Iraq | Egypt Oil & Gas - Part 52

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.

Iraq Mulls Tying Oil Companies’ Revenues to Global Oil Prices

The Iraqi oil ministry is holding talks with foreign oil companies debating alteration to the signed agreements in an attempt to switch from the currently used service agreements model to a revenue-sharing model that ...

Iran Plans to Boost Oil Output by 500,000 Barrels a Day

Iran has announced plans to boost its oil production by 500,000b/d, taking advantage of the final removal of sanctions in mid January.

KRG Struggling for Cash as Oil Debts, ISIS Threat Mount

The autonomous Kurdistan Regional Government (KRG) in northern Iraq announced that it may sell parts of its electricity sector to raise funds to reduce its budget deficit.

Iraq’s Nassiriya Field Development, Refinery Project Back on Track

The Iraqi oil ministry and newly established Dhi Qar Oil Company are reviving plans to boost production and refining of crude oil from the Nassiriya field in southern provinces at a capacity of 300,000b/d, delayed fr ...

ISIS Employs Foreign Workers to Keep its Oil Flowing

The Islamic State militant group had employed thousands of workers to keep crude pumping from rudimentary wells captured in the oil fields of Iraq and Syria. Oil revenue is making up nearly half of the group’s profits.

Page 52 of 67

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