Iraq and BP haven't yet reached an agreement on reimbursement of costs to build a multi-billion-dollar oil field water injection scheme in southern Iraq, a senior Iraqi oil ministry's official has said.
Zakum Development Company (ZADCO) awarded Technip and its consortium with National Petroleum Construction Company (NPCC) an engineering, procurement and construction lump sum contract for the Satah Full Field Development project.
India's Reliance Industries has decided to drop out of plans to develop an offshore oil exploration block in Oman six years after signing a production sharing agreement with the government.
Iraq’s oil ministry said that the country’s oil exports in July compared to the previous month but oil revenues increased as average crude prices rose.
Kuwait Energy Company KSCC (Kuwait Energy) made two oil discoveries in the GPZZ-4 and Al Ahmadi-1 wells located in the Abu Sennan concession in the Western Desert, Egypt.
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