The company is currently involved in Iraq, with 400,000 bpd of oil production, and in Egypt, with 6,000 bpd
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Iran inks oil agreements with Austria
The Iranian vice president’s advisor said the visit to Vienna was in line with a five-year plan to stimulate bilateral cooperation
Algeria, Exxon discuss joint offshore oil drilling
With lower oil prices forcing the company to focus on developing mature wells in the Sahara Desert, offshore rigs could open up new growth opportunities
Dana Gas sukuk drops as market’s concern rises
Dana Gas became the first UAE entity to fail to repay a bond on time in 2012, a default that eventually led to a consensual bond restructuring which some analysts described as a sign of growing sophistication in the region’s debt market
Rosneft signs deals with Libya and Kurdistan
The deal with Libya NOC was announced as Rosneft said it had signed a deal to pre-finance crude exports from Kurdistan, becoming the first major oil firm to make such an agreement with the semi-autonomous Iraqi region.
Interview: Greater convergence
Iain MacKay, COO, Petrotechnics, discusses how digital technologies can empower organisations in the refining sector to drive convergence for integrated business processes that provide them with actionable insight about their businesses.
Iraq’s oil reserves increase to 153bn barrels
The increased estimate is the result of appraisals and exploration carried out at seven oilfields in central and southern Iraq
Using the D-Factor in upstream operations
Implementing an effective digital oilfield structure has been proven to help operators achieve efficient drilling, maximise oilfield recovery, eliminate non-productive time & increase profitability through the design and deployment of integrated workflows
There’s a tide in the industry’s affairs
The 8th Gulf Intelligence UAE Energy Forum drew energy industry professionals and analysts to Abu Dhabi on January 11th, who seemed certain that the industry was traversing through interesting times.
KSA debating shape of Aramco ahead of IPO
“There are two options being studied now. Either to make Aramco a pure oil and gas company, or a conglomerate and expand its role in petrochemicals and other sectors,” said Reuters’ sources.