Iraq | Egypt Oil & Gas - Part 39

MENA Crude Weakens Following Omani Prompt Oil Offer

The Middle East crude market weakened for a second session as prompt oil sales by Oman weighed on the market.

Iraq Mulls Largest Sovereign Oil-Hedging Deal

Iraq is mulling an oil hedging program to lock in prices for future crude sales, potentially topping a similar deal run by Mexico.

Iraq, Jordan Stress Security Importance for Joint Pipeline

Iraqi president highlighted the importance of the oil pipeline, adding that work is underway to reopen the international highway as a priority for Iraq.

Iraq, Algeria Signal Consensus on OPEC Cuts

OPEC and major oil exporters reached consensus to extend the limits of cuts until the end of 2017.

EnerMech, Khudairi Group Launch JV in Iraq

The joint venture targets both the re-emerging oil and gas and large infrastructure sectors.

Iran Moves Forward with Gas Exports

Iran is conducting negotiations with a number of neighboring countries, including Iraq, to export natural gas.

Iraq Calls for Bids for Basra’s New Oil Refinery

Iraq's Oil Ministry asked foreign companies and investors to bid for a project to build and operate a 300,000b/d export-oriented refinery in Fao.

Iraqi Fuel Oil Exports Rise Despite OPEC Cuts

Iraqi fuel oil exports have risen since the beginning of 2017 despite the country’s commitment to curb production in line with OPEC supply cuts.

Egypt to Receive Oil Shipment from Iraq

Iraq started loading a tanker with 2mb of crude oil bound for Egypt, marking the first shipment under a bilateral agreement.

Kuwait’s Oil Exports to China Rise 14.7%

Kuwait's crude oil exports to China in the first three months of 2017 rose 14.7% from the same period of 2016 to 305,000b/d.

Page 39 of 67

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