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Tag Archives | Rystad Energy

Iraq and Kuwait "Face Tougher Oil Restart than Gulf Neighbours"

By on 8th August 2026 in Iraq Oil & Gas News

By Francesca Washtell, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq and Kuwait Face Tougher Oil Restart than Gulf Neighbours Repeated shut-ins of older oilfields mean Iraq and Kuwait are likely to face challenging returns to […]

Iraq has World's 3rd Lowest Oil Production Costs

By on 14th March 2016 in Iraq Oil & Gas News

By John Lee. Iraq's Ministry of Oil quotes a report by Rystad Energy as saying that Iraq has the world's third-lowest-cost crude oil. Kuwait came in lowest at $8.50 per barrel, with Saudi Arabia at $9.90, followed by Iraq at $10.70. Fourth place went to UAE at $12.30, and Iran took fifth place with $12.60. […]