Iraq | Egypt Oil & Gas - Part 42
Iraq’s Kurdistan Negotiates $3b Oil Prepayment Deal
Iraq's Kurdistan has increased the loans guaranteed by future oil sales to $3b in new deals with trading houses and Russian state oil firm Rosneft aimed at strengthening its fiscal position.
Rosneft Drills First Well in Iraq
Rosneft group started drilling of the first exploration well at Block 12 in the Republic of Iraq. The company plans to complete drilling the Salman-1 well in July 2017.
Egypt, Iraq Sign Oil Exports Agreement
The Iraqi Oil Marketing Company (SOMO) has signed a contract for oil exports with the Egyptian government.
Egypt to Import Crude Oil from Libya
The Egyptian General Petroleum Corporation (EGPC) stated that negotiations with Libya to import 1mb/m of crude oil for a year are taking place.
Egypt to Negotiating Benzene Imports
Egypt is in talks to import 2.3m tons of benzene annually during 2017.
Iraq’s Oil Reserves Increased to 153b Barrels
Iraq's oil reserves have increased to 153b barrels, from a previous estimate of 143b barrels, according to the Oil Minister, Jabal al-Luaibi.
Iraq Stopped Fire at Qayyara Oil Field
The technical teams of the Iraqi government-owned North Oil Company, civil defense, and military engineers have managed to extinguish fire in the No. 70 well in Qayyara oilfield in Iraq's northern province of Nineveh.
Iraq’s Basra Terminal to Stop Operations for 24 Hours
Iraq's main oil export terminal, off the southern city of Basra, will stop loading operations for 24 hours, because of work to install a new pipeline feeding the facility. 
