Iraq’s Federal Oil Ministry has announced its plan to auction the Nassiriya oilfield to more than 50 oil companies on 19 December 2013
Industry
Azerbaijani firm to invest in Libyan oil and gas sector
Azerbaijan Methanol Company (AzMeCo) has revealed plans to invest in the construction and development of petrochemical and oil refinery plants in Libya
Iraq’s crude exports decline in March
Iraq’s crude exports for the month of March 2013 dropped to 2.417mn bpd from 2.538mn bpd in February 2013, according to the latest figures from the countrys Federal Oil Ministry
Petrofac awarded US$500 million contract offshore Abu Dhabi
Petrofac has been awarded a US$500mn engineering, procurement, installation and commissioning contract by Abu Dhabi Marine Operating Company (ADMA-OPCO) for the Satah Al Razboot (SARB) Package 3 Project offshore Abu Dhabi
Libya to supply oil on credit to Egypt
Libya has announced plans to supply one million barrels of oil a month to Egypt on credit in a move that would provide the latter with relief from fuel shortages