BAGHDAD: THE state-owned Iraqi Midland Oil Company said on Monday that it has discovered huge oil reserves in the East Baghdad oil field, reported...

BAGHDAD, Jan. 20 (Xinhua) -- The state-owned Iraqi Midland Oil Company said on Monday that it has discovered huge oil reserves in the East Baghdad oil...

Egypt has confirmed the discovery of at least eight million barrels of oil in the East Crystal-1 well in the Gulf of Suez, the petroleum ministry...

Baghdad: Deputy Oil Minister Ali Maarij stated that the ministry aims to increase oil production to around 7 million barrels per day over the next...

Chevron has announced today that its 50 percent owned affiliate Tengizchevroil LLP (TCO) has started oil production at its Future Growth Project (FGP)...

The energy giant is spending nearly $50 billion to expand the Tengiz oil field, allowing it to pump one million barrels a day.

Since the Russian invasion of Ukraine, India has become one of the largest buyers of Russian oil, with imports now accounting for 40% of its total...

 The Dangote Petroleum Refinery is awaiting up to 12 million barrels of crude oil from the United States.The refinery resorted to crude importation...

Ovintiv has closed the previously announced acquisition of certain Montney assets from Paramount Resources. The acquisition adds approx. 70,000...

Baghdad: The total sales of the Iraqi Central Bank of the US dollar reached over $1.4 billion during the past week.