Iraq, Saudi Keen on Future Energy Projects
Iraq’s Minister of Oil, Ihssan Abdul-Jabar, confirmed on November 8 that the Kingdom of Saudi Arabia and Iraq are keen to strengthen energy ties with regard to gas and electricity projects.
Iraq’s Minister of Oil, Ihssan Abdul-Jabar, confirmed on November 8 that the Kingdom of Saudi Arabia and Iraq are keen to strengthen energy ties with regard to gas and electricity projects.
Iraq’s state-run Oil Marketing Company (SOMO) has announced its intentions to launch a third strain of crude oil export-grade called Basra Medium.
Iraq, OPEC’s third-largest oil producing nation, increased its exports to 2.876 million barrels per day (mmbbl/d) in October up from 2.613 mmbbl/d in the previous month.
Minister of Petroleum and Mineral Resources, Tarek El Molla, signed a memorandum of understanding (MoU) with his Iraqi counterpart, Ihsan Abdul Jabbar.
French international oil and gas company, Total SE, is considering investing in Iraq’s natural gas sector as the Iraqi government met with Total.
Russia’s state-run oil company, Lukoil PJSC, is looking to set up new oilfield projects in Iraq despite OPEC+ production cuts and a slump in oil demand.
The Iraqi Oil Minister, Ihsan Abdul-Jabbar Ismail, stressed on 13 October the importance of expediting plans for gas investment associated with oil operations in Al-Rumaila oil field.
Joe Anis, CEO at GE Gas Power Iraq, asserts that Iraq could generate over 3.5 gigawatts of power by capturing 40% of associated gas that is currently burned.
Iraq’s federal government has requested that the Kurdistan Regional Government (KRG) cut its oil production by 120,000 barrels per day (bbl/d).
Net oil and gas importer, Jordan, is set to resume crude imports from its Middle Eastern neighbor, Iraq, later on in September after shipments were suspended due to the pandemic.