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Iranian Energy Minister: Iraq to open euro bank account to pay Iran’s energy debts

Iraq relies heavily on Iranian gas to feed several power plants across the country, while Iranian electricity exports also account for a major part of the country’s power supply.


Kazakhstan to create oil & gas engineering development international centre

An International Center for the Development of Oil and Gas Engineering will be created in Kazakhstan, the office of the Kazakh prime minister said on December 1.


Priorities of Turkmengas: from export of pipeline gas to its deep processing

Chairman of the Turkmen State Concern “Turkmengas” Batyr Amanov at the International Conference “Sustainable cooperation in the energy sector is an important condition for universal development” said that one of the main components of the country’s diplomacy is creating favorable conditions for international cooperation.


Inteko MC will supply a drilling rig for the partner company

In the nearest time Inteko MC plans to supply the SG-20 self-propelled drilling rig and F-500 pump unit.


Inteco MC will supply BOP equipment to petroleum companies in Turkmenistan

The blowout prevention equipment is used during drilling of oil and gas wells.


Turkmenistan considers opportunities to attract investment to Caspian Sea

Turkmenistan has considered the possibility of attracting investment in the marine blocks of the Turkmen sector of the Caspian Sea, Trend reports with reference to Nebit-Gaz newspaper.


Canada’s Cenovus to buy Husky for $2.9 billion as pandemic drives oil mergers

Cenovus Energy Inc (TO:CVE) has agreed to buy rival Husky Energy Inc (TO:HSE) in an all-stock deal valued at C$3.8 billion ($2.9 billion) to create Canada’s No. 3 oil and gas producer, as a pandemic-driven collapse in demand forces the industry to consolidate.


INTECO MC manufacturing plant developed a heated box for the BOP throttling and killing unit

This novelty box is particularly important for the cold regions where it is necessary to keep the equipment warm and to maintain constant temperature.


ConocoPhillips to buy Concho Resources for $9.7 billion in 2020’s top shale deal

ConocoPhillips (N:COP) on Monday agreed to buy U.S. shale oil producer Concho Resources Inc (N:CXO) for $9.7 billion, as the energy sector consolidates further on the back of lower fuel prices and demand.


INTECO MC leased a machining unit for BOP ram blocks

Leasing of the machining unit was caused by operational needs.


Maduro: Oil revenue down 99% due to US sanctions, but Iran helping

Venezuelan President Nicolas Maduro has said that US financial sanctions have caused Venezuela’s oil revenue to plunge 99% over the last 6 years.