National Iranian Oil Company (NIOC) and Russias Tatneft agreed a deal worth around US$700mn to develop the Zagheh heavy crude oilfield based in southwest Iran.
Exploration & Production
OPEC decides on new crude production level of 30mn bpd
OPEC ministers agreed to a new crude production ceiling of 30mn bpd that covers all 12 members, including Libya and Iraq.
Shell signs exploration deal with Turkey
Shell and Turkish Petroleum Corporation (TPAO) signed a deal to conduct oil and natural exploration in the south east of the country and off its Mediterranean coast.
Aggreko Middle East awarded ADCOP load testing contract
Aggreko has been awarded the Abu Dhabi Crude Oil Pipeline (ADCOP) load testing contract by China Petroleum Engineering & Construction Corporation (CPECC).
Oil exports in Iraq rebound in October
Iraqs oil exports rebounded in October after a sharp drop in September, but remained lower than previous months, government figures showed.
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