Iraq, Jordan Agree on Trading Oil and Other Goods
Iraq is going to sell 10,000 barrels per day (b/d) of oil from its Kirkuk oilfields to Jordan at a special price and Iraqi goods imported through Aqaba port will have preferential tariffs.
Iraq is going to sell 10,000 barrels per day (b/d) of oil from its Kirkuk oilfields to Jordan at a special price and Iraqi goods imported through Aqaba port will have preferential tariffs.
Iraq plans to reduce the price of oil traded to Jordan, in return for getting preferential tariffs on goods that Iraq receives from Jordan through Aqaba port.
The Iraqi-focused operator Gulf Keystone Petroleum expects to delay its 55,000 b/d target to early 2020 as the company currently faces a delay in kicking off a drilling campaign at the Shaikan field.
The Iraqi-focused producer Genel Energy plans to increase production in 2019 through the exploration of three more wells in Kurdistan’s Taq Taq field.
Iran will stand against US sanctions considering them “fully illegal”, Bijan Zanganeh, Iranian Oil Minister, said on January 10, announcing that Tehran would not comply with the sanctions
Iraq’s oil exports increased in December, 2018 to hit around 3.276 million barrels per day (b/d), Thamer Ghadhban, Iraqi Oil Minister said in a statement on January 2.
Weir oil and gas Dubai signed a multi-year contract with an Iraqi JV for rotating equipment overhaul services.
Kuwait and Iraq have selected a consultant to estimate the oil reserves in the areas on the border between the two countries.
Minister of Petroleum, Tarek El Molla, met with his Iraqi Counterpart, Thamir Ghadhban, to discuss boosting joint relation in the oil and gas industries, as well as opportunities for Egyptian companies to increase ...
The waiver will allow Iraq to continue importing electricity from Iran as the main Iraqi power plants depend on Iranian natural gas. Besides, Baghdad’s power generation is not enough to ensure domestic supply.