Iraq offers India 3 oil contracts
Iraq offered India three Oil contracts and financial credit for two months. The Media Office of the Prime Minister, Nouri...
Oil & Gas
OPEC says global oil demand to pick up pace next year
OPEC said global oil demand will pick up pace next year and rise by about 1 million barrels a day,...
Qatar plans energy shakeup in global expansion bid
Qatar's new leadership is expected to accelerate plans to spin off its prized asset, Qatar Petroleum, from the energy ministry...
The Middle East accounts for 43% of world's proven natural gas reserves
The Middle East region's proven natural gas reserves were estimated at 2,843 trillion cubic feet (tcf) at end-2012, equivalent to...
Potential gas reserves reach 170 trillion cubic feet in Iraq
Iraqi Prime Minister, Nuri al-Maliki said that the fixed gas reserves in Iraq amounted to about 112 trillion standard cubic...
Lukoil plans to double its investments in Iraq
Iraqi government said that the Russian company Lukoil plans to double its investments in the extraction and petrochemical industries field...
Saudi oil exports hit 1.27 billion barrels in six months
Saudi Arabia exported nearly 1.27 billion barrels of oil in the first six months of the current year that yielded...
Natural gas prices to significantly rise in 2013 partly due to limited production
The global natural gas market is forecast to post surpluses in each of 2013 and 2014 as demand growth remains...
Iraq to announce in July firms to build oil pipeline to Jordan
Iraq plans to announce in July prequalified companies to build the country's first oil export pipeline in decades via Jordan,...
Total acquires new exploration area in Kurdistan region of Iraq
France's Total firm bought 80 % share in the exploration area Baranan in Kurdistan region of Iraq in a boosting...
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