Russia’s Lukoil has signed an addendum to the contract for development and production of oil in Iraq’s West Qurna-2 field
Exploration & Production
Petsec Energy increases its stake in Yemeni oil block
Australian oil and gas exploration firm Petsec Energy has agreed to acquire Mitsui E&P Middle East’s 8.5 per cent stake in Yemen’s onshore Block 7
Gazprom Neft begins oil production in Iraqi field
Gazprom Neft has announced that it has began production at the Badra oilfield in Iraq
Italian agency to finance modernisation of Sohar Refinery in Oman
Italian export credit agency SACE has guaranteed US$100mn allocated by HSBC Bank for financing the modernisation of Sohar Refinery, which is owned and operated by Oman Oil Refineries and Petroleum Industries (ORPIC)
Mubadala Petroleum to sell complete stake in offshore Thai oil block
Mubadala Petroleum will sell its entire stake in a Thai oil block to an upstream oil and gas firm KrisEnergy for US$102.5mn
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