Iraq Offers 9 New Concessionary Blocks
Iraq is offering nine new blocks for oil and gas exploration and production.
Iraq is offering nine new blocks for oil and gas exploration and production.
Kuwait and Iraq agreed on an export price for Iraq’s natural gas.
Iraq’s crude exports from its Basra ports are up approximately 150,000 barrels per day (b/d) in November.
Iraq is considering building a natural gas pipeline to Kuwait and an associated petrochemical plant.
Eni and BP have expressed interest in taking over operations from Royal Dutch Shell at Iraq’s Majnoon oilfield.
The Iraqi oil-marketing firm, SOMO, awarded contracts for diesel importation to ZhenHua Oil, BB Energy, Litasco, and Lima.
Egypt is negotiating with Iraq to import 24 million barrels of oil per year during 2018.
Royal Dutch Shell will hand over its operations at Iraq’s Majnoon oilfield by the end of June 2018.
The central government is negotiating an agreement with Turkey to export oil from the KRG and Kirkuk through the KRG’s oil pipeline.
Production disruptions in Iraq contributed to an overall decline in OPEC oil output during the month of October.