Iraq | Egypt Oil & Gas - Part 29

Iraq May Have Double the Current Oil Reserve Estimates

Iraq may have double the current estimated amount of oil reserves, the country’s oil minister Jabar Al-Luaibi said.

OPEC Members Suggest Supply Cuts Extension

A number of oil exporting countries have suggested a six-month extension to the supply cut deal agreed by OPEC and non-OPEC nations.

Iraq, Iran to Start Oil Swap

A senior Iraqi energy official has said that oil could be sent from Kirkuk in the north of Iraq to Iran's Kermanshah refinery in the coming weeks.

Iraq Agrees with OPEC Output Cuts

Iraqi President Fuad Masum stated on March 26 that Iraq supports OPEC’s agreement to cut oil output.

Iraq Seeks Investment for Anbar Refinery Project

The Iraqi Ministry of Oil invited investors to submit proposals for the construction of an oil refinery in Anbar province, near the city of Haditha.

Shell Sells $406 M Stake in Iraqi Oil Field to Itochu Subsidiary

Shell has agreed to sell its 19.6% stake in the West Qurna 1 oil field in southern Iraq to a subsidiary of Itochu Corporation for $406 million.

Saudi Oil Shipments to US Down 14% in 2017

American imports of Saudi crude oil dropped to 943 b/d in 2017, a 14% decrease from 2016, according to US government statistics.

Iraqi Oil Exports Fall to 96 M Barrels

Iraq exported around 96 million barrels of oil in February 2018, generating revenues of $5.726 billion, the oil ministry has announced.

EPROM Receives Offer to Operate in Iraq Gas Field

The Egyptian Projects Operation and Maintenance Company received an offer in 2017 to operate Siba natural gas field in Iraq in partnership with the Egyptian Maintenance Company.

Iraq to Decrease Fuel Imports by 25%

The Iraqi Ministry of Oil announced plans to decrease imports of petroleum products by 25%.

Page 29 of 68

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