Iraq | Egypt Oil & Gas - Part 30

Chevron Drills in Iraq’s Kurdistan Region

Chevron Corporation, the US Oil Company, has restarted its drilling operations in the Kurdistan region of Iraq (KRI).

Iraq, Iran to Start Swapping Oil in Days

Iraq will start to export 60,000 barrel per day (b/d) of Kirkuk fields' oil, using tanker trucks that will cross the Iranian border to deliver this oil to an Iranian refinery.

Egypt to Receive 12 M barrels of Iraqi Crude in 2018

Egypt will receive 12 million barrels of Iraqi crude oil throughout 2018, starting this January.

Iraq, BP to Boost Oil Production

Iraq has signed a memorandum of understanding (MoU) with UK’s BP in order to increase the output capacity of Kirkuk oil fields, which were returned by government forces in October 2017.

Iraq to Boost Oil Output Capacity to 5 mb/d

Iraq’s oil output capacity is coming close to 5 million b/d. Yet, the OPEC member will comply with the global supply cut pact.

Shell to Sell Its 20% Share in Iraq’s West Qurna 1

Iraq approved the sales of the 20% stake owned by Royal Dutch Shell in the country’s West Qurna 1 oil field to Japan’s Itochu Corporation.

Iran to Export Natural Gas to Basra

Iran is likely to start exporting natural to the city of Basra in southern Iraq can in March 2018, National Iranian Gas Company's Managing Director, Hamidreza Araqi, stated.

Iraq to Export Oil to Iran

Iraq will begin to export crude oil, produced from the northern Kirkuk fields, to Iran before the end of January 2018, Iraqi Oil Minister, Jabar al-Luaibi, told reporters on January 7th.

Algeria’s Sonatrach Considers Investing in Iraq’s Oil, Gas

Algerian state-owned energy firm Sonatrach is considering possible investments in oil exploration and natural gas projects in Iraq, Iraqi Oil Ministry announced on January 7th.

Iraqi Oil Exports from Southern Oilfields Reach 3.535 M b/d in December

Iraqi oil exports from the southern Basra ports increased by 1% to 3.535 million barrels per day (mb/d) in December 2017, compared to 3.5 mb/d in August.

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