Iraq | Egypt Oil & Gas - Part 2

ADNOC Secures Iraqi Crude at Steep Discounts

Abu Dhabi National Oil Company (ADNOC) has agreed to buy up to 72 million barrels (mmbbl) of Iraqi crude for August and September at steep discounts, Reuters reported, citing Iraqi sources. ADNOC agreed to purchase 32...

Chevron to Provide Technical Consultancy for Iraq’s West Qurna-2 Field

Iraq’s Ministry of Oil has signed an agreement with US energy company Chevron to provide technical consultancy services to the Basra Oil Company (BOC) during negotiations over the development of the West Qurna-2...

Iraq Implements Four Gas Projects With 1.4 bcf/d Capacity

 Iraq’s Ministry of Oil is implementing four projects to capture and utilize associated gas with a combined capacity of up to 1.4 billion cubic feet per day (bcf/d), the ministry spokesperson Salim Al-Rikabi told the ...

Iraq Prepares Basra-Baniyas Pipeline Expansion

Iraq’s Ministry of Oil is advancing the technical and economic preparations for the proposed Basra-Haditha-Kirkuk-Baniyas oil pipeline, as the country seeks to strengthen its crude oil transportation infrastructure an...

Iran Authorizes Iraqi Oil Tankers to Transit Strait of Hormuz

Iran has allowed a number of Iraqi oil tankers to transit the Strait of Hormuz after Baghdad repeatedly sought permission through multiple channels, Reuters reported, citing Iran’s state-run Islamic Republic News Agen...

Iraq Targets 8–10 Mmbbl/d Output Within Six Years

Iraq plans to increase crude oil production to 8 million–10 million barrels per day (mmbbl/d) within six years, more than doubling its pre-conflict output of around 4 mmbbl/d, as Baghdad seeks to expand its production...

Iraq-Syria Oil Pipeline Could Cost at Least $15 Bn, Take Four Years to Build

Iraq’s planned crude oil pipeline through Syria, aimed at reducing reliance on the Strait of Hormuz and avoiding future export disruptions, is expected to cost at least $15 billion and take around four years to build,...

EMC Wins $18.6 Mn Electrical Equipment Contract for Iraq’s Zubair Oil Field

Egyptian Maintenance Company (EMC), known as San Misr,  has secured an international tender launched by Italy’s Eni to supply electrical equipment and components for the Zubair oil field in Iraq, under a contract valu...

Iraq Advances Work at Al-Qarnain Oil Discovery

Iraq’s Ministry of Oil has confirmed promising hydrocarbon indications in the Al-Qarnain exploration block in Najaf province, marking a potential addition to the country’s light crude resources as appraisal activities...

Dana Gas, Crescent Petroleum Begin Gas Supplies to Iraq’s Electricity Ministry from Khor Mor Field

Dana Gas, the Middle East’s largest private sector natural gas Company, and Crescent Petroleum have commenced natural gas supplies from the Khor Mor field in Iraq’s Kurdistan Region to the Iraqi Ministry o...

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