Iraq | Egypt Oil & Gas - Part 46
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 ...
OPEC to Decide on Output Cut
OPEC will debate an oil output cut of between 4.0-4.5% for all of its members except Libya and Nigeria by the end of November.
Iraq to Suggest Crude Restraint Options
Iraq will make three new suggestions at a meeting in Vienna of OPEC oil ministers at the end of the November to implement an agreement to restrain crude supply in order to push up prices.
KRG’s Oil Exports to Turkey Declined
Iraq's current exports from the Kirkuk oil field through a pipeline to Turkey have dropped to 100,000b/d, compared with 133,000b/d in October.
Iraq Delayed Upstream Bid
Iraq will postpone an upstream bidding round for 12 small and medium-sized oil fields across three provinces until mid 2017.
Yaran Field Began Oil Output
Iran has begun first oil production from North Yaran field shared with Iraq after years of delay. The development manager of the field, Arash Baqerzadeh, said that the production from the field has begun with 30,000b/d.
Egypt to Buy Oil from Iraq
The Egyptian Minister of Petroleum, Tarek El Molla, signed a memorandum of understanding (MoU) to import oil from Iraq. This agreement comes after Aramco halted its oil shipment to Egypt.
