Iraq | Egypt Oil & Gas - Part 50

Japan to Lend Iraq $2.1b to Develop Basra Oil Refinery

A top Iraqi official announced that Japan will lend an amount of $2.1b to Iraq, to be allocated for developing Basra refinery.

Iran to Export 25mcm/d of Gas to Iraq

Director of the International Affairs Department at National Iranian Gas Company (NIGC) said that an Iraqi delegation will be present in Iran in early August to discuss a natural gas export project.

Iraq to Witness Rise in July Oil Exports

Iraq's oil exports are set to rise in July, according to loading data and an industry source, putting supply growth from OPEC's second-largest producer back on track after two months of declines.

UAE’s Drake&Scull Wins $62m Iraqi Zubair Oilfield Contract

UAE's Drake & Scull International (DSI) said it has been awarded a $62m contract at the Zubair oil and gas field in Basra in southern Iraq by a subsidiary of Italian energy giant Eni.

ISIS Establishes Micro-Refineries in Iraqi Oil Fields

Satellite images show that the Islamic State (IS) has dug hundreds of pits in Mosul oilfields to store and refine crude oil after its refineries and oil tankers were destroyed.

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.

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