KRI to make payments to oil companies
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)
Industry
LR Senergy pivots toward Middle East with key deals
Scotland-based firm LR Senergy has announced the signing of a raft of new contracts, including many in the Middle East
Two Iranian oil companies off EU’s sanction list
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
Petsec Energy opens new branch office in Dubai
Australia-listed Petsec Energy’s Middle East subsidiary has opened a new branch office in Dubai
ENOC seeks to expand across the GCC
Emirates National Oil Company (ENOC) has plans to expand in the region following the UAE government’s decision to deregulate fuel prices
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