Iraq | Egypt Oil & Gas - Part 53
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.
Iraq Seeking Foreign Investments to Increase its Oil Output
Iraq's state-run South Oil Co. (SOC) has approached PetroChina and ExxonMobil about investing in a multi-billion-dollar Integrated South Project to boost infrastructure that will allow to increase output from its sma ... 
