Lukoil will build a 1.6 million bpd pipeline to Iraq’s Fao terminal.
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Posted inNews
Oman considers solar energy for oil extraction
Oman seeks to extract oil using solar energy.
Posted inNews
Kurdish oilfield to hit the 200,000 bpd mark
40% of oil from the Taoki field is exported to international markets
Posted inNews
Oil protests cost Libya $30bn
Libyan oil output is now 200,000 bpd down from 1.4 mbpd in July
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Oil tanker missing after pirate attack
Piracy jumped by 1/3rd in West Africa last year
Posted inNews
OAPEC announce 44 new oil & gas finds in 2013
Figure consists of 34 oil and 10 gas discoveries
Posted inProducts & Services
Oil to surge by $15 per barrel if ME underinvests
Upstream oil and gas requires investment of $850bn per year by 2035
Posted inNews
Iraq to sue buyers of Kurdish oil
The destination of the first shipment of Kurdish oil remains unknown
Posted inNews
Iran to invest $19bn in upstream oil & gas sector
Iran will raise its oil capacity to 5.7mbpd by 2018