By Simon Kent. Kurdish and Iraqi officials are still thrashing out details of a more sustainable and far reaching oil revenue and exports deal, following the resumption of federal oil exports into the Kurdish pipeline from Kirkuk. Last week, 100,000 bpd of Kirkuk crude from Baba Gorgor, Jambour and Khabbaz, three fields in the giant Kirkuk […]
Tag Archives | Oil and Gas
Tags: Avana, Baghdad, Bai Hassan, Barzani, Disputed territory, Erbil News, featured, Haidar al Abadi, Iraq, Iraq Oil Exports News, KDP, Kirkuk, Oil and Gas
Luaibi Targets More Production Ahead of OPEC Meeting
By Simon Kent. Iraq's Oil Minister Jabbar Ali al Luaibi has met with IOCs and asked them to do their utmost to increase production in Iraq's southern fields, which has fluctuated in 2016. The announcement, relayed by Ministry of Oil spokesman Asim Jihad, comes over a month before a meeting on the 26th of September […]
Tags: featured, Iraq, Iraq Oil Exports News, Jabbar Ali al Luaibi, Kurdish Region of Iraq, Oil and Gas, oil glut, oil price
Condensate and LPG Exports Continue
By Simon Kent. Iraq's Ministry of Oil have announced that 2 cargoes, one of LPG, one of Condensate, have departed the export terminals at Basra. Iraq began exporting LPG earlier this year through its Basra Gas Company Joint Venture, a consortium of Shell, Iraq's South Gas company and Mitsubishi as the minority stakeholder. Proceeds will […]
Oil Exports Up in July
By Simon Kent. Iraq's oil exports have been recorded at an average of 3.28 mbpd for July, a rise from 3.18 mbpd in June. This is good news for Iraq, although a two month fall in exports due to infrastructure problems was offset by a slight increase in the price of oil. In June, a […]
Tags: Basra News, featured, Iraq, Iraq Oil Exports News, Iraq-Turkey Pipeline (ITP), Kirkuk, Kurdish regional government, Oil and Gas
Iraq and Iran Discuss Cross Border Fields Plan
By Simon Kent. Iraq's Deputy Oil Minister Fayadh Nema, who is currently acting Oil Minister until Abadi's new cabinet is finalized, has recently announced a trip to Tehran to discuss cross border oil fields. Once a controversial topic between Tehran and Baghdad, Iraq's many cross border oil fields are now back on the agenda as sanctions […]
Tags: Basra News, CNPC, cross-border, Diyala, featured, Huwaiza oil field, Iran, Iraq, Maysan, Maysan Oil Company, Nafthkhana oil field, Oil and Gas, PetroChina, sanctions, Sindibad oil field
RSK Group's Iraq Projects Win Accolade
By Simon Kent RSK Group have recently won the Queen’s Award for Enterprise in International Trade, widely seen as the most prestigious award for UK enterprise. Key to the award was their environmental work cleaning up the vast oilfields at Rumaila and Majnoon. But according to RSK Group, this was an opportunity they seized in […]
Tags: Basra News, environment, featured, Health Safety and Environment, Iraq, Majnoon, Oil and Gas, RSK Group, Rumaila
Air Strikes Decimate ISIS Oil Production
By Simon Kent. When Coalition aircraft began targeting ISIS oil operations last year, they did so under strict rules of engagement that were designed to minimize civilian casualties: many of those transporting the oil were deemed civilians trying to earn a living under ISIS rule. Tactics in the early days of the Tidal Wave II […]
Tags: coalition air strikes, Daesh, featured, Iraq, ISIL, ISIS, ISIS oil facilities, ISIS oil revenue, Islamic State, Oil and Gas
Abdul Mahdi: Iraq to Watch non-OPEC Production
By Simon Kent. Iraq's oil minister Adel Abdul Mahdi (pictured) has spoken to Reuters regarding Iraq's position on OPEC's failure to agree on a production ceiling as the battle to drive out shale production continues. Abdul Mahdi said that Iraq was now looking at the "real world" and that they would have to monitor production in countries […]
Tags: Adel Abdul-Mahdi, featured, Iraq Oil Production News, Iraqi Ministry of Oil, Oil and Gas, Oil Prices In Iraq, OPEC, Shale
Third NOC Official Assassinated
By Simon Kent. An official with the Iraqi North Oil Company has been shot dead in Kirkuk, northern Iraq, Reuters reports. The murder of Hassan Salim is the third assassination of an oil official from the NOC in just four months, in an area which has been disputed by Arabs, Kurds and Turkmen since the fall of the […]
Tags: Disputed territory, featured, Iraq, Kirkuk, Kurds, North Oil Company, Oil and Gas, terrorism, Turkmen
Iraq and Egypt Announce Energy Cooperation
By Simon Kent. Iraq and Egypt are working on a plan to export Iraqi oil through Jordan to Egypt, for refining in Egypt and re-sale to the European market, Reuters reports. The three countries have already signed an agreement for this plan, part of Egypt's strategy to regain a degree of self suffiency for domestic energy needs […]
Tags: Arab Gulf Pipeline, BP, British Petroleum, Egypt, ENI, featured, Iraq, Iraq-Jordan Pipeline, Oil and Gas, pipelines
Ergil Complete Gharraf Maintainance
By Simon Kent. Turkish oil and gas services company Ergil have announced the completion of a project with Petronas, to provide pipeline maintenance via "pigging" at the Gharraf oil field in Thi Qar province. Gharraf is operated by Petronas, Japex and North Oil Company, and the services Ergil provided installing "pig launchers" and "pig receivers" […]
Gulf Keystone Announce Shaikan Milestone
By Simon Kent. Gulf Keystone have announced that the Shaikan field in the Kurdish region of Iraq (KRI) has now exceeded 15 million barrels of commercial production. According to the company, this amounts to a daily average production in excess of 40,000 barrels of oil gross. The oil is trucked to the Turkish border before […]