Iraq | Egypt Oil & Gas - Part 50

OPEC Output at Record High in June

The Organization of the Petroleum Exporting Countries' (OPEC) oil output has risen in June to its highest in recent history as Iran and the Gulf member states boosted their oil supply.

Iraqi Kurdistan Conditions Oil Export Deal with Baghdad

Kurdistan Regional Government (KRG) is ready to sign a new agreement with the Iraqi central government and increase its oil exports if Baghdad guarantees KRG a monthly revenue of $1b from the federal budgets.

Iran’s Oil Export Doubles to 3.8mb/d

Iranian Ministry of Petroleum announced that the country's crude oil exports have doubled crossing the level of 3.8mb/d with over 2m barrels being exported to foreign destinations, since Iranian President, Hassan Rou ...

Iraq Approved IMF Measures to Unlock Loans

Iraq has approved measures requested by the IMF to unlock loans that help it overcome a cash crunch caused by declining oil revenue.

Iraq Is Pumping More Oil Than Ever Before

OPEC's second-largest producer, Iraq, increased daily oil production to an all-time high of 4.5mb/d, according to estimates by the research firm, JBC Energy.

Iraqi Troops Retake Two Gas Refinery Towns From ISIS

Iraqi troops liberated a gas refinery in the southern part of the strategically important city of Fallujah from Daesh militants, and also recaptured from Daesh's hands key parts of the northern refinery town of Beiji.

ISIS Launches Assault on Natural Gas Plant in Baghdad

ISIS Militant launch assault on natural gas plant in northern Baghdad, killing at least 11 people and wounding more than a doze,

Iraq Faces Oil Projects Delay As Firms Resist Spending Cuts

International oil firms have warned Iraq that projects to increase its crude output will be delayed if the government insists on drastic spending cuts this year

Dana Gas Records 50% Profit Decline in Q1

Abu Dhabi-listed company Dana Gas, which produces natural gas in Egypt and Iraq, reported a 50% decline in profit in Q1 as sales slumped due to lower hydrocarbon prices and 12% output fall.

Iraq, GE Sign Agreement to Boost Power Resources

Iraq’s Oil Ministry said it had signed a long-term “strategic framework agreement” with General Electric which comprised several projects to boost national power resources.

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