Tag Archives | Organization of the Petroleum Exporting Countries

Iraq, Iran agree to Resolve Dispute on Joint Oil Fields

By Sara al-Qaher for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  On Feb. 20, the Iraqi Oil Ministry signed a memorandum of understanding with the Iranian Oil Ministry to settle disputes over the joint oil fields and examine the possibility of building […]

Iraq to Continue Supporting OPEC Oil Market Stabilization

The Iraqi Minister for Oil has committed to support the efforts of the Organization of the Petroleum Exporting Countries (OPEC) aimed at stabilization of the oil market. At a meeting in Baghdad on Wednesday, Minister Jabar Ali al-Luaibi [Allibi] told OPEC Secretary General, HE Mohammad Sanusi Barkindo: “Your visit comes at a time when Iraq […]

SOMO Denies OPEC Price War

By John Lee. The State Oil Marketing Organization (SOMO) has denied that it is waging a price war against other oil producers. The company recently slashed price to its Asian customers due to what it described as “changes in the market” but has denied that this was an attempt to undercut other members of the […]