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Middle East & South Asia

Iran have targeted a new group of clients in China to sell its crude oil – a plan which may lead to an increase in imports from the country and so far more intense rivalry between it and the giant producer Saudi Arabia.   According to traders, Tehran has already…
The first deals of the new generation of Iran’s oil sector contracts still need revisions but will be nonetheless awarded within the next few months, Iranian Oil Minister, Bijan Zanganeh said.    Zangeneh said that the government is yet to approve the new contracts, adding that the first deal is…
Five years ago, energy companies hungry for the next big thing started planning as many as 90 terminals to send natural gas around the globe. Now, it seems the world only needs five more. Consulting firm IHS Inc. says only one in every 20 projects planned are actually necessary by…
Cairn India Ltd., the nation’s biggest onshore oil driller, is targeting an 18% increase in output from its wells in the northern state of Rajasthan in January as it revives older fields in its largest producing block, according to company and government officials. The company’s crude equivalent output from the…
Genie Energy says preliminary evidence from the exploratory wells drilled by its Afek subsidiary in Northern Israel confirms the existence of significant quantities of oil and gas within its exploratory license area. The company does not yet have sufficient evidence to determine whether this or any part of the resource…
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