Iraq | Egypt Oil & Gas - Part 39
Petrojet Establishes First LPG Storage Tank in Iraq’s Siba
Egypt's Petroleum Projects & Technical Consultations Company (PETROJET) installed its first liquefied natural gas (LNG) storage tank at the Iraqi Siba gas field.
Petrofac Signs New Agreements in Iraq
Iraq has awarded the UK-based company Petrofac a new contract and a contract extension of an existing agreement to provide engineering services to two international oil companies (IOCs).
Iran Loses Indian Oil Market to Iraq
India has reduced its imports of Iranian oil by 33%, while increasing its purchase of Iraqi oil.
Iraq’s Oil Production to Reach 5 M b/d
Iraq’s oil production is expected to reach 5 million b/d by the end of 2017, while associated gas production is expected to record 1.3 billion standard cubic feet.
Egypt, Iraq to Establish Joint Oil Companies
Egypt and Iraq agreed on establishing joint companies for oil, natural gas, and petrochemicals.
Gazprom Neft, OMV Sign MoU
Russia's Gazprom Neft and Austria's OMV signed a memorandum of understanding (moU) for working together on Iran’s oil and gas projects.
Iraq to Establish Oil Refinery in Kirkuk
Iraqi government approved the establishment of a $5b oil refinery project in Kurdistan’s Kirkuk.
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.
