Iran Signed First IPC Deal Worth $2.5b

• Tuesday, 4th October 2016
• by Egypt Oil & Gas

The National Iranian Oil Company (NIOC) signed a $2.5b contract with Persia Oil & Gas Industry Development Company (POGIDC), a domestic firm in Iran, to develop the second phase of Yaran field and improve oil reco...

Iraq to Boost Oil Production and Exports

• Wednesday, 24th August 2016
• by Egypt Oil & Gas

Iraq’s Prime Minister, Haider al-Abadi, said his country intends to boost crude oil production and will not restrain output as part of any possible agreement among member’s of the Organization of the Petro...

Iraq to Review Oil Foreign Contracts

• Tuesday, 23rd August 2016
• by Egypt Oil & Gas

During a meeting with British Petroleum (BP), the Iraqi Oil Minister, Jabar Ali Al-Luaibi, stated that Baghdad wants to review contracts with oil companies to cut the fees that the firms receive when crude prices are ...