The latest news on Iraq Oil Production – oil companies, oil output and more – brought to you by Iraq Business News
The following update on output at Iraq's oilfields comes from Early Warning, citing a report from UPI: Rumaila: Iraq's biggest field with the equivalent of 17.8 billion barrels of oil. That makes it the fourth largest oil field in the world. It contains around 15 percent of Iraq's oil. It is operated by BP and […]
Iraq's South Oil Company, working with the IOCs, has set quarterly production targets for the country's southern oilfields for 2011, according to documents obtained by Reuters. Production is targeted reach an average of nearly 2.3m bpd by Q4 2011. Oilfields Q1 Q2 Q3 Q4 Rumaila 1,175,000 1,201,000 1,226,000 1,250,000 West Qurna 1 260,000 270,000 285,000 […]
Iraq, the only OPEC member not subject to quotas, experienced the largest rise in the month, with 121,300 barrels a day.
It says any improvements seen so far in world oil demand have been "overwhelmed" by increased supply and persistent worries about the stability of the world's economic recovery.
An OPEC quota of 6 million barrels per day (bpd) will be too low for Iraq and it expects its quota to be no less than that of OPEC's most influential member Saudi Arabia, Iraq's oil minister said on Thursday.
US Ambassador to Iraq Christopher Hill said Tuesday the international community was committed to helping Iraq increase its oil production. Hill, on a visit to Basra within a delegation of British, Dutch, Japanese and Italian diplomats as well as executives from international oil companies, said the US and other countries sought to speed up the […]
Iraq expects output at its Nassiriya oilfield to hit 100,000 barrels per day (bpd) in 2014, the head of state-run South Oil Co. (SOC) said on Friday, after the OPEC member decided to develop the field on its own.
Iraq expects crude output from its southern oilfields, Rumaila, Majnoon and West Qurna Phase One, to reach about 2.1 million barrels per day (bpd) by the end of this year, the head of South Oil Company (SOC) said yesterday.
Iraq, which last year awarded ten contracts to oil majors, expects to boost oil output to 3.2 million barrels per day (bpd) by the end of 2011, a top official said.
Oil exports from Iraq's semi-autonomous northern Kurdish region will start only after the formation of a new Iraqi government, the region's natural resources minister said.
