Iraq | Egypt Oil & Gas - Part 45
No Iraqi Mandate for Lukoil to Cut Oil Output
The head of Russian oil company Lukoil, Vagit Alekperov, said that the firm has not received any directives from the Iraqi government in Baghdad to curb oil production for 2017.
Iraq to Boost Oil Exports to China
Iraq will sell more crude oil to its biggest customer, China’s Unipec, just before production cuts agreed with OPEC and other producers are scheduled to kick in.
Iraq Started Basra-Aqaba Pipeline Bid
Iraq has invited energy companies and investors to bid to build and finance the first phase of a pipeline that will eventually connect the southern city of Basra with Jordan's Red Sea port of Aqaba.
ExxonMobil Withdrew from 6 Block in Kurdistan
ExxonMobil has pulled out of half of the six exploration blocks it operated inIraq's semi-autonomous region of Kurdistan.
Romania, Iran to Build Power Plant Near Iraq
Romanian and Iranian investors have recently signed a preliminary agreement on building a 1,000MW power plant near Iran’s border with Iraq. Iraq Exported a Record 4.051m/d of oil
Iraq's oil exports reached a record high 4.051mb/d in November.
Shell to Sell Iraqi Oil Assets
Royal Dutch Shell is considering selling out of its oil fields in Iraq as part of its global $30b asset disposal program.
OPEC’s Pre-Vienna Meeting Yielded No Results
OPEC experts met late November, ahead of their schedule meeting in Vienna to discuss means to global market stability. Yet, they ended the meeting without agreeing on concrete details of a planned reduction in oil ou ...
