International Oil Companies (IOCs) have long played a dominant role in the development of the region’s oil sector and have always seen the Middle East’s vast reserves as prized assets.
Search results
Lukoil of Russia plans Middle East expansion
The company is currently involved in Iraq, with 400,000 bpd of oil production, and in Egypt, with 6,000 bpd
Iran’s new EOR law not in conflict with IPC
The law demands oil ministry to use all tools and private companies’ capacities to invest in EOR projects, especially in joint fields
Kurdistan negotiates $3bn oil pre-payment deals
Trading houses have been pre-financing Kurdish oil exports for the past two years after the government in Erbil decided to start independent oil exports via Turkey’s Mediterranean terminals
Kuwait’s oil exports to China above 250k bpd level
China drastically increased the quota for non-State crude imports in 2016 as it seeks to attract more private capital in the largely monopolised sector
US oil rises on record OPEC output cut compliance
OPEC has so far surprised the market by showing record compliance with oil-output curbs
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.
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.
Dana Gas wins court judgement in Kurdistan dispute
The court ordered the KRG to pay $121mn to the claimants for condensate and liquefied petroleum gas lifted by or on behalf of the KRG between 2015 and 2016