Iraq | Egypt Oil & Gas - Part 51

Iraq Oil Export Increased to 3.5mb/d in April

Oil fell as rising exports from Iraq underlined the global oversupply situation over an increase from Iraq's southern ports of an average of almost 3.5mb/d in April, an official from the state-run South Oil Company said.

Iraq Marks First Historical Natural Gas Export

Iraq exported the first shipment of 10,000cm of natural gas in its history in March, which marks a key development for the OPEC member struggling to feed its cash-strapped economy amid an expensive fight against the ...

Egypt to Take Part in Oil and Gas Projects with Iraq

The Ministry of Petroleum seeks to expand its foreign activities through oil and gas production in Iraq.

Eni Opens Three New Plants in Iraq’s Zubair Field

Italian energy company Eni has opened three new plants for oil, gas, and water treatment in the Zubair oil and gas field in Southern Iraq.

Iraq’s Oil Exports Fall Below Planned Levels in February

Iraq’s Oil Ministry stated that its crude exports declined to an average of 3.225mb/d in February, far below levels planned to provide the nation with badly needed cash for ongoing military operations against Islamic ...

Iraq’s Basrah Gas Company Doubles Gas Production

Iraq’s Basrah Gas Company (BGC) doubled the amount of gas that was processed from three flaring oilfields in Iraq since it started operating in 2013, in attempt to further increase its production rates.

Iraq, Iran to Hold Talks on Gas Pipeline Deal

Baghdad and Tehran agreed to hold talks about a gas pipeline deal between the two countries to execute 25mcm of gas shipment to Iraq.

Iraq Signs $328.8m Deal with GE to Stem Electricity Crisis

Iraq has agreed to a $328.8m deal with General Electric (GE) to boost electricity production capacity by 1,000 MW through providing equipment and maintenance for ten power plants across the country.

UK’s RSK Group Conducts First Aerial Oilfield Surveys in Iraq

The RSK Group, a privately-owned environmental consultancy in the UK, has completed its first aerial survey in southern Iraq using an unmanned aerial vehicle (UAV), which is to become of particular use for oil compan ...

Genel Optimistic over Prospects despite Revenue Decline

Genel Energy, a major oil investor in the Kurdish region in Iraq, said that it was optimistic for its economic prospects for 2016 in spite of the decline in oil prices and the security situation in Iraq.

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