Tag Archives: Oil Minister

Indian companies expressed interest in investing in Farzad B oilfield which was approved by the Iranian president.

Saudi Aramco. the world’s biggest oil producer. is moving to invest in refineries overseas to help lock in demand for its crude.

Global benchmark Brent crude oil futures were trading at $70.78 a barrel at 0342 GMT.

There are five international companies that are competing to win the project.

The Bahraini government earned $4.3 billion in oil and gas revenue last year and ran a budget deficit of $2.7 billion.

The Bahraini government earned $4.3 billion in oil and gas revenue last year and ran a budget deficit of $2.7 billion.

Baghdad depends on the oil sector for more than 90 per cent of its revenue.

Luaibi did not say which countries have suggested a six- month extension of the agreement.

Saudi Arabia’s own 10-year U.S. dollar sovereign bond currently yields more than 4 percent.

The cost of developing the fields is estimated at $674 million. with an additional $68 million in indirect costs.