Turkey joins Exxon in Kurdistan oil deal
Turkish prime minister has said that state-owned Turkiye Petrolleri AO (TPAO) is has reached an agreement with the Kurdistan Regional...
Oil & Gas
How should we spend the oil wealth?
Lebanon is years away from filling its coffers with money gained from drilling the seas for oil, but that isn’t...
Lebanon has 30 trillion cubic feet of offshore gas
Preliminary surveys of Lebanese offshore fields show reserves of 30tn cubic feet of natural gas and 660 million barrels of...
Major gas project kicked off in Iraq
Multibillion dollar project has been announced to be started by Royal Dutch Shell for tapping natural gas at the south...
New survey in the northern part of the Levantine Basin
British geological surveyor Spectrum has started a new phase of its 3-D survey of offshore oil and gas reserves, covering...
Iraq Launches world's largest flare reduction project
South Gas Company, Shell and Mitsubishi officially announced the commencement of operations of Basrah Gas Company, which will be the...
Kuwait eyes $42.15 billion surplus in 2013-2014
After trading broadly flat through March, crude oil prices dropped sharply in early April. The price of Kuwait Export Crude...
Iraq's oil exports at 2.6 million bpd in April
Iraq's crude exports for April were 2.6 million barrels per day (bpd), while total oil production stood at 3.1 million...
GCC’s Dolphin Energy capacity can be raised by a third in 2 years
Possibilities exist to enhance capacity of Dolphin Energy, the first ever cross-border gas project in the GCC, to 3.2bn cubic...
Presence of 10 giant new oil fields possible in Iraq
An oil expert said that it is very possible that Iraq would discover 10 new oil fields soon. "Iraq has...
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