By John Lee. Reliance Industries Chairman, Mukesh Ambani (pictured), has told reporters that his company is exploring investment opportunities in Iraq. "We are evaluating all opportunities in the Iraqi oil and gas sector. But so far, nothing has been finalised and we will take a call on this -- both the downstream and upstream assets […]
Erbil Governorate has compiled and published a list of the top oil companies in Kurdistan [Note: This list was originally compiled and published by Marcopolis - Ed.]. Please click here to see a list of oil companies with licences granted by the Ministry of Oil in Baghdad. [NEW: An updated list can now be found […]
By John Lee. Iraq's Petroleum Contracts and Licensing Directorate (PCLD) has announced that seven international oil companies (IOCs) have been selected to bid for the development of its Nasiriya oilfield and refinery: Zarubezhneft, from Russia (Up and Downstream); CNPC, from China (Downstream); Brown Energy, from US (Downstream); Reliance Industries, from India (Up & Downstream); Lukoil, […]
By John Lee. Two oil executives in the Kurdistan Region have told Reuters that Chevron is purchasing 80 percent of the Sarta and Rovi blocks from India's Reliance Industries. Austria's OMV holds the other 20 percent interest in Sarta/Rovi. Chevron reportedly declined to comment on Wednesday, saying that it continued to be interested in pursuing […]
ONGC Videsh Ltd (OVL), the overseas arm of the Indian state-owned Oil and Natural Gas Corp (ONGC), may invest over $ 1.5 billion in exploring for oil in Iraq in a block that was awarded to it by the regime of Saddam Hussein, according to a report in the Economic Times. “We are nearing finality […]
Reliance Industries, owner of the world’s largest refining complex, plans to start exploration at two oil blocks in Kurdistan this year. Reliance, controlled by billionaire Mukesh Ambani, invited contractors to bid for work to begin extended well testing at its Rovi and Sarta blocks starting in the fourth quarter, a tender document shows. The studies […]
