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Tags: Iraqi, Baghdad, Hussein al-Shahristani, Kurdistan Halts Oil Exports, accepted iraq, oil minister, oil companies
Light sweet crude for October delivery rose $3.10 to $71.12 a barrel as the dollar fell to its lowest level against the euro this year, to $1.4535. The rise came as oil ministers from the producers' cartel Opec prepared to meet for a summit in Vienna.
Tags: Russian, Vienna, OPEC, Tajikistan, oil production, oil minister
Deputy Oil Minister Abdul Karim Louaibi told reporters the ministry had sent Sinopec a letter asking it about Addax, which is among foreign oil firms that have signed independent oil deals with semi-autonomous Kurdish authorities in northern Iraq. "The...
Tags: Iraqi Oil Ministry, Abdul Karim Louaibi, Istanbul, oil minister
The Iraqi Oil Minister will face questions from parliamentarians in Baghdad today over the first big auction of oilfield contracts since the 2003 United States-led invasion. Hussain al-Shahristani, who is due to announce winners for the first round of...
Tags: Iraqi, oil minister
A jump in oil prices in recent weeks on hopes of a global economic recovery has spurred oil companies to move on takeover opportunities. UK-listed oil Heritage Oil said last week it planned to merge privately-held Turkish rival Genel Energy and earlier...
Tags: Iraqi, oil bidding, oil minister, postwar oil, bidding round, oil companies
Saudi Arabia forecast prices eventually moving toward $US75 ($96) a barrel. Group of Eight energy ministers were meeting in Rome against the backdrop of a price rally that has sent oil prices to a six-month high of more than $US60 a barrel. "If oil prices...
Tags: oil price, Rome, Energy Ministers Meeting, energy summit, oil minister, Saudi Arabia, climate change, economic crisis, saudis arabia, energy efficiency
Right of Ronald Regan' is close to breaking the jinx that oil ministers don't get to reprise their role. No one has ever completed a full five year term as Petroleum Minister and none have ever been repeated. BJP's Ram Naik is the longest serving Oil...
Hussein Shahrestani said the Iraqi government was under no obligation to ensure that the companies were paid for oil sent through pipelines from Kurdistan into Iraq and then exported by the Iraqi government to international markets.
Tags: Iraqi, oil minister
The volatility in oil prices "poses serious risks" of future spikes as the global recession curbs investment in energy projects that would boost future supply, Saudi Arabia's oil minister said yesterday. "Price extremes have been unjustifiable and unsustainable,"...
Tags: oil price, Asian Ministerial Energy Roundtable, Tokyo, sweet crude, OPEC, price spike, oil minister
The Iranian general was speaking shortly after Israel mounted a new initiative to mount pressure on Moscow to confine its Tehran relations which cover a wide range of military sales to nuclear cooperation. Israel, the sole possessor of a nuclear warhead...
Tags: Iranian, Tehran, Israeli, Moscow, oil field, oil minister, Nasrollah Afjei