King Abdullah bin Abdulaziz of Saudi Arabia, custodian of the two holy mosques, has ordered a halt to oil exploration operations to save hydrocarbon wealth for future generations, the official Saudi Press Agency (SPA) reported recently.
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Apache Corporation has announced that Egypt's Ministry of Petroleum has finalised the extension of the Khalda Offset and East Bahariya concessions in the Western Desert. The extensions will permit Apache to continue its exploration program across approximately 1.5mn acres.
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State-owned oil major China National Offshore Oil Corporation (CNOOC) is holding negotiations over the development of the Maysan (Misan) oil fields in southern Iraq, according to the Middle-Eastern nation's oil minister Hussain al-Shahristani.
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