Three state-owned Gulf firms are considering a joint bid for a minority stake in Occidental Petroleum Corp's Middle East and North Africa (Mena) unit, a deal that could be worth between $8 billion and $10 billion, three banking sources said.
Bahrain saw oil production increase 33 per cent last year, having risen by 24 per cent the previous year, said Energy Minister Dr Abdulhussain Mirza.
This has been due to the hard work by Tatweer Petroleum, the joint venture between nogaho
US oil giant Occidental will begin drilling for gas at the Bahrain Field 'any time now', said a senior government official.
'Cabinet approval for the deal has been received and a royal decree is set to be issued this week,'
Tatweer Petroleum's operations and plans were discussed at a key board meeting on Tuesday.
Energy Minister Dr Abdulhussain Mirza chaired Tatweer's eighth board meeting which included representatives from Occidental, Mubadala and No
US-based Occidental Petroleum Corp and South Korea's Kogas have received their first cargo of crude oil as payment for helping to develop Iraq's Zubair oilfield, shipping sources told Reuters on Monday.
The vessel Hellespont Trooper left B
Tatweer Petroleum Company, the ambitious new oil venture of Bahrain, discussed several organisational issues as well as the audit plan at the company's board of directors meeting.
Tatweer is a joint venture between National Oil and Gas Aut
Production should begin by the middle of 2014 at the Shah gas project being developed by Occidental Petroleum and Abu Dhabi National Oil Company (Adnoc), a senior official said on Monday.
Occidental won the contract to participate in the s
Bahrain yesterday signed a deep gas exploration and production sharing agreement with US Occidental Petroleum Corporation.
Oil and Gas Affairs Minister and National Oil and Gas Authority (Noga) chairman Dr Abdulhussain Mirza sealed the de
Occidental Petroleum has been awarded a contract to develop Abu Dhabi National Oil Company's (Adnoc) Shah gas project, in a deal expected to be worth $10 billion, sources said.
'Adnoc has awarded the Shah gas field to Oxy,' sai
China Petrochemical Corp, parent of Sinopec Corp, agreed to buy all of US-based Occidental Petroleum's oil and gas assets in Argentina for $2.45 billion, its first foray into the upstream market in the Latin America country.
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