Latest Middle East Oil News

AXP Energy has cemented a foothold in Syria’s reopening oil sector with a 25% farm-in to Block 9, while its Oklahoma operations deliver rising production and first oil sales. The company faces cash flow pressures but is actively pursuing multiple funding avenues.

SRJ Technologies has made significant strides in its three-year growth plan, securing a $6 million joint venture with a Middle East National Oil Company and raising £1.4 million to fund its regional expansion.