Iraq to Establish National Oil Company
The Iraqi parliament voted on March 5th to create a national oil company that will handle the country’s energy sector.
The Iraqi parliament voted on March 5th to create a national oil company that will handle the country’s energy sector.
French oil company Total is considering bidding to build the green-field oil refinery in the Iraqi city of Nassiriya.
Iraqi Ambassador to Egypt, Habib Al Sadr, announced that his country’s government is studying the establishment of a new oil pipeline connecting Iraq to Egypt, passing through Jordan.
Iraq’s government declared desire to hold talks with Turkey over the possibility of transporting oil once more from federal territory to reach a port located on the Mediterranean Sea.
Chevron Corporation, the US Oil Company, has restarted its drilling operations in the Kurdistan region of Iraq (KRI).
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 will receive 12 million barrels of Iraqi crude oil throughout 2018, starting this January.
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’s oil output capacity is coming close to 5 million b/d. Yet, the OPEC member will comply with the global supply cut pact.
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.