Iraq Denies OPEC+ Deal Exemption Reports, Affirms Commitment to Deal
Iraq has refuted claims that it was seeking an exemption from the reduction pact during the first quarter of 2021 and has reaffirmed its commitment to the deal.
Iraq | Egypt Oil & Gas - Part 13
Iraq Asks for Exemption From OPEC+ Production Deal in 2021
Iraq, the Organization of the Petroleum Exporting Countries’ fourth-largest producer of oil, is seeking a pardoning from the existing OPEC+ deal in Q1 of 2021 but insists it will adhere to cuts over the next 3 mon ...
Iraq to Proceed with Nebras Petrochemical Project
Iraq’s oil minister, Ahsan Ismail, reiterated the country’s willingness to progress with the implementation of the Nebras project to strengthen Iraq as a global player in the petrochemicals market.
Iraq’s Oil Revenue Reach $3.49 B
Iraq’s oil ministry has announced that oil revenues accounted for in excess of $3.49 billion after a total of 85.6 million barrels of oil (mmbbl) were exported.
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.
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 ...
