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 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.
Iraq is looking for foreign partners to build and operate a second venture to process gas released as a by-product of oil production in its southern fields.
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla disclosed that an oil delegation will visit Baghdad during February to reach an agreement on the final draft to import Iraqi crude oil.
Oil exports from Iraq's southern terminals have fallen by 170,000b/d so far in January, with the country implementing a further 40,000b/d during the month.