Saudi Arabia, the world’s biggest crude exporter, is losing market share to Iraq and Iran as a result of OPEC’s agreement to curb supplies to bolster prices.
GE and Mass Group Holding (MGH) have successfully commenced simple cycle commercial operations of four advanced GE 9F gas turbines under phase I of the Ministry of Electricity’s Baghdad Power Plant in Besmaya.
El Molla announced that the Egyptian Cabinet approved importing 12b/y barrels of oil from Iraq.Egypt will import average of 1mb of Iraqi oil every month.