Saudi Arabia, Russia Propose 1.5 M b/d Output Increase: Ecuador Oil Minister
Saudi Arabia and Russia are reportedly seeking a 1.5 million barrel per day (b/d) increase in production from signee countries to the OPEC and non-OPEC agreement.
Iraq | Egypt Oil & Gas - Part 26
Iraq to Increase Nasiriya Output to 100,000 b/d
Production at Iraq’s Nasiriya oilfield will be expanded to 100,000 barrels per day (b/d) following a government vote.
Iraq Signs Oil Agreement with Chevron
Iraq’s Basra Oil Company and Dhi-Qar Oil Company have signed a memorandum of understanding with Chevron for studies and seismic surveys on oil activities in the country.
Iraq Opposes Calls for OPEC Production Boost
Iraqi oil minister Jabar al-Luaibi released a statement on June 11 in which he warned producers against being pressured to boost output levels, adding that unilateral decisions could collapse the OPEC and non-OPEC ...
Iraq Raises Oil Selling Price for Asia-Bound Crude
Iraq's State Oil Marketing Organization (SOMO) has raised its oil selling price for July exports of Basra Light and Basra Heavy crude grades to Asia.
Iran, Iraq Begin Crude Oil Swap
Iraq has begun deliveries of crude oil from Kirkuk to Iran, while Tehran will export a similar amount to Iraqi ports on its southern border.
Iraq to Sign 6 Development Contracts
Iraq will sign development contracts on June 2 and 3 for six blocks awarded during the last licensing round.
Kuwait Energy Looks to Sell Iraq Asset to Repay Debt
Independent oil and gas company Kuwait Oil is considering selling all or part of its Block 9 asset in southern Iraq, and has hired investment bank Perella Weinberg Partners (PWP) to advise on the matter.
Lukoil to Double Oil Production at Iraq’s West Qurna-2
Russia's Lukoil, in conjunction with local state-run Basra Oil Company, aims to double production from the West Qurna-2 oil field in Iraq to 800,000 barrels per day (b/d) by 2025.
Production at Iraq Zubair Field Rises to 475,000 b/d
Iraq has increased the production of its Zubair field by 50,000 b/d to reach 475,000 b/d.
