Iraq | Egypt Oil & Gas - Part 46
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.
Shell, Vitol to Store Iraqi Crude at Fujairah
Royal Dutch Shell and Vitol are stepping up their operations in the port of Fujairah to store Iraqi crude as production from the OPEC member rises.
Kurdistan Fields Produced Less Oil
Genel Energy, mentioned that it expects a decline in production at its Kurdish oil fields. Iraq Issued Oil Field Tender
The Iraqi oil ministry launched a new tender to develop 12 small to medium-sized oil fields.
Iran to Export Gas to Iraq
Iran is fully ready to start exporting gas to neighboring Iraq as soon as the Arab country opens a line of credit.
