Iraq | Egypt Oil & Gas

Exports Restart After spillage at Iraq’s Basrah oil terminal

Basrah Oil Company announced that oil loading and exporting operations at the Basrah oil terminal in Iraq have resumed following a spillage that was stopped recently but has since been contained, Reuters reported. ...

TotalEnergies Sells Its 18% Stake in Iraq’s Sarsang Oil Field

TotalEnergies has completed the sale of its 18% stake in the onshore Sarsang oil field in Iraqi Kurdistan for $155 million to ShaMaran Petroleum Corp., a company listed in Canada and Sweden that specializes in oil ...

Oil Firms Ask U.S to Defuse Iraq-Kurdistan Tensions

Oil companies operating in Kurdistan have requested the US to help ease rising tensions between the central government of Iraq and the semi-autonomous province of Iraqi Kurdistan.

Iraq’s Oil Production Increases by Almost 70,000 bbl/d in July

According to data from the state-owned marketer SOMO seen by Reuters on Wednesday, Iraq produced 4.584 million barrels of crude oil per day (mmbbl/d) in July, up 69,000 from June.

Iraq Has the Capacity to Increase Oil Production by 200,000 bbl/d

An executive of Iraq's Basra Oil Co. (BOC) told Reuters on Friday that Iraq can increase its oil production by 200,000 barrels per day (bbl/d) this year if asked.

Iraq’s Basra Oil Company to Acquire Largest Share in ExxonMobil’s Stake in the West Qurna 1 Oilfield

Following the approval of the 2022 budget, Iraq's Basra Oil Company will acquire the largest share of Exxon Mobil's stake in the southern West Qurna 1 oilfield, oil minister Ihsan Abdul Jabbar said, Reuters report ...

Iraq Shows Support for OPEC’s Decision to Increase Oil Production

The Iraqi Ministry of Oil confirmed it commitment to the decision of the Organization of the Petroleum Exporting Countries (OPEC) as well as its allies to increase oil production.

IDC Completes Drilling of Oil Well at Al Gharraf Field 

Iraqi Drilling Company (IDC) announced that it has completed the drilling operation of an oil well at Al Gharraf field.

Iraq Connects 28 New Productive Wells, Inaugurates Water Processing Station at Magnon Field

The Iraqi Ministry of Oil announced that it has connected 28 new wells to the production line at Magnon field.

Iraq Lays Foundation Stone for Basra Oil Processing Plant

The Chairman of the National Oil Company Ihsan Abdul-Jabbar Ismail has laid the foundation stone for the crude oil processing plant in the exploration Block 9 within Al-Fayha oil field in Basra at a capacity of 10 ...

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