Nostra Terra, Independent Resources acquire Egypt asset
A joint venture between Independent Resources and Nostra Terra Oil & Gas is acquiring a producing asset in Egypt
Industry
Iran plans new model for oil and gas projects
The government of Iran has approved a new model contract for oil and natural gas projects as it prepares to increase output with the help of foreign investors once international sanctions are lifted, according to reports
‘China economy outlook cause for oil market volatility’
China’s slowing economic growth and a bleak outlook is the main cause for volatility in global oil prices, finds a survey
Iran could soon resume oil exports to South Africa
A senior official has said South Africa, formerly a major trading partner, is keen to resume Iranian oil imports
Non-OPEC supply could be cut by half a million oil barrels, says IEA report
The International Energy Agency (IEA) has released its oil market report for the month, which reveals that the non-OPEC supply could be cut by nearly 0.5mb/d – the largest decline in more than two decades
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