Oil Minister Jabbar Al-Luiebi also says oil production of Basra and southern fields have increased
Total recoverable oil reserves at 5 blocks could be about 670 million barrels
Abu Kamash is the site of one of the oil-rich North African country's largest petrochemical complexes, near the Tunisian border some 170 kilometres (100 miles) west of Tripoli.
Reduction in price volatility is key, says Russian minister Novak
Energy demand will shift to Asia-Pacific region amid development of new markets over next decade
Russia is implementing oil production cuts beyond what was agreed, Barkindo says
Memo leaked on social media deepens public suspicion about government's fight against corruption
KRG's economic clout, driven by oil revenue, could be at risk if Turkey objects to independence vote, energy expert says
The move was seen as a bid to weather US-imposed sanctions on the embattled country.
The International Energy Agency also said production by the OPEC cartel and its allies fell in August and compliance with their pact to cut supply to the markets increased.
The coastguard said an entire bay on the southeast of the island had been affected after the Agia Zoni II, carrying 2,500 metric tonnes of fuel, sank.
The country is notorious for widespread corruption but in recent months has waged a crackdown on banking executives and government officials accused of graft, mismanagement or worse.
Price of gasoline rising as quarter of country’s oil refining capacity taken offline
Tanker was loaded with 6 million liters of contraband fuel
Harvey rolled over the US Gulf Coast and slammed into Texas on Friday as a huge Category 4 hurricane, sparking floods and mass evacuations, and prompting many oil refineries and ports to shut down.
The company said the deal would make Total the second-largest operator in the North Sea, with substantial operations in Britain, Norway and Denmark.
The ultra-conservative kingdom has moved to diversify its traditionally oil-dependent economy following a sharp fall in crude prices.
In its monthly report on the global oil market, the International Energy Agency said, however, that it believes the supply glut is easing, partly because demand is growing faster.
"Two sets of alternative financing agreements on Joint Venture (JV) projects to boost reserves and production in line with government's aspiration were executed in London on Monday," said a statement by the Nigerian National Petroleum Corporation (NNPC) in Abuja.
BP, Chevron, ExxonMobil, Shell and Total have all published results in recent days, showing they pocketed $23 billion in net profit in the first half fo the year.
Both main crude contracts made strong gains, with WTI testing $50 a barrel for the first time since late May and Brent heading towards $53, while mining giants BHP Billiton and Rio Tinto saw their share price rise as commodities strengthened.