Industry Developments

Leaders from Iran, India and Pakistan are set to meet this August to resolve a number of issues concerning the US$8bn Iran/India gas pipeline and other supply deals between the three... 2006-07-24

Austrian energy group OMV has announced a second oil and gas discovery in Tunisia, less than five months after the first, in a boost to the country's small but growing upstream segment.... 2006-07-24

Kuwait's new Oil Minister Sheikh Ali Al Jarah Al Sabah is about to go public over his country's oil reserves position, following speculation that the Gulf state's oil resource base... 2006-07-20

Armed gunmen have abducted another senior figure in Iraq's oil industry as insurgents continue to disrupt the country's most vital export. The head of Iraq's North Oil Company, Adel... 2006-07-18

According to reports out of Baghdad, Iraq this year plans to invite international oil companies (IOCs) to help develop its key oilfields. Oil Minister Hussain al-Shahristani said... 2006-07-06

It has become increasingly apparent that a lack of modern refining capacity has contributed to the recent strength in oil markets. Saudi Arabia has argued that refining bottlenecks... 2006-06-29

Reports emerging from Iran indicate that Brazil's national oil firm Petrobras is in negotiations with Tehran over possible development work in the Caspian Sea. National oil firm National... 2006-06-26

Iraq's new oil minister has offered an optimistic forecast for the country's oil industry, saying that daily production has reached 2.5mn barrels a day (b/d) and that Iraq hoped to... 2006-06-26

In Amenas, one of a number of gas projects under development in Algeria, has come onstream and is expected to begin producing some 9bn cubic metres (bcm) of gas per year in couple... 2006-06-26

The newly installed managing director of US oil major Chevron's Nigerian subsidiary has outlined his company's intention to ramp up output in the country over the next couple of years.... 2006-06-23