Iraq | Egypt Oil & Gas - Part 42
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.
Iraq to Triple Natural Gas Production
Iraq's production will have a triple increase to be 1.7bcf/d of natural gas.
Iraq, Jordan Agree on Oil Pipeline Project
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.
Iraq Inaugurates Dhi Qar Oil Company
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. Southern Iraq Exports 3.163mb/d of Oil in March
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.
Iran, Iraq to Lead Middle East Oil Growth
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.
