- TNK-BP said Wednesday that it planned to form a joint venture with Iraq Oil Company for Oil Investments, a private company known as IOCOI, to develop oil and gas fields in the Persian Gulf nation. (Bloomberg)
- Mechel shareholders may cut the sale price of preferred shares they plan to offer in New York to $18.5 each, from a previous price range of $21 to $27.60, Interfax reported Wednesday, citing unidentified officials. (Bloomberg)
- Dragon Oil, the London-listed energy explorer focusing on projects in Turkmenistan, may have to delay its gas project there after European demand declined, nonexecutive chairman Mohammed Al Ghurair said Wednesday. (Bloomberg)
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