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...
Oil & Gas
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...
Iraq to raise $6 trillion from oil and gas sales by 2030
Iraq unveiled an ambitious energy strategy that aims to raise $6 trillion (4.5 trillion euros) from oil and gas sales...
New oil plan to provide work for 10 million Iraqis
Deputy Premier for energy affairs Hussein Shahristani announced that the oil plan will provide Iraq with additional $6 trillion and...
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