State-run Kuwait Oil Company has invited interest from contractors for services to enhance oil recovery, as part of the Opec member’s plans to boost its production potential. For full story, click here
Continue reading "Kuwait Sought Interest in Enhanced Oil Recovery"
Friday, July 3, 2009
Venezuela will demand that oil companies pay an high premium of between $500 million and $1 billion to participate in the development of the Carabobo oil block in the OPEC nation’s giant Orinoco heavy crude belt. For full story, click here
Continue reading "Venezuala has set minimum $500 mln premium for Carabobo"
Tuesday, November 4, 2008
The oil producing country exports 900 mm to 960 million barrels of light and heavy oil from Kharg oil terminal annually. Mousa Souri, MD of Iran’s Oil Terminals Company, said: Heavy oil export of the country is more than the light one adding that based on the quota set by Opec, Iran exports 900million to 960million barrels [...]
Continue reading "Iran Exports 960 milion Barrels of heavy oil annually"
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Monday, August 3, 2009