Iraq | Egypt Oil & Gas - Part 50
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.
Exxon, Petrochina to Develop Iraq’s Oil Fields
ExxonMobil and Petrochina are in talks with the Iraqi government about possible solutions to boost crude production at the Nahran Oman and Artawi fields, said Iraqi Deputy Oil Minister, Fayyad Al-Nima.
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.
