Austria’s OMV has began production at Bina Bawi-3 well, located in the Kurdistan Region of Iraq, at the rate of 5,000 barrels of oil equivalent per day (boepd)
Dana Gas has announced that drilling at its Zora gas project, located 33km off the coast of UAE emirate Sharjah, will begin in Q3 2013
Saudi Arabia is likely to export more crude over the next few months due to increasing demand from Asian countries, according to the Kingdom’s Oil Ministry
Iraq’s Basra Gas Company (BGC), a joint venture between the state-run South Gas Company (SGC), Shell and Mitsubishi, has been processing around 11.3mn cubic metres per day of gas and has claimed it is on track to treat 56.6mn cubic metres per day by 2017
Oman’s Oil Ministry has signed an oil and gas exploration agreement with US-based PetroTel Incorporation as part of the countrys plan to increase its national crude oil production
