Honghua Group was awarded a contract worth more than US$300mn by National Drilling Company (NDC) to provide drilling rigs suitable for working on islands.

National Iranian Oil Company (NIOC) and Russia's Tatneft agreed a deal worth around US$700mn to develop the Zagheh heavy crude oilfield based in southwest Iran.

OPEC ministers agreed to a new crude production ceiling of 30mn bpd that covers all 12 members, including Libya and Iraq.

Shell and Turkish Petroleum Corporation (TPAO) signed a deal to conduct oil and natural exploration in the south east of the country and off its Mediterranean coast.

Aggreko has been awarded the Abu Dhabi Crude Oil Pipeline (ADCOP) load testing contract by China Petroleum Engineering & Construction Corporation (CPECC).