Iraq
News
March 02, 2017
Iraq’s crude exports rose 1% by volume in February, contrasting with a decrease in monthly shipments by Saudi Arabia after both countries agreed to OPEC’s plan to cut oil production in an effort to prop up prices and trim a global oversupply.
News
February 22, 2017
LUKOIL and INPEX have successfully completed the testing of the first exploratory well, Eridu 1, at Block 10 in southern Iraq.
News
February 20, 2017
Rosneft has begun drilling of the first exploration well at the Block 12 in the Republic of Iraq.
News
February 16, 2017
Iraqi crude shipments rose 3% in the first half of February even after OPEC’s second-biggest producer agreed to participate in global output cuts to mop up a glut that has put pressure on oil prices.
News
February 13, 2017
Iraq’s oil exports are poised to slump to a seven-month low in March as ongoing maintenance at some of its biggest fields coincides with a seasonal slump in shipments, potentially helping the country to meet a pledge to OPEC that it would restrict crude supply.
News
February 01, 2017
Iraq won’t bar U.S. citizens from entering the country, Prime Minister Haider Al-Abadi said, averting a potential disruption to the oil industry of OPEC’s second-biggest producer.
News
January 23, 2017
The government of Iraqi Kurdistan paid international oil companies for the first time in seven weeks, as rising crude prices gave a much-needed boost to the region’s coffers.
News
January 10, 2017
Iraq has reduced its oil production by 160,000 bpd and will comply with cuts it agreed to make under an OPEC output deal, Oil Minister Jabbar Al-Luaibi said, even as ship loading data suggested that exports are set to increase next month.
News
January 09, 2017
DNO ASA, the Norwegian oil and gas operator, has announced that the Peshkabir-2 well currently drilling in the Kurdistan region of Iraq has discovered oil in the Cretaceous horizon in the southern flank of Peshkabir field.
News
January 09, 2017
Iraq’s oil exports from its southern ports in the Gulf reached a record high in December, just before the country was due to join other major producers in cutting output to help curb a global oversupply.
