Eni’s production in Libya recovers
Italys Eni reported its 2011 net profit rose 9.1 per cent to US$9 billion thanks to higher oil prices and faster recovery of its Libyan output.
Italys Eni reported its 2011 net profit rose 9.1 per cent to US$9 billion thanks to higher oil prices and faster recovery of its Libyan output.
Total posted a 7 per cent increase in profit on higher crude prices and announced that its net income for 2011 was US$15.9 billion, a 17 per cent increase over 2010.
Kuwait Energy has made an oil well discovery in the Western Desert in Egypt. Iran started preliminary production in the Yadavaran oilfield in the southwest that is shared with Iraq, with the opening of a first well.
Harvest Natural Resources is seeing good progress in its drilling operations at Al Ghubar North-1 (AGN-1) exploration well onshore Oman, the company said.
p>Harvest Natural Resources is seeing good progress in its drilling operations at Al Ghubar North-1 (AGN-1) exploration well onshore Oman, the company said.