Iraq | Egypt Oil & Gas - Part 49
South Korea To Drop Iraqi Oil Field
South Korean state-owned company Korea National Oil Corp (KNOC) has decided to pull out of the Sangaw South oil field project in the Kurdish region of Iraq, due to uneconomic exploration results.
Iraq to Review Oil Foreign Contracts
Iraqi Oil Minister, Jabar Ali Al-Luaibi, stated that Baghdad wants to review contracts with oil companies to cut the fees that the firms receive when crude prices are low.
Iraq Resumed Oil Transmission Via Kurdish Pipeline
Iraq has resumed pumping oil from fields operated by state-run North Oil Company (NOC) via a Kurdish pipeline to Turkey. About 70,000 bpd of oil are being pumped through the pipeline controlled by the Kurdish Regiona ...
Gazprom Brought Four Iraqi Oil Wells Online
Russia's Gazprom Neft brought four new wells, with a combined output of 30,500 b/d, into production at Badra Field in Iraq, pushing the field’s total output to 3mt.
Iran to Launch Gas Export to Iraq
Iran stated that natural gas exports to Iraq will start in September 2016. The Managing Director of the National Iranian Gas Company (NIGC),Hamid-Reza Araqi, confirmed that Iran will initially ship 7 mcm/day to suppl ...
Iraq Opens New Gas Plant
Iraq started operating a new natural gas processing plant for southern oil fields in line with a plan to utilize gas that was previously flared for electricity production. Iraq Reached $3.6b Foreign Oil Investment Deal
Iraq has reached an agreement with BP, Shell, and Lukoil to restart stalled investment in oil fields that the firms are developing, allowing projects that were halted this year to resume and crude production to incre ...
Iraq to Boost Basrah Crude Oil Export
Iraq will export 3.257mb/d of Basrah crude oil in September, up 13% from August, with both Basrah Light and Basrah Heavy seeing a rise in volumes.
