Iraq | Egypt Oil & Gas - Part 32

Iraq Offers 9 New Concessionary Blocks

Iraq is offering nine new blocks for oil and gas exploration and production.

Kuwait, Iraq Agree to Natural Gas Price

Kuwait and Iraq agreed on an export price for Iraq’s natural gas.

Basra Exports up 150K b/d

Iraq’s crude exports from its Basra ports are up approximately 150,000 barrels per day (b/d) in November.

Iraq Considering Natural Gas Pipeline to Kuwait

Iraq is considering building a natural gas pipeline to Kuwait and an associated petrochemical plant.

Eni, BP Express Interest in Majnoon

Eni and BP have expressed interest in taking over operations from Royal Dutch Shell at Iraq’s Majnoon oilfield.

SOMO Awards Diesel-Import Contracts

The Iraqi oil-marketing firm, SOMO, awarded contracts for diesel importation to ZhenHua Oil, BB Energy, Litasco, and Lima.

Egypt in Talks with Iraq to Import 24M Barrels of Oil

Egypt is negotiating with Iraq to import 24 million barrels of oil per year during 2018.

Shell to Exit Majnoon in 2018

Royal Dutch Shell will hand over its operations at Iraq’s Majnoon oilfield by the end of June 2018.

$4B KRG Debt Hindering Iraq-Turkey Export Agreement

The central government is negotiating an agreement with Turkey to export oil from the KRG and Kirkuk through the KRG’s oil pipeline.

OPEC Production Slips 80K b/d in October

Production disruptions in Iraq contributed to an overall decline in OPEC oil output during the month of October.

Page 32 of 66

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