oil projects

Azerbaijan buys 10 tonnes of gold


September 19th, 2012 - 1:16 pm ICT by IANS
Baku, Sep 19 (IANS) The Azerbaijan State Oil Fund has bought 10 tonnes of gold to increase the diversification and profitability of its investment portfolio, the Fund's CEO Shakhmar Movsumov ... Read more...

Posted in Business |

Mexican firm eyeing Cuba offshore oil projects


April 13th, 2012 - 11:04 am ICT by IANS
Havana, April 13 (IANS/EFE) Mexican President Felipe Calderon said his country's state-owned oil company, Petroleos Mexicanos, is considering participating and investing in crude and natural gas exploration and production projects ... Read more...

Posted in Business |

Abu Dhabi invests $30 bn in new oil projects


November 2nd, 2010 - 1:10 am ICT by IANS
Abu Dhabi, Nov 1 (IANS/WAM) Abu Dhabi has invested over $30 billion in new oil projects to boost oil production to 3.5 million barrels per day by the end of this year.The ... Read more...

Posted in Business |

India keen to invest in Sudan’s oil projects


October 30th, 2010 - 9:16 pm ICT by ANI
New Delhi, Oct.30 (ANI): India and Sudan on Saturday expressed their desire to expand their cooperation in the oil and gas sector.The two countries, following a bilateral meet held today, decided to ... Read more...

Posted in National |

Venezuela gets $36 bn in oil investment from Russia, China


September 17th, 2009 - 12:08 pm ICT by IANS
Caracas, Sep 17 (EFE) Chinese and Russian companies have agreed to invest a combined $36 billion in oil projects in the Orinoco Belt, Venezuelan President Hugo Chavez has said. The president said state-owned ... Read more...

Posted in Business |

Chennai firm bags $81-mn Iraqi order


July 27th, 2009 - 5:02 pm ICT by IANS
Chennai, July 27 (IANS) The city-based engineering, procurement and construction company BGR Energy Systems has been awarded a $80.5-million contract by Iraq's State Company for Oil Projects (SCOP). According to BGR Energy, the ... Read more...

Posted in Business |

Iraq, Iran may ink oil deal: minister


February 6th, 2009 - 2:01 pm ICT by IANS
Baghdad, Feb 6 (IANS) Iraq’s Oil Minister Hussein al-Shahristani has said that the Iran-Iraq talks on joint oilfields were going ahead well and an oil deal was expected to be signed by ... Read more...

Posted in World |

UAE reduces oil output


November 3rd, 2008 - 7:04 pm ICT by IANS
Abu Dhabi, Nov 3 (IANS) The United Arab Emirates (UAE) has reduced its crude oil output in accordance with the agreement reached by the Organization Of Petroleum Countries (OPEC) Oct 24, WAM ... Read more...

Posted in World |

Gulf crude output to inrease by 10 mn bpd by 2015


September 8th, 2008 - 3:13 pm ICT by IANS
Abu Dhabi, Sep 8 (Xinhua) The combined oil production capacity in the oil-rich Gulf region is expected to increase by about 10 million barrels per day (bpd) by 2015 as a result ... Read more...

Posted in Uncategorized |

Kuwait to raise oil output by 300,000 bpd next year


June 24th, 2008 - 7:41 pm ICT by IANS
DPA Kuwait City, June 24 (DPA) Kuwaiti Minister of Oil Mohamed al-Olaim has pledged that Kuwait would raise its oil production by 300,000 barrels per day (bpd) by mid-2009 and invest $55 billion ... Read more...

Posted in World |

BGR Energy bags oil storage tanks order from Iraq


June 6th, 2008 - 12:41 am ICT by IANS
Chennai, June 5 (IANS) Engineering design and fabrication company BGR Energy Systems has bagged a contract worth around $9.2 million to design and manufacture 70 oil product storage tanks for Iraq's State ... Read more...

Posted in Business |

No shortage of oil in the market: OPEC


May 9th, 2008 - 11:50 am ICT by admin
Vienna, May 9 (IANS) The Organisation of Petroleum Exporting Countries (OPEC) has said that there was no shortage of oil in the world market and the organisation would act if the market ... Read more...

Posted in Business |

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