Iran has issued contracts worth US$2.6 billion to Khatam Al-Anbia, a company controlled by the Revolutionary Guards.
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LUKOIL is looking into replacing its reserves over the medium term and is considering acquiring new assets to achieve this, including from the Middle East region.
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Circle Oil PLC announced that the ADD-1 exploration well has been drilled, logged and successfully tested in the Sebou Permit, Rharb Basin, Morocco.
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International oil and gas companies will compete for access to another 12 oil and gas projects in Iraq in November, this time to prospect on exploration blocks.
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