Iraq | Egypt Oil & Gas

bp, Iraq Reaches Final Agreement to Develop Kirkuk Fields

bp announced that it has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq.

Iraq Intends to Increase Oil Production to Exceed 6 mmbbl/d by 2029

Iraq’s Oil Ministry announced that it plans to increase oil production to more than 6 million barrels per day (mmbl/d) by 2029, while confirming an agreement with BP to develop four oil fields in Kirkuk.

Iraq Ministry Of Oil, bp Enters Into Agreement to Develop Four Fields

The Iraq’s Ministry of Oil, represented by the North Oil and North Gas Companies, signed a contract with bp with initials to develop four fields.

Egypt-Iraq Energy Talks Focus on Refining, Oil Transport

Minister of Petroleum and Mineral Resources, Karim Badawi, met with Deputy Prime Minister and Minister of Oil of Iraq, Hayyan Abdul Ghani, in Baghdad. The meeting discussed ways of enhancing bilateral cooperation ...

Iraq, Foreign Oil Companies Issue Contradictory Statements on Resumption of Kurdish Exports

Eight international oil companies operating in Iraq's semi-autonomous Kurdistan region announced that they would not resume oil exports through Turkey's Ceyhan port on Friday, despite Baghdad's declaration that th ...

bp to Invest Up to $25B in Kirkuk Fields

bp plans to spend between $20 to $25 billion over the lifetime of a project to redevelop four Kirkuk oil and gas fields through a profit-sharing agreement that would last more than 25 years, a senior Iraqi oil off ...

Basra Oil Company Signs Deals with Halliburton to Develop Nahr Bin Omar, Sinbad Fields in Iraq

Basra Oil Company (BOC) has signed two agreements with Halliburton to develop the Nahr Bin Omar and Sinbad fields in Iraq. This confidentiality agreement involves Iraq to provide Halliburton with data and discuss ...

Iraq Approves $4.6B Basrah-Haditha Oil Pipeline Project

The Iraqi cabinet has approved a 44.56 billion Basrah-Haditha oil pipeline. The 685 km pipeline will have a capacity of 2.25 million barrels per day (bbl/d).

Iraq’s Fuel Oil Exports to Hit Record Year Following Surge in October Volumes

Iraq's fuel oil exports are poised to achieve all time highs this year, driven by the country’s ramp up shipments in October. This surge comes as domestic demand eased and production rose, according to Reuters.

China’s CNOOC Signs Oil, Gas Contract to Develop Iraq’s Block 7

China's CNOOC has signed an Exploration, Development & Production Contract (EDPC) with Iraq's state-run Midland Oil Company to explore for oil and gas at the Block 7 field in the Middle East nation.

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