Iraq Resumes Sale of Basra Oil on DME
Iraqi state oil marketing company SOMO has sold Basra crude oil on the Dubai Mercantile Exchange (DME) for the first time since January.
Iraq | Egypt Oil & Gas - Part 23
Iraq, General Electric Sign MoU
Iraq has signed an agreement with General Electric to develop the country’s power infrastructure.
Siemens, Iraq Sign Agreement for Electricity Reconstruction
The Iraqi Ministry of Electricity has signed a reconstruction agreement with Siemens to boost the country’s economic development including adding 11 gigawatts of power generation within the next four years.
New Iraqi National Oil Company to Produce 7M b/d
Iraq aims to produce 7 million barrels per day (b/d) of oil and export 4 million b/d in 2019 through its newly-established National Oil Company, Oil Minister Jabar al-Luaibi announced on October 20.
UAE’s Dragon Oil Looking to Spend $500M in Acquisitions in 2019
The upstream investment arm of Dubai state-owned ENOC, Dragon Oil, plans to invest $500 million in oil and gas assets next year, chief executive Ali Rashid al-Jarwan said.
10 Killed in IS Attack on Iraq Gas Field
At least ten Iraqi security forces have been killed in an attack by Islamic State (IS) militants on a gas field in the western province of Anbar.
Iraqi Completes Repairs at Ajil Oilfield
Iraq has completed repairs at the Ajil oil field which was torched by Islamic State militants in 2015, the country's oil minister said on October 9.
Iraq Targets 60,000 b/d at Qayara Field Before 2019
Iraq is increasing crude oil production from its Qayara oil field with a target of 60,000 b/d before 2019, the field was nonoperating until 2017 as it was occupied by IS insurgents.
Siemens Nears Billion-Dollar Energy Generation Deal in Iraq
Siemens is reportedly close to agreeing a deal worth up to $10.6 billion to supply energy generation and power transmission technology to Iraq.
Iranian Company Agrees to Well Drilling and Repair in Iraq
The National Iranian Drilling Company (NIDC) signed a memorandum of understanding with an Iraqi company to conduct drilling and oil well repair at the Basra and Az Zubeir oilfields.
