The oil ministers of Iran and Iraq will not attend informal talks between member's of the Organization of the Petroleum Exporting Countries (OPEC) in Turkey during October.
According to Reuters Iraq is aiming to export a record volume of Basra crude from its southern terminals in October during the current price war being fought between Saudi Arabia, Kuwait, and Iran.
Technip, in partnership with Unico, a Japanese engineering consultant, has been awarded a project management consultancy (PMC) contract on a reimbursable basis, for the upgrading of the Basra refinery
Royal Dutch Shell (RDSa.L) has signed a deal with Iraq worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser al-Esawi said