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.
Iraq and Jordan agreed on the development of a $5.6b oil pipeline. The project's preparations and procedures are expected to be completed within the next two months.
The Iraqi Oil Minister, Jabbar Al-Luiebi, officially opened late March the Dhi Qar Oil Company, which will focus on operations work at the Dhi Qar province.
Iraq’s March production has been reduced by more than its share of 210,000b/d from its southern fields, while northern production has been reduced by around 30,000-40,000b/d so far in March from February.
The research consultancy Rystad Energy indicated that the oil field development in Iran and Iraq is expected to drive the largest production growth in the Middle East over the next four years.