Latest news
Italy’s Eni makes a significant oil discovery in Egypt
Italy’s energy giant Eni unveiled an important oil find in Egypt's Western Desert, at the Emry Deep exploration prospect, located in the Meleiha Concession, 290 kilometres southwest of the port city of Alexandria.
read more... 25/05/2012
Rosneft to strike a $2.5 billion Arctic deal with Statoil
The Russian state oil giant Rosneft announced that it inked a $2.5 billion Arctic exploration deal with Norway's major Statoil on Saturday, move that will allow companies to jointly develop four hydrocarbon deposits in Russia's Arctic and Far East.
read more... 07/05/2012
Iranian oil output at the lowest level in 20 years, hit by sanctions
Iran’s oil output has dipped to the lowest level in 20 years, as the international sanctions imposed on Teheran started to show their impact, according to independent data released on Wednesday.
read more... 03/05/2012
Iraq raised oil exports to 2.508 mln bpd in April
According to the head State Oil Marketing Organization Iraq’s exports of crude oil increased to 2.508 million barrel per day in April from 2.317 million barrels per day in March.
read more... 01/05/2012
BP to register a drop in its profit
BP registered a drop in its profit higher than expected because of weaker production prompted by the need to sell oil fields in order to pay for the disaster occurred in the Gulf of Mexico.
read more... 01/05/2012