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China has proposed to buy five per cent shares of Saudi Arabia’s Aramco, which is the world’s biggest oil company. China made the proposal weeks ago, and the country’s state-owned PetroChina and Sinopec, assisted by banks, are eager to buy Read more
PetroChina can become the biggest investor in Iraq’s oil ventures if the negotiations it is engaged in turn out to be successful. It wants to be engaged in the development of the West Qurna oilfield, 50 km northwest of the Read more
Iraq is boosting oil output with the start of production in one of its major oil fields located in the southern region. It is the Halfaya field whose production is expected to reach in a first phase an average of Read more