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.
Iraq | Egypt Oil & Gas - Part 30
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%.
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.
Total Eyes Iraq Oil Refinery
French oil company Total is considering bidding to build the green-field oil refinery in the Iraqi city of Nassiriya.
Iraq to Establish Pipeline to Egypt
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 Mulls Exporting Oil via Turkey
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 Drills in Iraq’s Kurdistan Region
Chevron Corporation, the US Oil Company, has restarted its drilling operations in the Kurdistan region of Iraq (KRI).
