Iraq and BP havent yet reached an agreement on reimbursement of costs to build a multi-billion-dollar oil field water injection scheme in southern Iraq, a senior Iraqi oil ministrys official has said.
Indias Reliance Industries has decided to drop out of plans to develop an offshore oil exploration block in Oman six years after signing a production sharing agreement with the government.
Iraq’s oil ministry said that the country’s oil exports in July compared to the previous month but oil revenues increased as average crude prices rose.
Kuwait Energy Company KSCC (Kuwait Energy) made two oil discoveries in the GPZZ-4 and Al Ahmadi-1 wells located in the Abu Sennan concession in the Western Desert, Egypt.
