Iraq | Egypt Oil & Gas - Part 59

Technip and Unico Contract to Upgrade Basra Refinery

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

OPEC Pumps Record 2m bpd in Q1

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 Oil Exports Down But Still Impressive, According to Analysts

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

Iran to Meet Iraq Power Shortages with Gas Pipeline

Iran has moved closer to starting crucial natural gas exports to Iraq.

Saudi Arabia Spearheads OPEC Oil Boom as U.S. Shale Slows Down

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 ...

Petrojet Wins $185m Contract for Iraq Gas Project

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.

Iran Plans to Export Gas to Both Iraq and Kuwait

A high-ranking Iranian gas industry official says the Islamic Republic is ready to export natural gas to Kuwait via a pipeline, which is being built to transfer Iran's gas to its western neighbor, Iraq.

Japanese Company Hired to Refurbish Iraqi Power Plants

Mitsubishi Hitachi Power Systems (MHPS) has received an order from the Ministry of Electricity of Iraq for refurbishment of a 200MW unit (Unit 4) at the Hartha Thermal Power Station.

Foreign Oil Companies Weighing Up Post-Sanction Iran Prospects

Outside the boardroom of BP Plc’s headquarters on London’s swanky St. James’s Square, a display case houses the geological data from Masjid-i-Solaiman, Iran’s first oil well.

Genel Issuing Bonds to Keep Kurdish Projects Afloat

Genel Energy has priced an issue of $230 million in senior unsecured bonds due 14 May 2019 on the same commercial terms as the existing GENEL01 PRO $500 million bond

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