IRAN:
Iran supply problems add to fears of oil hitting $200 a barrel
The Iranian petroleum industry needs foreign investment and, despite the country’s vast oil and gas reserves, is struggling to maintain production levels, according to industry experts.
http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article3882663.ece
Iran Unaware of Shell, Repsol Plan to Quit
Iran said on Sunday that it has not been informed of any plan by Royal Dutch Shell Plc and Spain's Repsol to withdraw from a $10 billion natural gas project in the Middle East country.
http://english.farsnews.com/newstext.php?nn=8702160933
IRAK:
Iraq sets new May 18 deadline for bids to develop Akkas gas field
Iraq's oil ministry said Tuesday it has postponed the deadline for bids to develop the Akkas gas field, a prized natural gas field in western Iraq, until May 18.
http://www.pr-inside.com/iraq-sets-new-may-18-deadline-r573836.htm
Major Iraq oil deals likely to be signed in June
Talks between the Iraqi Oil Ministry and senior executives from the world’s largest oil companies are progressing and deals to develop the country’s prized oil fields are expected to be signed in June, people close to the Ministry said last week.
http://www.bi-me.com/main.php?id=19908&t=1&c=33&cg=4
SYRIA:
Syria triples the price of gas oil
Syria has more than tripled the price of gas oil in preparation to gradually liberalize the economy and remove subsidies on fuel.
http://www.presstv.ir/detail.aspx?id=54243§ionid=351020206
Syria raises wages by 25 percent over high prices
Syrian President Bashar al-Assad issued a decree on Saturday increasing public sector salaries by 25 percent to compensate for rising prices, state-run SANA news agency reported.
http://afp.google.com/article/ALeqM5jBVzj6bpIxlmXoHWy5EKwAqxBUVA
Total in Talks with Syrian Government to Renew Crude Oil PSA
Total S.A. (TOT) was holding talks with the Syrian government to renew a production sharing agreement signed in 1988, the company said in statement Tuesday.
http://www.easybourse.com/bourse-actualite/total/total-in-talks-with-syrian-government-to-renew-crude-oil-FR0000120271-429350
TURKEY:
Europe ties Nabucco deals with Turkey and Arab gas
Iraq, Egypt, Jordan Lebanon and Syria all pledged gas supplies that would be routed through the AGP to Turkey, and into the Nabucco pipeline to Europe, Radio Free Europe/Radio Liberty reports. AGP currently sends Egyptian gas through Jordan to Syria and soon to Lebanon. Work is being done to extend it from Syria to Turkey.
http://www.upi.com/International_Security/Energy/Analysis/2008/05/06/analysis_oil_and_gas_pipeline_watch/1982/
Turkey to increase commercial ties with Iran
Turkish State Minister Kursad Tuzmen said Wednesday Turkish exports to Iran would surpass two billion USD in 2008. Addressing a meeting aiming at boosting commercial relations between Turkey and Iran in Tehran, Tuzmen said that Turkey intended to increase trade volume with Iran to 20 billion USD by the end of 2011.
http://www.thenewanatolian.com/tna-32224.html |
