Tupras, Turkey's sole oil refiner, will extend purchases of crude oil from Iran when the company's contract expires in August but won't increase imports, Energy Minister Taner Yildiz said.
Turkey is seeking to raise cr
The Dubai Mercantile Exchange (DME), a premier international energy futures and commodities exchange in the Middle East, plans to propose a fuel oil contract at its board meeting in December, its CEO said.
The exchange, which trad
Iraq's cabinet approved a $358.8 million contract with Dubai-based Drake and Scull and Italy's Sicim to lay pipelines in the southern Zubair oilfield, said a government spokesman.
The deal is part of a series of contracts
Iraq's cabinet approved a $998 million oilfield service contract on Tuesday with a South Korean company for the West Qurna Phase Two oilfield, the cabinet said in a statement
An Iraqi oil official who asked not to be identified said the de
Iraq and partners Royal Dutch Shell and Petronas awarded a contract worth more than $60 million to Turkish firm Enka to install and operate two production facilities at the Majnoon oilfield, an Iraqi oil official said.
The construction and
Oil firms Nippon Oil of Japan, Eni of Italy and Repsol of Spain are competing for a contract to help develop southern Iraq's Nassiriya oilfield, an oil ministry official said.
The official, who asked not to be named, said the three compani
French oil major Total said on Thursday it had signed an agreement with the Libyan National Oil Corporation to renew its contracts on two blocks in the Murzuq basin.
Total said the agreement involves its stakes in the Repsol-operated block