Iraq
News
October 25, 2018
Iraq will increase oil output and work with other OPEC nations to assure “fair” prices for buyers and producers, according to the nation’s new Oil Minister Thamir Ghadhban.
News
October 22, 2018
Iraq is fast becoming a global oil powerhouse, gaining stature in OPEC after it surpassed Canada this year as the world’s fourth-biggest producer. But the war-ravaged country has little to show for its feat.
News
October 17, 2018
The Trump administration intervened to quash a $15 billion deal for Siemens Corp. to develop power stations in Iraq, instead persuading Baghdad to sign an agreement with General Electric Co., two administration officials said.
News
October 09, 2018
DNO ASA, the Norwegian oil and gas operator, today announced production at Peshkabir field in the Kurdistan region of Iraq has ramped up to 50,000 bopd, meeting the end-2018 target ahead of schedule and below budget.
News
October 08, 2018
Petrofac’s Engineering & Production Services (EPS) East business has secured a four-year renewal of a contract for maintenance management services for an international oil company client in Iraq.
News
October 02, 2018
Iraq exported more than 4 MMbpd for a second consecutive month in September as buyers sought alternative supplies to Iran ahead of U.S. sanctions.
News
September 09, 2018
Iraq is pumping crude at record levels and the violent street protests that engulfed the oil-rich south have not affected energy facilities in OPEC’s No. 2 producer.
News
August 29, 2018
Iraq sees a need to increase crude exports and says it’s ready to ship more as soon as OPEC agrees how members will share a collective supply boost, according to the acting director-general of the state-run Oil Marketing Co.
News
August 16, 2018
DNO ASA, the Norwegian oil and gas operator, today announced plans for its first dividend distribution to shareholders in 13 years following release of strong half-year 2018 results, including revenues of $289 million, which were up 83% from the same period last year.
News
August 13, 2018
Petrofac has been awarded a contract worth around $370 million by Basra Oil Company (BOC) for expansion of the Central Processing Facility (CPF), located in Majnoon field, Southern Iraq.
News
July 30, 2018
DNO ASA, the Norwegian oil and gas operator, has announced that a fourth well has been put on production at Peshkabir field in the Kurdistan region of Iraq, pushing total output past the previously published target of 30,000 bopd.
News
July 17, 2018
Iraq exported oil at the fastest pace since late 2016 during the first half of July, indicating OPEC’s second-largest producer is pumping more after the group eased production limits.
News
July 17, 2018
DNO ASA, the Norwegian oil and gas operator, today announced a two-thirds increase in production from Peshkabir field--which is in the Tawke license, in the Kurdistan region of Iraq--to 25,000 bopd, following completion of the Peshkabir-4 well testing program.
News
July 16, 2018
Iraq is pumping oil at normal levels even as protests spread across the southern region from where OPEC’s second-biggest producer exports most of its crude, according to a government spokesman.
News
June 17, 2018
Iran says Venezuela and Iraq will join it in blocking a proposal to increase oil production that’s backed by Saudi Arabia and Russia when OPEC and its allies meet in Vienna this week.
News
June 11, 2018
Iraq said OPEC should resist pressure to increase oil supplies, strengthening opposition to plans by Saudi Arabia as the group prepares to meet next week.
News
May 11, 2018
Lukoil and the Basra Oil Company signed a development plan for West Qurna-2 field that provides for an oil production plateau of 800,000 bpd. According to the plan, the oil production of 480,000 bpd will be reached in 2020 and 800,000 bpd is expected in 2025.
News
May 02, 2018
OPEC and Russia seem determined to keep on cutting production even after their campaign to rebalance world oil markets achieved its main target. The primary justification for doing so looks shaky.
News
April 26, 2018
Iraq awarded contracts for just over half of the energy deposits offered in an auction that failed to attract bids from most of the big oil companies that initially expressed interest.
News
April 25, 2018
Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has commissioned a second well — the Sarqala-2 — at its Sarqala field (within the Garmian block), located in the Kurdistan Region of Iraq (KRI).
News
April 12, 2018
Iraq delayed an international auction of rights to 11 of its oil and natural gas deposits, pushing back the bidding date after introducing changes to the contract, according to people familiar with the matter.
