Iraq | Egypt Oil & Gas - Part 62

ISIS Smuggles Oil, Scares Off Oil Investments

A key source of funding for the Islamic State is illicit oil trafficking, which has led to huge financial losses for the affected oil companies, according to recent reports.

Jordan, Egypt to Potentially Receive Gas from Proposed Iraqi Pipeline

The Jordanian Minister of Energy and Mineral Resources, Mohamed Hamed, announced Jordan's intention to pursue a project to extend a gas pipeline from Iraq to Jordan. This would provide his country and potentially Egy ...

Lukoil Completes Iraqi Seismic Survey Ahead of Schedule

Lukoil has finished its 2D seismic survey at Block 10 in southern Iraq, which began in April 2014 and covered 2,000 linear kilometres

Unaoil Subsidiary to Rehabilitate Basrah Compressor Stations

Iraq-based Basrah Gas Company (BGC) has awarded UnaE&C Iraq, an engineering and construction subsidiary of Unaoil Group, a contract for the rehabilitation of West Qurna compressor stations CS7 and CS8 at West Qurna, ...

Iraq, Iran Emulate Saudi Arabia in Asian Markets

Iraq and Iran cut their prices for March crude oil deliveries to Asia to the lowest in more than a decade, signalling the battle for a share of Opec’s largest market is intensifying.

Iraq Crude Oil Exports Decline by 14%

Iraq’s Oil Ministry said on Thursday that crude exports averaged 2.535 million b/d in January, a decrease of nearly 14% from the previous month, depriving the nation of badly needed cash both for ongoing military ope ...

Iran Consortia to Build Gas Pipeline to Iraq

A top Iranian energy official says a total of 14 domestic consortia have voiced readiness to finance the construction of a pipeline that will transport natural gas from Iran to its western neighbor, Iraq.

Hayward: Low Prices Will Retard Iraq Oil Growth

The head of Iraqi Kurdistan-focused oil producer Genel said Tuesday that Iraq's crude output would grow far slower than many expect, as the drop in oil prices reduces investments and stokes instability in the country.

Kurdish Oil Exports Localized

Oil producers in Iraqi Kurdistan, including Gulf Keystone Petroleum and Genel, have started ramping up deliveries to the local market at the expense of foreign sales after months of unpaid export bills.

Sanctions Proposed Against Those Buying ISIS Oil

A proposed U.N. resolution to crack down on the financing of terrorist groups calls for sanctions on individuals and companies trading oil produced by the Islamic State and other al-Qaida-linked groups.

Page 62 of 68

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