The Kurdistan Regional Government (KRG) will allocate a portion of the revenue from its direct crude oil sales to the producing international oil companies (IOCs)

Scotland-based firm LR Senergy has announced the signing of a raft of new contracts, including many in the Middle East

The EU has removed two Iranian oil companies from its sanctions list, the first such action since Iran reached a nuclear agreement with world powers earlier this month, a notice from the UK’s Finance Ministry has revealed

Australia-listed Petsec Energy’s Middle East subsidiary has opened a new branch office in Dubai

Emirates National Oil Company (ENOC) has plans to expand in the region following the UAE government’s decision to deregulate fuel prices