Iraq
News
January 28, 2015
The battle for customers among OPEC members that helped trigger oil’s collapse is about to escalate.
News
January 27, 2015
An oil tanker that hauled 1 MMbbl of Kurdish crude to the U.S. six months ago didn’t unload its cargo and is now making a return trip across the Atlantic Ocean with the shipment still on board.
News
January 21, 2015
Iraq said it needs to boost production and exports of crude to compensate for collapsing prices.
News
January 21, 2015
Oil producers in Iraqi Kurdistan are unrelenting in their goal to boost output even after the collapse in international prices to below $50/bbl.
News
January 19, 2015
BAGHDAD, Iraq (Bloomberg) -- Iraq is pumping crude at a record pace and will continue to boost exports this year amid a global market glut that’s pushed prices down, Oil Minister Adel Abdul Mahdi said.
News
January 07, 2015
LONDON -- Wood Group Intetech (WG Intetech) has successfully completed a six-month project for MOL Group, headquartered in Budapest, Hungary. The project saw WG Intetech develop a detailed design for an acid gas reinjection well on MOL Group’s Akri-Bijeel field in Iraq. The scope of the agreement included well design and comprehensive materials selection for all well components.
News
January 03, 2015
MOSCOW (Bloomberg) -- Oil supplies in Iraq and Russia surged to the highest level in decades, signaling no respite in early 2015 from the glut that has pushed crude prices to their lowest in five years.
News
December 30, 2014
ST. PETERSBURG, Russia -- Gazprom Neft has brought a third well into production at Iraq’s Badra oil field. The commissioning of this third well ensures the sustainable production of at least 15,000 bopd. Drilling of a further three wells at Badra field is continuing, under a contract previously concluded with China’s ZPEC.
News
December 26, 2014
ABU DHABI (Bloomberg) -- OPEC will need to “step in” amid further declines in oil prices, which are fair at about $70/bbl to $80/bbl, according to the group’s second-biggest producer.
