ASHGABAT, Turkmenistan, July 6 (UPI) -- Turkmenistan announced developments in draft measures for exploration licenses to explore the hydrocarbon potential in the Caspian Sea.

TEHRAN, July 2 (UPI) -- Major investments in Iran's South Pars gas field will exploit billions of undeveloped reserves and provide a boost to the local economy, officials say.

BAGHDAD, June 17 (UPI) -- The Iraqi oil minister faced Parliament over the need to invite foreign companies to take part in the energy sector on the eve of the first post-war bids.

PORT OF SPAIN, Trinidad and Tobago, June 16 (UPI) -- Trinidad plans to expand a pipeline to Barbados amid plans to move forward with $155 million in investments for pipeline development with its island of Tobago.

TEHRAN, June 15 (UPI) -- Three percent of the national oil revenue will be allocated to developments at the offshore South Pars gas field in Iran, ministers say.

BAGHDAD, June 10 (UPI) -- The pending merger of Heritage Oil and Turkey's Genel Energy for oil developments in Iraqi Kurdistan may be a watershed for the region.

ABU DHABI , United Arab Emirates, June 2 (UPI) -- The billions of barrels of oil that remain in the ground in Kuwaiti and elsewhere suggest Arab countries need to review their business structure, officials say.

BEIJING, April 15 (UPI) -- A potential deal between Royal Dutch Shell and Chinese national oil companies in Iraq would increase the footprint of the Anglo-Dutch company in the nation.

TRIPOLI, Libya, April 14 (UPI) -- A high-ranking delegation from Russian gas giant Gazprom arrived Tuesday in Libya to discuss cooperation in the oil and gas sector.