War-Torn Iraq Suffers Low Prices, Oil Debt and Turkish Swap

• Thursday, 12th March 2015
• by Egypt Oil & Gas

Iraq is building up debts to the oil companies developing its giant fields, industry sources said, a further sign of how the oil-price drop is putting a squeeze on revenues in OPEC's second-largest producer.

Anti-ISIS Airstrike Leaves Syrian Oil Workers Dead

• Tuesday, 10th March 2015
• by Egypt Oil & Gas

At least 14 people have been killed in US-led coalition air strikes on an oil refinery in northern Syria run by Islamic State (IS), activists say.

Attacks Make Oil Fields NonOperational in Libya

• Monday, 9th March 2015
• by Egypt Oil & Gas

The Libyan national oil company declared 11 oil fields nonoperational because of “theft, looting, sabotage and destruction” by “unidentified armed groups,” the company said in a statement late Wednesday.

Syrian Forces Recapture Al-Jazl Oilfield from Islamic State

• Sunday, 8th March 2015
• by Egypt Oil & Gas

Syrian government forces have managed to wrest full control of an oil field after they engaged foreign-sponsored terrorists in the crisis-stricken Arab country’s western province of Homs.

ISIS Smuggles Oil, Scares Off Oil Investments

• Thursday, 26th February 2015
• by Egypt Oil & Gas

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.

Sanctions Proposed Against Those Buying ISIS Oil

• Sunday, 8th February 2015
• by Egypt Oil & Gas

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.