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Two killed in Kemari oilfield explosion

KARACHI: At least two people were killed and eight sustained critical injuries after a powerful explosion in a tank at Kemari oilfield in Karachi. The giant tank was filled with sugar syrup when the explosion occurred. Rescue teams and other officials reached the scene and shifted injured to a hospital. Some of the injured were…

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April 7, 2018


Iraq reaches initial deal with China’s Zhenhua to develop East Baghdad oilfield

BAGHDAD: Iraq reached an initial deal with China‚Äôs state-run Zhenhua Oil to develop the southern portion of the East Baghdad oil field, the oil ministry spokesman said on Sunday, reported Reuters. Iraq is seeking the help of Zhenhua Oil to increase production from East Baghdad oilfield to 40,000 barrels per day within five years as…

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December 24, 2017


China buys into giant Kazakh oilfield for $5 bln

ASTANA: President Xi Jinping on Saturday will oversee China's entry into Kashagan, a vast oilfield in Kazakhstan, as he tours post-Soviet Central Asia to secure hydrocarbons for the world's largest energy consumer.The $5 billion deal futher increases China's rising clout in Central Asia, once Russia's imperial backyard, and blocks an attempt by global rival India…

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September 7, 2013


ONGC-ConocoPhillips strike $5 bln Kazakh oilfield deal

NEW DELHI: ConocoPhillips(COP.N) said it plans to sell its 8.4 percent stake in Kazakhstan's giant Kashagan oil field to Oil and Natural Gas Corp Ltd(ONGC.NS) for about $5 billion as the Indian company looks to make up for flagging production.Kashagan, the world's biggest oilfield discovery since 1968, holds an estimated 30 billion barrels of oil-in-place,…

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November 26, 2012


NATO air strike hits major oilfield in Libya

TRIPOLI: Libya said on Wednesday a British air strike had hit its major Sarir oilfield and damaged a pipeline connecting the deposit to a Mediterranean port. “British warplanes have attacked, have carried out an air strike against the Sarir oilfield which killed three oilfield guards and other employees at the field were also injured,” Deputy…

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April 6, 2011