Kuwait has announced that operations and exports from oilfields jointly operated with Saudi Arabia will resume soon
Kuwait and KSA to resume joint oilfields operations
Exploration & Production
Unperturbed by Iran, Iraqi oil production hits record
In an interview with Reuters, Iraq’s oil minister Adel Abdul Mahdi confirmed the country’s plan to continue to increase the oil output of the country in spite of the expectations from Iran after sanctions were lifted
JBIC signs loan agreements with ADNOC to renew oilfield concessions
Japan’s Bank for International Cooperation (JBIC) has signed a US$2.1bn loan agreement with Abu Dhabi’s ADNOC to secure long-term oil supplies
Iraq eyes PetroChina and ExxonMobil to fund EOR project
Iraq, OPEC’s second-largest producer, has approached PetroChina and ExxonMobil to invest in a multi-billion-dollar project to boost output from its smaller southern oilfields, a senior Iraqi oil official said
Iran to open up oil and gas sector first to foreign companies
Iran’s oil and gas sector will be the first to open up to foreign investment, generating the much needed cash to fund other infrastructure projects, according to a panel of Iranian experts
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