The Organisation of Petroleum Exporting Countries (Opec) in March saw output fall for the first time in a year as a large drop in Iraqi production outweighed a small increase by quota-bound members, a survey by Dow Jones Newswires showed yesterday. The survey, which is based on input from oil traders, analysts and industry sources, […]
Archive | Iraq Oil & Gas News
Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
Tags: Oil & Gas
Debts and Doubts Delay Kirkuk-Cehyan Oil Pipeline Renewal
The delay in the renewal of the agreement for the operation of the Kirkuk-Ceyhan oil pipeline has served a timely reminder of the many obstacles that still have to be overcome to fulfill its potential, both as an export route for Iraq and as a source of transit revenue for Turkey.
Debts and Doubts Delay Kirkuk-Cehyan Oil Pipeline
By Energy Hedge Funds Syndicate The delay in the renewal of the agreement for the operation of the Kirkuk-Ceyhan oil pipeline has served as a reminder of the many obstacles that still have to be overcome if the line is ever to fulfill its potential, both as an export route for Iraq and as a […]
BP Awards $500mn Oil Services Contracts in Iraq
BP and partner CNPC have awarded $500 million drilling contracts to raise production from the Rumaila oil field.
Shell Holds Talks on Iraq Plan to Capture, Sell Gas
Royal Dutch Shell Plc, which won contracts last year to develop two Iraqi oilfields, is still in talks on a plan to capture and sell natural gas there, the company’s Middle East vice president for new business said.
Tags: gas gathering, Shell
Anbar to Focus on Oil
On Wednesday, Anbar deputy governor said , the next stage they will focus on oil wealth, particularly in Ukaz and Znkurh areas for upgrading economics of the province.
Tags: Anbar, Ministry of Oil
Shell to Boost Iraq Majnoon Oil Output, Eyes Gas
Iraq's Majnoon oilfield is targeting production of 175,000 barrels of oil equivalent per day in 2012, a senior Royal Dutch Shell executive said on Monday.
Iraq’s Oil Output Targets 'impossible'
"Iraq has been struggling to meet 2 million b/d for years," says Majid Jafar, executive director at Crescent Petroleum. "Now in the run-up to the elections, the government has been proposing a 12 million b/d target, which is ludicrous.
Tags: Oil & Gas, Production
Ministry of Oil Demands Importing Companies, to Declare Payments… Again
Ministry of oil reiterated requests for importing companies of Iraqi crude oil to announce the size and numbers of payments to the country
Iraq Muddies Oil Plans with OPEC Quota Talk
In Vienna for an OPEC meeting last week, Shahristani said Baghdad would participate in OPEC agreements to curb oil supply when output reached 4 million bpd, some 8 million bpd short of Iraq's envisaged target.
Malaysian-Japanese Consortium Embarks on Developing Gharraf Oilfield
“The Japanese-Malaysian consortium started initial works to upgrade al-Gharraf oilfield, north of al-Nasseriya,” Kareem Yasser Hashem, the director of oilfields in Thi-Qar said.
Outrage in Basra as Kuwait drills cross-border deposits
A Kuwaiti project to drill an oil deposit shared with Iraq has sparked outrage in Iraq's southern oil province of Basra.