Iraq to Increase Oil Export Capacity to 6 MMBBL/D
According to Ihsan Ismaael, Iraq’s oil minister, Iraq is set to increase its oil export capacity to 6 million barrels of oil per day (mmbbl/d) up from the country's current levels of 3.8 mmbbl/d.
Iraq | Egypt Oil & Gas - Part 12
Egypt, Iraq Mull Oil Joint venture
Tarek El Molla, Minister of Petroleum and Mineral Resources, discussed the possibility of establishing a joint Egyptian-Iraqi company and to facilitate the participation of Egyptian companies in oil and gas projec ...
Six Arab Countries Reassert Compliance to OPEC+ Deal
The oil Ministers of Saudi Arabia, UAE, Kuwait, Oman, Iraq, and Bahrain reconfirmed their full support for OPEC+ agreement of cutting oil production in order to further speed up rebalance of oil markets.
Iraq’s Gharraf Oil Field Resumes Production
The Malaysian oil company, Petronas, has restarted production at Iraq’s Gharraf oil field at a rate of 50,000 barrels of oil per day (bbl/d) after a forced shutdown in March due to the pandemic.
Iraq to Resume Oil Exports to Jordan
Jordan’s Energy Minister, Hala Zawati, has finalized procedures to resume Iraqi oil exports to Jordan after Iraq stopped exporting after oil prices dropped to less than $20 per barrel.
Weatherford Signs 20-Well Contract in Iraq
The Irish drilling services provider, Weatherford International, has signed an eighteen-month contract with the Iraqi Drilling Company (IDC) to provide services for the drilling and completion of twenty wells in t ...
Saudi, Iraq Confirm Commitment to OPEC+ agreement
Saudi Arabia’s Energy Minister, Prince Abdulaziz Bin Salman Al Saud, and Iraq’s Oil Minister, Ihsan Abdul Jabbar Ismail, had a phone call to discuss the issue of compliance with the OPEC+ deal.
Iraq’s Oil Exports Fall 9%, Still Exceeding OPEC Quota
Iraq’s oil exports fell by circa 9% or 310,000 barrels per day (bbl/dd) in June, meaning that Iraq has fulfilled about three-fifths of its pledge to the OPEC+ production deal
India’s Oil Imports Drop 31%, Hitting Lowest Levels since 2011
India’s oil imports in May have nosedived 31% from April’s levels, representing the lowest importing figures since October 2011.
APICORP Expects $792 B MEANA Energy Investments in Coming Five Years
Arab Petroleum Investment Corporation (APICORP) have pledged $792 billion for planned energy investments for the time period 2020-2024.
