Iraq | Egypt Oil & Gas - Part 63
Iraq: Budget Trimmed Due to Oil Prices
Falling oil prices forced Iraq’s cabinet to revise its draft 2015 budget, trimming its forecast for oil to $55 a barrel from $60.
Shell to Make Iraq Top Petrochem Producer
Royal Dutch Shell (RDSa.L) has signed a deal with Iraq worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser al-Esawi said
Disputed Kurdish Tanker Leaves Texas
More Kurdish oil will probably head to the U.S. even as a tanker carrying 1 million barrels of disputed crude returns to the Mediterranean Sea six months and $60 million less valuable after anchoring off Texas.
Egypt Cancels Iraq’s Debts for Oil Shares
Reports revealed that the Egyptian and Iraqi governments have reached the proposal on the Iraqi debt to be canceled in exchange for shares of oil.
Iraq: Output Must Rise to Compensate for Price Drop
Iraq, the nation adding more new oil to global markets than any other supplier in OPEC, said it needs to boost production and exports of crude to compensate for collapsing prices.
Kurd Oil Boosting Supply at Low Prices
Oil producers in Iraqi Kurdistan are unrelenting in their goal to boost output even after the collapse in international prices to below $50 a barrel.
Expanding Iran-Iraq Trade to Include Gas
The bilateral trade value of Iran and Iraq has reached $12 billion
Iraq Pumping Crude at Record Levels
Iraq is pumping crude at a record pace and will continue to boost exports this year amid a global market glut that’s pushed prices down, Oil Minister Adel Abdul Mahdi said.
