Aramco expects to have 900 billion barrels of oil resources by 2025, up from the current...
Saudi Arabia to double natural gas output in 15 years
Saudi Arabia, the world’s top oil exporter, will double its natural gas output by 2030 but plans to keep all...
Qatar is set for budget surplus despite drops in oil prices
Qatar may well end the financial year on a budget surplus despite the slump in global oil price by about...
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