Gulf Keystone Petroleum (LON:GKP) said today that latest data from the Shaikan-4 appraisal well in the Kurdistan region of northern Iraq reinforced its view that the prospect is world class.
QNB Capital has said Gulf Cooperation Council countries’ hydrocarbon reserves are estimated to be worth around $65 trillion at current export prices, which accounts for almost a third of the $200 trillion value of world oil and gas reserves, Arab News…
Saudi Arabia, the world’s top oil exporter, said Monday it can pump more oil at a moment’s notice, the day after Iran warned Gulf oil producers not to compensate for any disruption to Iranian output.
An Economy expert saw that Basra province is eligible to be the most important oil city in the world during the coming years, explaining that there are several indicators on the evolution of the oil industry in the province. A professor of economics…
Iraq’s southern city of Basra is to emerge as the world’s largest oil center once current plans to boost the country’s oil output are completed, the Oil Ministry says.