The 20.6% stake will cost Waha Capital $76 million
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Iran to produce high-grade gasoline
Iran will be self sufficient in producing high-quality gasoline.
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South Pars phase 12 commences condensate export
Gas condensate export from Phase 12 of South Pars has commenced.
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Rosneft signs supply deal with BP
Rosneft will provide 12 million tonnes of refined oil products.
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Petrobras offshore cost to increase by 50%
Cost of offshore licenses could rise to $10bn
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OGME AWARDS UPDATE: The Judge’s Verdict
Robin Mills, head of consulting at Manaar Energy, on the OGME Awards
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GE and ADNOC’s Petroleum Institute sign MOU
ADNOC and GE signed an MoU with the Petroleum Institute University.
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Kurdistan outlines plans for increased production
Kurdistan expects to export 1mbpd by the end of 2015
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Lighter vehicles cut down on fuel demand by 2020
Road fuel demand will decline by 10% in Europe and North America
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Iraq security continues to impede production
Little short-term Iraqi oil growth, but outages unlikely