Iraq | Egypt Oil & Gas - Part 50
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.
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.
