Iran Halts Oil Trade with KRG
Following the independence referendum held by the Kurdish Regional Government (KRG) earlier this week, Iran has halted the trade of petroleum products.
Iraq | Egypt Oil & Gas - Part 36
OPEC Production Increases 50k b/d in September
OPEC crude production has risen in September.
Iraq Foresees Asia Consuming 80% of Its Exports by 2020
Iraq is shifting its export focus toward Asia to take advantage of growing regional demand.
Iraq: Cease Crude Imports from KRG Territories
The Iraq government called on the international community to cease importing crude oil from the autonomous region controlled by the Kurdistan Regional Government.
Oil Minister: Shell in Talks with Iraq over Majnoon
Negotiations between Royal Dutch Shell and Iraq over the Majnoon oilfield are continuing.
Iraqi Minister Clarifies: Additional Cuts Not Necessary at Present
The Iraqi Oil Minister, Jabar El Luaibi, clarified that Iraq does not see an immediate need for more production cuts.
Iraq Indicates Willingness to Extend Cuts
Iraq favors an additional one-percent cut in oil production by OPEC and its fellow oil producers.
Rosneft to Invest $1B in KRG Pipeline
Russian oil firm, Rosneft, will invest approximately $1 billion to develop natural gas pipelines in areas under the authority of the Kurdistan Regional Government (KRG).
Shell to Sell Its Stake in Iraq’s West Qurna 1 Oilfield
Royal Dutch Shell plans to sell its stake in Iraq’s West Qurna 1 oilfield.
Iraq Changes Course on Price Benchmarks
Iraq is reconsidering its previously announced plan to switch its price benchmark for Asian-bound crude from the Platts’ Oman-Dubai average to DME Oman futures.
