Exxon Mobil's top executive has met with the president of Iraqi Kurdistan after Baghdad made the US major an offer in an apparent bid to keep it operating in the south of the country, industry sources said.
When Iraq's Deputy Prime Minister Hussain Al-Shahristani met Exxon Mobil executives in Baghdad two months ago, he could hardly control his emotions. His anger boiling over, the Iraqi oil chief threatened to kick the America
The Syrian government is negotiating deals with firms in London, Singapore and the Middle East to sell crude oil in return for the fuel it needs to survive in the face of an increasingly bloody insurgency, documents seen by Reu
Libya has started investigating foreign oil companies over their past relationships with the former Muammar Gaddafi government, an investigator with the ruling National Transitional Council (NTC) said.
Salem Qanan, who sits on the NTC's Oi
Russia has invited members of Libya's interim government to Moscow to discuss the future of Russian energy contracts in the country, Foreign Minister Sergei Lavrov said on Saturday.
'We will discuss all of this,' Lavrov told re
Libya's rebel government will honour all energy contracts granted legally under Muammar Gaddafi's 42-year rule and work to restore oil output to pre-war levels within a year, said rebel reconstruction leader Ahmed Jehani.
Forty-five of the world's major energy companies have qualified to compete in Iraq's next bidding round for contracts to develop its vast oil fields, the second such auction since the US-led invasion in 2003.
The auction for some of Iraq's