Iraq | Egypt Oil & Gas - Part 41
Oman, Iraq to Sign Storage Deal
Oman will sign a strategic oil storage deal with Iraq to expand trading capacity.
Iraq Mulls Exemption from OPEC Cut Deal
Iraq may seek exemption because it needs its oil income to fight the Islamic State.
Iraq to Build 3 Gas Processing Plants
Iraq will establish three gas processing plants to process the natural gas that is being flared at southern oil fields and use it in power generation.
Egypt to Pay Iraq 90 Days after Oil Shipment Date
Egypt agreed with Iraq to pay for the imported oil after 90 days from shipment date.
GE, MGH Start Commercial Operations of 9F Gas Turbines in Besmaya
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.
Egyptian Cabinet Approved Oil Import from Iraq
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 to Increase Oil Output
Iraq plans to increase crude oil production to 5mb/d.
Egyptian, Iraqi Oil Relations Ongoing
Egypt announced that the oil and gas relations with Iraq face no obstacles that could delay the agreement with the Iraqi side to send 2bb/m of crude.
