IRAN AND CHINA have signed a US$1.76 billion deal for the initial development of Irans North Azadegan oilfield, Irans official IRNA news agency has reported. The deal was signed between the China National Petroleum Corp. and the National Iranian Oil Co.
ARAWAK HAS RESUMED oil production at its four operated fields in Kazakhstan. Arawak announced on December 5, 2008 that it had curtailed production at the fields following a significant deterioration in margins owing to high taxation and a material decline in world oil prices.
p>ARAWAK HAS RESUMED oil production at its four operated fields in Kazakhstan. Arawak announced on December 5, 2008 that it had curtailed production at the fields following a significant deterioration in margins owing to high taxation and a material decline in world oil prices.
Oilfield services company Petrofac Ltd said it was awarded an engineering contract worth US$580mn by a state-owned oil company in the Gulf Cooperation Council (GCC) for a "major project"
