Underlining its commitment to help strengthen Iraq's energy infrastructure, GE Oil & Gas has established a new technology and service center near Basra City, in the heart of the oil-rich North Rumaila region. The fac ...
Iraqi officials claim ExxonMobil has told the government it wants to sell its share in the West Qurna-1 oilfield, the first official confirmation the US giant is looking to pull out of the project in southern Iraq.
Dana Gas and Crescent Petroleum in their capacity as joint operator of the Khor Mor field, have announced that total production in their gas operations in the Kurdistan Region of Iraq has reached 80,000 barrels of oi ...
The Iraqi central government has agreed to pay foreign companies working in Iraq's Kurdistan region 1 trillion Iraqi dinars ($850 million) for costs incurred to produce and export crude oil from the region as part of ...
Gulf Keystone notes announcement by MOL Hungarian Oil and Gas Plc., the operator regarding the spudding of the Gulak-1 exploration well on the Akri-Bijeel block in the Kurdistan Region of Iraq.
Increased oil revenues have allowed Iraq to add around $9 billion to its 2012 budget bringing the total budget for the year to above $110 billion, a government spokesman said Tuesday.
U.S. giant oil services company Weatherford International Ltd. won a $843 million crucial oil field facilities contract from Eni SpA-led group that will boost oil production from Iraq's Zubair oil field by some 300,0 ...
Bad weather has disrupted oil exports from Iraq's southern offshore terminal and forced neighbouring Kuwait to halt all of its oil exports, a shipping source and government official told Reuters on Sunday.