Iraq | Egypt Oil & Gas - Part 49
Gunmen Bombed Iraqi Bai Hassan Oil Field
A group of gunmen blew up a bomb at the Bai Hassan oil field in Iraq’s northern province of Kirkuk, setting some production facilities on fire.
Kirkuk Receives Petrodollar Payments from KRG
Kirkuk has received new payments for exported oil from the Kurdistan Regional Government (KRG) bringing up the total amount paid to Kirkuk to $50m since December 2015.
Iraq to Double Halfaya Oil Output
Iraq expects to double output at the southern Halfaya oilfield, to reach its planned maximum of 400,000b/d in 2018.
Iraqi Oil Export Increased in July
Iraq's oil exports from its southern ports rose to 3.2mb/d on average in July, up from 3.175mb/d in June, as the Arabic nation increased crude production to bring in a $3.744b in oil export revenues.
Saudi Arabia Drops Oil Prices for Asian Markets
Saudi Arabia reduces its Arab Light grade price for September-loading cargo to Asian markets by $1.30 a barrel, as Russia and Iraq gain momentum in the race to dominate oil exports to the Asian continent.
Iran Plans to Boost Gas Export to 200mcm/d
Iran plans to raise its gas exports to 200mcm/d through pipelines to nearby countries. In addition, the achievement of liquefied natural gas (LNG) projects are also prioritized.
ISIS Attacks Northern Iraqi Energy Plants
Islamic State militants launched an assault on two energy facilities in Northern Iraq bringing a major oil pumping station to halt.
OPEC Oil Output to Reach Record High in July
The Organization of the Petroleum Exporting Countries' (OPEC) oil output is likely to reach its record in July. Supply from OPEC has risen to 33.41mb/d in July.
