Iraq
News
October 15, 2015
Oil producers operating in the Kurdish area of Iraq rallied Thursday after Gulf Keystone Petroleum Ltd. received its second payment from the regional government for crude exports.
News
October 13, 2015
Petrofac has been awarded a multi-million dollar technical training contract with Shell Iraq, achieving their fourth win with a major operator in the country.
News
October 13, 2015
Oil production from Iraq, the world’s fastest source of supply growth last quarter, will remain similar to current levels next year as the slump in crude prices and the cost of fighting Islamic State militants hamper the government’s ability to invest in new capacity, the International Energy Agency said.
News
October 05, 2015
Iraq’s Kurdish region ramped up crude exports by 27% in September as the semi-autonomous enclave seeks greater financial independence amid a budget dispute with the federal government in Baghdad.
News
September 28, 2015
Iraq’s oil production is at risk for winter when “loading problems” have historically reduced output by 300,000 bopd to 500,000 bopd, Barclays Plc said.
News
September 22, 2015
Iraq’s self-ruled Kurds can’t sell Iraqi crude oil in the U.S. under a court decision that puts a fresh hurdle in the path of Kurdish efforts to achieve financial independence from the central government in Baghdad.
News
September 21, 2015
Gazprom Neft has received its second allocation of oil from the Iraqi State Organization for Marketing of Oil (SOMO) in compensation for costs incurred in developing Badra oil field.
News
September 15, 2015
Genel Energy has signed a definitive sale and purchase agreement with OMV to acquire its 36% operated stake in Bina Bawi field, in the Kurdistan region of Iraq.
News
September 15, 2015
Iraq asked oil companies to reduce their 2016 spending plans in the country by Sept. 30, citing lower oil prices and government revenue.
News
September 03, 2015
Iraq’s crude production will start to decline in 2018 because of a slowdown in investment due to lower oil prices and a costly war on Islamist militants, according to Morgan Stanley.
News
August 19, 2015
The costs of OPEC’s plan to protect members' share of the oil market by out-producing rivals are mounting.
News
August 03, 2015
DNO ASA and Genel Energy Plc shares surged after the regional government of Iraq’s northern Kurdish region said it would start paying them for oil exports next month.
News
July 28, 2015
Iraqi’s oil exports from the south climbed to a record this month at the same time the self-ruled Kurds in the north are shipping crude independently, adding to a global supply glut as producers vie for market share.
News
July 08, 2015
Iraq’s self-ruling Kurds are threatening to bypass the country’s central government and sell oil produced in the neighboring Kirkuk region in a dispute over revenue from crude sales by OPEC’s second-largest producer.
News
June 26, 2015
A fourth well has been brought into production at Iraq’s Badra field, which is operated by Gazprom Neft. This new high flow-rate well (Р-05) has allowed total production at the field to nearly double to 27–28,000 bopd.
News
June 04, 2015
Never mind cutting output to staunch a global glut, the talk so far at this week’s OPEC summit is mostly about pumping more oil.
News
June 01, 2015
ERGIL, a global expert in engineering, construction and manufacturing for storage tanks and equipment conducted a comprehensive engineering, design, material supply and fabrication project.
News
June 01, 2015
Iraq, OPEC’s second-biggest oil producer, is exporting a new grade of crude after customers complained about the quality of oil from the country.
News
May 06, 2015
DNO ASA has doubled the capacity at its flagship Tawke field in the Kurdistan region of Iraq to 200,000 bopd.
News
December 30, 2014
ST. PETERSBURG, Russia -- Gazprom Neft has brought a third well into production at Iraq’s Badra oil field. The commissioning of this third well ensures the sustainable production of at least 15,000 bopd. Drilling of a further three wells at Badra field is continuing, under a contract previously concluded with China’s ZPEC.
News
December 26, 2014
ABU DHABI (Bloomberg) -- OPEC will need to “step in” amid further declines in oil prices, which are fair at about $70/bbl to $80/bbl, according to the group’s second-biggest producer.
