Italian Techint wins Iraq oil field deal
An Italian company, Techint Engineering and Construction, has recently clinched a contract of $387.8 million. The aim of the contract...
Oil & Gas
Iraq signs $18 billion pipeline deal with Jordan
The Iraqi ministry of oil said that Jordan and Iraq have signed an agreement to build a double pipeline that...
Lukoil to pump first 150,000 bpd from Iraq West Qurna-2 in December
Lukoil Holdings, Russia's largest non-state oil producer, aims to produce 150,000 barrels of oil a day at Iraq's supergiant West...
Iraq’s South Oil Company increases production by 20% in 2012
South Oil Company announced achieving an increase in production by 20%, in comparison with the 2011 figures. The increase reached...
Hyundai E&C wins $1.9 billion UAE order
Hyundai Engineering & Construction Co Ltd has won a 2.1 trillion won ($1.9 billion) order to build deep-sea oil transportation...
$2.4 billion deals signed to develop UAE oil field
Abu Dhabi Marine Operating Company (ADMA-OPCO) said it has signed two contracts valued at $2.4bn for the Satah Al-Razboot (SARB)...
Lebanon’s offshore gas fields draw 52 applications
Exxon Mobil, Chevron, and the National Iranian Drilling Corporation are among the 52 international energy companies submitting applications to participate...
Iraq to produce 4.5 million barrels per day by 2014
By the year of 2014, Iraq is targeting oil production capacity of 4.5 million b/d, which is a part of...
Aramco aims to become the world's single largest refiner
Saudi Aramco, the world's biggest crude exporter, expects to become the top producer of refined products such as fuel and...
Exxon Mobil allocates $1.65 billion to develop Iraq’s Qurna field
The US Exxon Mobil Oil Corporation allocated more than $1,650 billion to develop Qurna Oil field in Maysan province of...
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