BP and Royal Dutch Shell are close to finalising preliminary agreements to evaluate exploration and production opportunities in Iran, the International Oil Daily has reported. The imminent deals represent a major breakthrough for international oil companies in Iran and delivers…
Tag: BP
Oil and power to top EIC Middle East conference agenda
Abu Dhabi, 27 May 2015: Abu Dhabi National Oil Company (ADNOC), BP, Shell, MASDAR, Emirates Nuclear Energy Corporation (ENEC) and ACWA Power will join leading contractors Fluor, Petrofac, and McDermott at the Energy Industries Council’s (EIC) biennial event initiative for…
The struggle for mastery of Iraq’s $20tn oil and gas reserves
According to the annual BP Statistical Review of World Energy published this month, Iraq has 150bn barrels of proven crude oil reserves. Its126.7tn standard cubic feet (scf) of natural gas reserves is the equivalent of a further 21bn barrels.…