Iraq | Egypt Oil & Gas - Part 55
Iraq Hit by Blackouts as Iran Bolsters Electricity Supply
Reuters reported that an explosion targeting the Mirsad electrical line in eastern Iraq disrupted the flow of electricity originating in neighbouring Iran, announced the Iraqi electricity ministry.
Kurds Share Oil Wealth with IOCs to Get Around Baghdad’s Strictures
International oil companies (IOCs) working in Iraqi Kurdistan will now receive monthly payments beginning September for the crude they produce and export,
Iran to Bring $2.5 Bn Worth of Gas Power to Basra, Iraq
Iran is building a natural gas combined cycle power plant in Iraq’s Basra at a cost of $2.5 billion in the Persian country’s biggest engineering services deal yet.
Kurdistan Begins to Bypass Iraq Crude Export Controls
Iraqi Kurds are independently selling oil produced in their region, bypassing the country’s state crude marketer for all exports so far this month, said Safeen Dizayee, a spokesman for the Kurdistan Regional Government.
Iran’s $2.3 Bn Gas Detour to European Maretplace
Iranian companies signed a $2.3 billion agreement on Monday to build 1,300 kilometers of pipeline which the country sees as its most important conduit for future gas exports to Europe.
Genel Still Awaiting More of Owned Money from Iraq Kurds
Genel Energy has put all exploration work on hold for this year to rein in costs, the London-listed oil producer said waits nearly $400 million in oil sales payments from the Kurdistan Regional Government (KRG).
Unaoil to Rehabilitate Two Iraq Compressors
UnaE&C Iraq, an engineering and construction subsidiary of Unaoil Group, has been awarded a contract for the rehabilitation of two compressor stations at Iraq’s West Qurna oil field by Basra Gas Company (BGC).
Gulf Keystone Financial Position Improves, Expands Kurd Crude Export Plans
Gulf Keystone Petroleum Ltd said it had received further payments on recent contracts, helping prop up its cash position, and continued to progress towards a regular payment cycle for the oil it produces.
