Saudi Arabia is expected to list 5% of the state-owned oil giant by the end of 2018
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Reforms in Iran oil contracts necessary: Ayatollah
Supreme Leader Ayatollah Ali Khamenei has said that no new oil and gas contracts for international companies will be awarded without necessary reforms
Iran, Kurdistan ‘eyeing oil co-operation’: Report
The two sides are planning to build a pipeline that could transfer as much as 250,000 barrels of oil per day from Kurdistan to Iran
Iran’s new oil contract to be ready this summer
Oil Minister Bijan Zanganeh has said that the Islamic Republic will invite bids, through the Iran Petroleum Contract (IPC), to develop 10 to 15 oil and gas fields
Total wins stake in Qatar’s Al Shaheen oilfield
Total will be in charge with operating the oilfield starting July 14, 2017, and a new company named North Oil Co. will be created to manage the joint venture
Iran names new OPEC envoy: Oil Ministry
Iran has named oil ministry senior analyst Behrouz Beik Alizadeh as its new representative to OPEC
Oman’s crude oil output rises marginally in May
Sultanate’s production during May 2016 stood at 30.10mn barrels, a daily average of 999,836 barrels
MOL announces finding new oil reserves in Pakistan
This marks the Hungarian oil and gas company’s 8th discovery in the TAL Block and 12th in the country
Iran wants oil dues to be paid in euros: Zangeneh
The Islamic Republic’s move comes as it is looking to reduce its dependence on the US dollar following sanctions relief in January
Lukoil quits Aramco JV project in Saudi Arabia
Luksar, as the project is known, was 80% owned by Lukoil and 20% by Saudi Aramco