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.
Norwegian oil and gas operator DNO has discovered oil in Peshkabir-2 well’s Cretaceous horizon in the Peshkabir field, currently being drilling in the Kurdistan Region of Iraq.