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Iran Targets Dramatic Output Increase From Oil Fields Bordering Iraq

OilPrice

Iran is targeting a dramatic increase in oil production from the fields it shares with neighbouring Iraq, according to the chief executive officer of its Petroleum Engineering and Development Company (PEDEC), Nasrollah Zarei. Other notable major shared fields among many others -- are Azar (on the

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Iraq Seals Major Oil Deal with Chinese Company

OilPrice

Iraqs government has signed a deal with Chinese Geo-Jade Petroleum to expand production at the Tuba oil field, build a refinery and two power plants. The refinery that Geo-Jade Petroleum will build will have a capacity of 200,000 barrels daily.

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Offshore Oil Exploration Booms in Namibia with Key Decisions Looming

OilPrice

TotalEnergies is expected to submit this summer a field development plan for the Venus project, while BW Energy and Namibia are finalizing a plan to develop a smaller discovery, Maggy Shino, Petroleum Commissioner at the Namibian Ministry of Mines and Energy, said on Tuesday. Both TotalEnergies and BW Energy are set to make

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China Tightens Grip on Iraq’s Energy Future with Massive Basra Megaproject

OilPrice

Chinas Geo-Jade Petroleum has signed a swathe of major contracts that give Beijing control over Iraqs first fully integrated energy project.

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MOL discovers new oil field in Western Hungary

Oil & Gas 360º

(World Oil) –MOL has discovered a new oil field near Somogysmson in Western Hungary. Consequently, it has recently signed cooperation agreements with the national oil company of Kazakhstan (KazMunayGas), the national oil company of Azerbaijan (SOCAR), and the national oil company of Trkiye (Turkish Petroleum).

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Petroleum Sector Celebrates Half a Century of Success for Abu Madi Field in the Nile Delta

Egypt Oil & Gas

Under the patronage of Minister of Petroleum and Mineral Resources Karim Badawi , the workers at the Abu Madi site in the Nile Delta celebrated the golden jubilee marking 50 years of oil and gas contribution to the region.

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Rebalancing IOCs Positioning in Iraq's Upstream Petroleum Sector

Iraq Business News: Oil & Gas

Rebalancing IOCs Positioning in the Upstream Petroleum Sector in Iraq The Ministry of Oil (MoO) recently concluded an agreement with BP covering four main oilfields in Kirkuk , following an earlier contract with an unidentified Ukrainian company to resume development of the Akkas gas field. Read more of Mr Jiyad's biography here.