Iran has agreed to export 20 million cubic meters per day (mcm/d) of gas to Oman, Iran's oil minister was quoted as saying by the semi-official Fars news agency, indicating the two sides had agreed on terms after years of talks.
The $400 billion gas deal Russia signed with China was a symbolic victory for Moscow as it is locked in a dispute with the West over Ukraine, but the scale of the deal is not as massive as it seems at first blush, according to analysts.
China and Russia signed a $400 billion gas supply deal on Wednesday, securing the world's top energy user a major source of cleaner fuel and opening up a new market for Moscow as it risks losing European customers over the Ukraine crisis.
Iran has sealed an agreement to export 10 billion cubic metres of gas per year to Oman, Iran's state news agency Iran said, in a deal that also involves building a pipeline across the Gulf at a cost of about $1 billion.
Iraq aims to sign a final agreement on November 24 with Royal Dutch Shell for a $17 billion deal to capture gas, which is currently flared off in oilfields, to generate much-needed power, a senior oil ministry official said on Wednesday.
Iraq's cabinet approved a $17 billion deal with Royal Dutch Shell and Mitsubishi on Tuesday to capture gas that is now being flared off into the atmosphere at southern oilfields, a government spokesman said.
The 25-year venture is expe
Iraq's oil ministry said it had signed a final deal with Korea Gas Corp (Kogas) to develop its Akkas gas field in the western province of Anbar, the country's largest with reserves of 5.6 trillion cubic feet.
Iraq had asked Kogas to develo
Iraq's cabinet approved a contract with South Korea's Kogas on Tuesday to develop the Akkas gas field in western Anbar province, an oil ministry source said.
Iraq awarded a development contract for Akkas, the country's largest
Iraq initialled a final contract on Tuesday with Royal Dutch Shell and Mitsubishi for a $12 billion deal to capture flared gas at southern oilfields, two sources close to the deal said. The long-awaited deal still needs the approval of Iraq's
Iraq's Oil Ministry said on Monday it postponed the initial signing of a $12 billion deal with Royal Dutch Shell and Mitsubishi to capture flared gas at southern oilfields.
The signing of the initial cont