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.
Statoil is looking at possible opportunities in Kurdistan as the Norwegian state oil company prepares to pull the plug on its participation in the West Qurna 2 project in Iraq, its exploration chief has revealed.
Production at Iraq's West Qurna Phase-2 oilfield is expected to hit 500,000 barrels per day (bpd) in 2014, Iraq's oil minister said on Wednesday, as drilling of the first oil well began.
DNO International ASA, the Norwegian oil and gas company, announced today that it has completed drilling of the Peshkabir-1 exploration well in the Kurdistan Region of Iraq and is preparing to test observed oil shows ...
Heritage Oil Plc, an independent upstream exploration and production company, provides an update on the Miran West-3 well in the Kurdistan Region of Iraq.