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Genel Energy Sees 2012 Revenue Ahead of Views at $330M

Genel Energy Sees 2012 Revenue Ahead of Views at $330M

Oil company Genel Energy PLC (GENL.LN) Friday said it expects 2012 revenue to be about $330 million, ahead of previous guidance, even though production for the full year 2012 was in line with guidance at 44,500 barrels of oil a day.

Iraq, Lukoil to Cut West Qurna-2 Oilfield Output Target 33%

Iraq, Lukoil to Cut West Qurna-2 Oilfield Output Target 33%

The Iraqi oil ministry and OAO Lukoil Holdings (LKOH.RS) Thursday signed an amended contract to cut the production target from Iraq's West Qurna-2 oil field 33%, a senior Iraqi oil official said Thursday.

Major Libyan Oil Terminal Remains Closed, Exports Delayed

Major Libyan Oil Terminal Remains Closed, Exports Delayed

The Zueitina oil terminal in Libya remains shut, almost a month after demonstrators forced the closure of the major oil exporting hub, a shipping agent told Dow Jones Newswires Thursday.

Turkish President Ratifies Agreement on TANAP

Turkish President Ratifies Agreement on TANAP

President of Turkey Abdulla Gul ratified an intergovernmental agreement on implementation of the Transanatolian gas pipeline project (TANAP).

Saudi Cabinet to Review Power Grid Project With Egypt by Feb

Saudi Cabinet to Review Power Grid Project With Egypt by Feb

Saudi Arabia's cabinet will likely review next month a $1.5 billion project linking the power grids of the kingdom with Egypt, Saudi water and electricity minister Abdullah Al-Hussayen said Wednesday.

Turkey And France To Resume Nuclear Plant Talks

Turkey And France To Resume Nuclear Plant Talks

Turkey and France have agreed to resume talks on civilian nuclear energy at a time Ankara plans to build three plants within the next five years, French Foreign Trade Minister Nicole Bricq said Wednesday.