Iraq | Egypt Oil & Gas - Part 46
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 ...
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.
