Tag Archives: Iraq Oil Ministry

Foreign investments are the only way for Iraq’s reconstruction to move forward.

The Egyptian government had agreed to buy 12 million barrels of oil per year from Iraq.

Iraqi authorities are looking to speed up gas exploitation to help overcome severe electricity shortfalls.

Iraq is in full agreement with OPEC members that the freeze should continue.

The bidding terms will be finalised by the end of May and the ceremony to open the bids will be held on June 21.

Kirkuk crude sales have been halted since Iraqi forces took back control of the fields in October.

Russia comfortably remained China'.s top crude supplier in November.

About 30.000 barrels per day of crude will be trucked to Iran’s Kermanshah refinery in the first instance.

In southern Iraq. Chevron is one of the major foreign companies—alongside France’s Total and Petrochina.

The pipeline will run for over 350 km. and will be 48 inches in diameter.