Friday 25 July 2014
Oil blocks

Iraq offers 3 discovered oil blocks to India

Iraq has offered three discovered oil blocks to India and has agreed to consider investing in the 300,000 barrels per day of Paradip refinery, a unit of Indian Oil Corp, an Indian oil ministry statement said on Thursday. Baghdad h


Yemen invites bids for five oil blocks

  Yemen has invited international companies to bid for exploration and development rights in five oil blocks around the country as it gives top priority to building up its oil output and reserves, the oil minister said.


Adnoc, Korea firm to develop oil blocks

The Abu Dhabi National Oil Company (Adnoc) and the Korea National Oil Corporation (KNOC) have signed a contract to develop three undeveloped oil blocks in Abu Dhabi. This contract further strengthens the important relationship between both


Oman plans $1bn investment to boost gas output

Oman plans to invest $1 billion in a field southeast of the capital to boost gas production, state-run Oman Oil Exploration and Production Company said in a statement on Sunday. "We plan to produce 90 million cu ft of gas per day from


Kuwaiti firms may join ONGC in India oil bid

Kuwaiti firms may join India's state-run Oil and Natural Gas Corp (ONGC) to jointly bid in the auction for oil and gas exploration blocks in India, the company's chairman RS Sharma told reporters on Tuesday. India aims to laun


OMV renews key Libya oil contracts

OMV, Central Europe's leading oil and gas group, has signed agreements with Libya's National Oil Corporation (NOC) for renewal of key oil blocks in the Murzuq basin and extending the oil contracts till 2032. The oil blocks - NC115 and NC18

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