Exploration & Production

Lukoil to start oil production in Iraq by 2013

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Lukoil which develops Iraq's West Qurna phase-2 oil field expects to begin production in 2013.

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MB Group looking to acquire oil assets

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MB Group invested around US$240-US$250mn last year in order to acquire new equipment for oil services companies and to enhance crude oil production of Petrogas.

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US$2.6 billion pipeline awarded in Iran

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Iran has issued contracts worth US$2.6 billion to Khatam Al-Anbia, a company controlled by the Revolutionary Guards.

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LUKOIL looking to the Middle East to boost reserves

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LUKOIL is looking into replacing its reserves over the medium term and is considering acquiring new assets to achieve this, including from the Middle East region.

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Morocco makes further gas discovery

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Circle Oil PLC announced that the ADD-1 exploration well has been drilled, logged and successfully tested in the Sebou Permit, Rharb Basin, Morocco.

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