Saudi Aramco has announced plans to invest US$40bn annually in Saudi Arabias energy sector for the next ten years to maintain oil production and double gas output in the Kingdom
Exploration & Production
Jordan to award two blocks for oil and gas exploration
Jordan is offering two blocks in its northeastern region for oil and gas exploration, according to Ministry of Energy and Mineral Resources
Kurdistan Region of Iraq resumes export to Turkey
Crude oil flow from Kurdistan Region of Iraq’s pipeline to Turkey has resumed after the completion of upgrade work
Sea Dragon Energy to farm-out 45 per cent interest onshore Egyptian concession
Sea Dragon Energy has entered into a farm-out agreement with IPR Energy Resources for a 45 per cent participating interest at the South Disouq Concession, located in Egypt’s Nile Delta
Kurdistan Region of Iraq’s field to hit 140,000 bpd by August end
Oil production at Kurdistan Region of Iraq’s Taq Taq field will rise to 140,000 bpd by the end of August 2014, an official from Taq Taq Operating Company (TTOPCO) said