Iraq | Egypt Oil & Gas - Part 14

Iraq’s Production Cuts Below Third of OPEC’s Required Rate

Iraq has announced that it will only cut production by 700,000 barrels per day (bbl/d), a third less than the required amount from the OPEC+ supply pact, after international oil companies (IOC) rejected further cu ...

Genel Energy Completes 5 Development Wells in Iraq

Genel Energy plc (Genel) announces the completion of five development wells at Tawke PSC in the licence during the quarter, three drilling rigs were released, but the Company-operated workover rig continues to ser ...

DNO Completes Testing of Iraq Oil Well

The Norwegian oil and gas company, DNO ASA has completed the testing and appraisal of the Baeshiqa-2 exploration well in Kurdistan, Iraq, in addition to preparing the imminent spud of an exploration well on a sepa ...

Genel Energy Continues Negotiation Over Bina Bawi

Genel Energy plc negotiates further with the Kurdistan Regional Government (KRG) over the Iraqi oil field Bina Bawi.

Kurdistan Reaches Agreement With Iraq to Cut Production

The Kurdistan Regional Government (KRG) and the federal Iraqi government have come to an agreement to cut oil output in line with a new deal between top oil producers to lower global supply.

Kurdistan to be Included in Iraq’s Oil Production Cuts

Iraq’s oil minister, Thamer al-Ghadhban,  announced that the Kurdistan region is included in the 1 million barrels per day (mmbbl/d) cut of oil production.

Jordan to Obtain Maximum Oil Quantities from Iraq

The Jordanian Minister of Energy, Hala Zawati, announced in a statement that the ministry has arranged with the Iraqi side to raise the number of shipments to receive the full amount that the two sides had contrac ...

Iraq’s Oil Revenues Increase to $5 Billion

Iraq's oil revenues surpassed $5 billion in February through exporting more than 98 million barrels of crude oil (mmbbl).

Genel Energy Boosts Production in 2019

Genel Energy, the Iraq-Kurdistan focused energy producer, has succeeded in boosting its production rates in 2019 despite the decline in its revenues because of payment delays from the Kurdistan Regional Government ...

Iraq to Gain $1.75 B from Selling Oil to China

Iraq is expected to gain approximately $1.75 billion from the sale of 100,000 barrels per day (bbpd) of crude oil to China in 2020,

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