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.
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 ...
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 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’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 ...
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.
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.
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.
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.