Iraq | Egypt Oil & Gas - Part 59
Tarek El Molla: EGPC Forging Ahead with Iraq Project
The Egyptian General Petroleum Corporation (EGPC) plans to start crude oil production in South Iraq’s “9” zone by the beginning of 2016. EGPC has a 10% stake of Kuwait Energy in the privileged area.
Lukoil Iraq Production Up Inspite of Oil Price Slump
The Russian company says it received a letter from Iraqi authorities to reduce cost in West Qurna-2 field due to slump in oil prices
Kuwait Winning Crude Exploration Rights in Pakistan, Iraq
Kuwait Foreign Petroleum Exploration Company K.S.C. (KUFPEC) signed an exploration license and petroleum concession agreement with Pakistan, with the South Asian state awarding the Kuwaiti firm exploration rights in ...
Egypt’s EGPC to Invest for First Time Outside Country in Iraq/Kuwait Deal
Egypt's state oil company signed an agreement to join Kuwait Energy in developing an oil field in southern Iraq, the company's first foray into upstream work outside of Egypt, the Egyptian oil minister said on Sunday.
War-Torn Iraq Suffers Low Prices, Oil Debt and Turkish Swap
Iraq is building up debts to the oil companies developing its giant fields, industry sources said, a further sign of how the oil-price drop is putting a squeeze on revenues in OPEC's second-largest producer.
Iraq Selling Crude to Asia Below Middle East Benchmark
Iraq narrowed the discount for April crude deliveries to Asian buyers by the most since November 2011, joining other Middle East producers in raising official selling prices amid signs demand is improving.
Kuwait: Shale Oil Decline Ups Prices, Near Future Still Uncertain
A drop in shale oil production has triggered a rebound of global oil prices, but prices will not rise sharply as long as the world's economy stays sluggish, Kuwaiti Oil Minister Ali Al-Omair was quoted as saying
Kurdish Government Still Owes Genel $233 million
Genel Energy, one of the main oil producers in Iraqi Kurdistan, said it is still owed $233 million for oil it sold to the Kurdistan Regional Government (KRG) but is hopeful stable payments will start this year.
