Iraq
News
March 28, 2017
Genel Energy Plc sank to the lowest since the shares started trading after it reduced estimated reserves at its flagship oil field in Iraqi Kurdistan and scrapped an output forecast for the deposit.
News
March 16, 2017
Iran is on track to out-produce Qatar, the world’s biggest LNG exporter, at the vast natural gas deposit they share in the Persian Gulf. But as much as they might want, the Iranians won’t have much gas to export because they are likely to use most of the new production themselves.
News
March 16, 2017
Iraq pumped 4.57 MMbopd in February and plans to boost output later in the year even as the OPEC member reaffirmed its commitment to the group’s decision to cut production to counter a global glut.
News
March 10, 2017
Gazprom Neft Badra—a subsidiary of Gazprom Neft—has commissioned three new production wells (BD-2, P-14 and P-10) at Badra field in Iraq.
News
March 08, 2017
Iraq achieved production of 4 MMbopd in mid-2016, but the country plans to reach 5 MMbopd by the second half of 2017, said Jabbar Ali Al-Luiebi, Minister of Oil for the Republic of Iraq, during a ministerial address Tuesday at the 2017 CERAWeek conference.
News
March 06, 2017
OPEC will increase its production capacity by about twice as much as previously thought, led by expansion in Iran and Iraq, the International Energy Agency (IEA) said.
News
March 02, 2017
Iraqi oil shipments of about 105,000 bpd were halted briefly on Thursday after Kurdish troops seized control of a pumping station in disputed Kirkuk province and demanded that crude shipments to the country’s central government be stopped.
News
March 02, 2017
Iraq’s crude exports rose 1% by volume in February, contrasting with a decrease in monthly shipments by Saudi Arabia after both countries agreed to OPEC’s plan to cut oil production in an effort to prop up prices and trim a global oversupply.
News
February 22, 2017
LUKOIL and INPEX have successfully completed the testing of the first exploratory well, Eridu 1, at Block 10 in southern Iraq.
News
February 20, 2017
Rosneft has begun drilling of the first exploration well at the Block 12 in the Republic of Iraq.
News
February 16, 2017
Iraqi crude shipments rose 3% in the first half of February even after OPEC’s second-biggest producer agreed to participate in global output cuts to mop up a glut that has put pressure on oil prices.
News
February 13, 2017
Iraq’s oil exports are poised to slump to a seven-month low in March as ongoing maintenance at some of its biggest fields coincides with a seasonal slump in shipments, potentially helping the country to meet a pledge to OPEC that it would restrict crude supply.
News
February 01, 2017
Iraq won’t bar U.S. citizens from entering the country, Prime Minister Haider Al-Abadi said, averting a potential disruption to the oil industry of OPEC’s second-biggest producer.
News
January 23, 2017
The government of Iraqi Kurdistan paid international oil companies for the first time in seven weeks, as rising crude prices gave a much-needed boost to the region’s coffers.
News
January 10, 2017
Iraq has reduced its oil production by 160,000 bpd and will comply with cuts it agreed to make under an OPEC output deal, Oil Minister Jabbar Al-Luaibi said, even as ship loading data suggested that exports are set to increase next month.
News
January 09, 2017
DNO ASA, the Norwegian oil and gas operator, has announced that the Peshkabir-2 well currently drilling in the Kurdistan region of Iraq has discovered oil in the Cretaceous horizon in the southern flank of Peshkabir field.
News
January 09, 2017
Iraq’s oil exports from its southern ports in the Gulf reached a record high in December, just before the country was due to join other major producers in cutting output to help curb a global oversupply.
News
December 23, 2016
Oil rose to the highest close in more than a week as Iraq signaled that it would adhere to the OPEC production targets.
News
December 22, 2016
Iraq said most international oil companies working in the country, along with the nation’s semi-autonomous Kurds, have agreed to cut crude output to fulfill an OPEC accord.
News
December 20, 2016
The Rumaila Operating Organisation (ROO), composed of BP, PetroChina and the South Oil Company of Iraq, has announced that Rumaila oil field has produced 3 Bbbl of oil since the joint venture began operating in January 2010.
News
December 15, 2016
Petrofac has secured a contract worth $75 million from South Oil Company (SOC) for its Iraq Crude Oil Export Expansion Project (ICOEEP).
