Sunday 1 May 2016
 
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oil contracts

Iran’s new oil contracts ‘may touch $30bn’

Iran is likely to enter oil investment deals to the tune of $30 billion under the new contracts to be unveiled next week, a report said. "A section of our oil industry's challenges will be overcome with the new contract m

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Iran to reveal new oil contracts within weeks

Iran will unveil new oil development contracts in the coming weeks aiming to attract foreign investors and oil buyers once sanctions on its energy sector are lifted, Shana reported. The new contracts will be unveiled in T

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Iran sweetens oil contracts to counter sanctions

Iran is sweetening the terms it offers on oil development contracts to draw the interest of foreign investors deterred by sanctions and low crude prices, as its pragmatic president seeks to deliver on his promise of economic recovery.

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Indian, UK firms clinch $2.3bn Kuwait oil deals

Two major Indian companies and a British firm clinched the lion's share of oil project contracts worth $4 billion awarded by Kuwait during the July to August period, said a report. Larsen & Toubro (L&T) and Dodsal of I

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Iraqi Kurds export first heavy oil to global market

Iraq's Kurdish region has started exports of heavy crude to world markets, traders and industry sources said, a further step to wrestle more control of its lucrative oil sector from the central government in Baghdad. Trucked t

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Turkey backs off Kurdistan energy deals under pressure

Turkey and Iraqi Kurdistan have yet to completely finalize a package of energy deals, and Ankara will seek Baghdad's co-operation on the issue, the Turkish foreign ministry said on Saturday after sources said the contracts had been signed.

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Turkey, Kurdistan ink landmark energy contracts

Turkey and Iraqi Kurdistan signed a multi-billion-dollar energy package this week that will help transform the semi-autonomous region into an oil and gas powerhouse but infuriate a central Baghdad government wary of increasing Kurdish autonomy.

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Oman to award $1.04bn oil contracts by year end

State-run Oman Petroleum Company (PDO) is planning to award $1.04 billion worth of contracts for work in its oilfields before the end of this year, a company official said on Tuesday. 'We are processing the tenders submitted for variou

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US oil firm outlines 5-year Iraq plan

US-based Defense Solutions, an international project management firm in the defence and energy fields, has outlined the firm's five year growth plan that capitalizes on the firm's extensive opportunities in Iraq. Release of the business pl

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Iraq vows to honour Kurd oil contracts

Iraq will respect profit-sharing contracts signed by the Kurdistan region with foreign oil firms, ending a long-standing dispute between the two sides, Prime Minister Nuri Al Maliki has said. He said Baghdad finally agreed because extracti

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