Iraq | Egypt Oil & Gas - Part 55
Iraqi Oil Company Hires Third Party Inspection Firm
Intertek has won a multi-year third party inspection procurement contract for the South Oil Company (SOC) in Iraq, a national Iraqi company responsible for all the oil and gas projects in southern Iraq EGPC, Kuwait Energy to Join Forces in Iraq
The Egyptian General Petroleum Corporation (EGPC) signed an agreement with Kuwait Energy, forming a joint venture that will explore in Iraq,
Iraq Exports Threatened by Kurdish Government
Barclays Plc has warned that Iraq’s oil production is at risk for the upcoming winter when “loading problems” emerge and reduce output by 300,000 to 500,000 b/d
Iran’s Back and Forth over Planned New Contract Bonanaza
According to Press TV, Iran's Minister of Petroleum Bijan Zangeneh announced that his country will hold a conference to unveil its new model oil contract in Tehran instead of London.
Iraqi Debts Prompt Request for Oil Companies to Reduce Spending
Iraq has formally asked oil companies investing in the country to reduce their 2016 spending plans by September 30, citing lower oil prices and government revenue
Iraq’s Planned Export Push Depends on Basra Crude
According to Reuters Iraq is aiming to export a record volume of Basra crude from its southern terminals in October during the current price war being fought between Saudi Arabia, Kuwait, and Iran.
Iran Breaks Diesel Export Barrier, Draws in European Banks
Iran, for the first time, has become a net exporter of gas oil, said Nasser Sajjadi the managing director of Iran's national oil distribution company (NIOPDC)
Iran to Pursue EOR Contracts Internationally
Press TV quoted Mohammad Keramati, the head of the Iranian Research Institute of Petroleum Industry, as saying that more than 490b barrels of Iran’s oil reserves are not recoverable without the right technologies.
