There is a concern that divestment from the industry will lead to critical resources not being developed.
Read More »Iraq Awards UAE. China Rights to Develop Oil in Northeast
Iraq’s 2018 budget of nearly $88 billion comes with a deficit of more than $10 billion.
Read More »Iraq Issues 6 Licenses of Oil. Gas Exploration to Foreign Firms
Iraq wants to increase its crude oil production to over 5 million barrels per day (bpd) from its current production of about 4.35 million bpd.
Read More »Crescent Petroleum to Increase Production in Iraq
UAE-based firm plans investment of $1b to boost gas production to 500m cubic feet by 2020
Read More »UAE`s Dana Gas Reaches Deal Over Delayed Kurdish Natural Gas Project
Kurdistan Regional Government says it will immediately pay $600m to Dana and its partners in the Pearl Petroleum consortium.
Read More »