BP has cut its development budget for Iraq's giant Rumaila oilfield by $1 billion this year after the government warned a slump in crude prices and its battle against Islamic State was making it difficult to pay oil ...
Rates for the world’s biggest oil tankers surged to the highest since January as shipments accelerated from Saudi Arabia and Iraq, the two biggest suppliers in the Persian Gulf.
Atlas Knowledge, an international learning solutions provider, has signed a landmark deal that will see it work with the Iraqi Government to deliver world class safety and technical training to the country’s oil and ...
Technip, in partnership with Unico, a Japanese engineering consultant, has been awarded a project management consultancy (PMC) contract on a reimbursable basis, for the upgrading of the Basra refinery
The world's biggest oil exporters in OPEC have increased production and are now pumping almost 2m bpd more crude than required, the highest surplus for at least a decade.
Iraq's oil exports have slipped so far in April to 2.92 million b/d, according to loading data and industry sources, although shipments from OPEC's second-largest producer remain close to a record high
Saudi Arabia pumped close to a record amount of crude oil last month, leading the biggest surge in OPEC output in almost four years just as the U.S. shale boom shows signs of slowing, the International Energy Agency ...
Egypt’s state-owned Petrojet has been awarded a $185m contract to build the first gas-processing plant for Iraq’s Siba oilfield, operated by Kuwait Energy, reported Amwal al Ghad.