Iranian NIOC and Gazprom ink cooperation MOU worth $40 billi

This MoU will be the largest foreign investment in the history of Irans oil industry, as it will lead to an investment of several tens of billions of dollars of Russian investment in Irans oil gas fields Teheran, July 19 - Neftegaz.RU.Natio...

Shell Invests in Qatar LNG North Field East Project

Shell buys 25% stake in Qatar LNG North Field East expansion project which will have capacity of 32mn tonnes a year. Shell has been selected by QatarEnergy as a partner in the North Field East expansion project and will hold a 25% share in...

Algeria makes significant gas find

Sonatrach has found up to 340 bcm of gas in Algerias Sahara Desert, the Algerian NOC announced on Monday. The discovery lies close to the producing Hassi RMel field located around 550 kilometres from Algiers and is one of the largest finds...

CNPC intends to broadening cooperation with Turkmenistan

ASHGABAT. June 21 (Interfax) - Turkmen President Serdar Berdimuhamedow and China National Petroleum Corporation (CNPC) Director and President Hou Qijun discussed the prospects of cooperation in the gas sector at their meeting, the Turkmenis...

Total Energies joins Qatar in world’s largest LNG project

Total Energies has been selected as a joint venture partner by NOC QatarEnergy to develop its North Field East LNG project, the French super-major announced on Sunday. The agreement will see TotalEnergies take a 25% stake in the newly forme...

Kuwait to building world’s largest petroleum research centr

Kuwait plans to start building the worlds largest petroleum research centre by the end of the year, the oil ministry said on Twitter on Wednesday. The Middle East Economic Digest said the project had stalled because of budget pressure, esti...