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Middle East & South Asia

Gazprom Neft has acquired additional licenses for geological prospecting, exploration and development at the Yuilsky-3, Lyaminskiy-6 and Severo-Ityakhskiy-1 Blocks, all of which are in the Khanty- Mansiysk Autonomous Okrug. The Yuilsky-3 Block, in the Khanty-Mansiyskiy district, covers an area of 895.7 km2. Forecast recoverable reserves are estimated at 26.5 million…
Iran will withdraw up to $4.8 billion from its sovereign wealth fund to spend on developing its oil and gas fields next fiscal year under a proposal approved by parliament. The decision to dip into the National Development Fund underlines the heavy financial pressure which Iran faces from low oil…
GNRL Oil & Gas Limited (formerly Heramec Limited and a subsidiary of Gujarat Natural Resources Limited) has announced a new oil discovery in Mehsana formation in the newly drilled well North Dholasan-1A in the Dholasan field, onshore India   Presently, the well is under production testing to determine whether the…
  British Petroleum Azerbaijan International Operating Company (AIOC) said it has begun construction of the Azeri pipeline project according to a company release. At the Southern Gas Corridor, the pipeline is expected to eventually transport 16 billion cubic meters per year of gas from the Shah Deniz gas field, the…
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