Iraq’s cabinet may reactivate a deal with Halliburton Co. to drill wells in a western gas field in Akkas next month, Oil Minister Ihsan Abdul Jabbar said. An agreement with Halliburton would enable the oil ministry to get clear data on the production capacity of the Akkas field and it …
Read More »Iraq: We will Need Iranian Natural Gas for Coming Years
Iraq’s electricity minister says the country has not reached an agreement with Arab countries of the Persian Gulf region and will need to import natural gas from Iran for the coming years. “We do not accept their [Persian gulf countries’] prices. Iranian natural gas is appropriate for Iraq and its …
Read More »Iraq Oil Exports $11.07bn in March, Highest for 50 Years
Iraq exported $11.07 billion of oil last month, the highest level for half a century, as crude prices soared amid shortfall fears following Russia’s invasion of Ukraine, the oil ministry said. The second largest producer in the Organization of the Petroleum Exporting Countries (OPEC), Iraq exported “100,563,999 barrels for revenues …
Read More »Iraq to Resume Oil Agreement with Jordan at $16 below the Market Price
Jordan and Iraq on Saturday agreed to extend the memorandum of understanding (MoU) under which the Kingdom imports Iraqi Kirkuk crude oil with a daily average of 10,000 barrels delivered to the Jordan Petroleum Refinery in Zarqa. Assistant for energy affairs at the Energy Ministry Hassan Hiari noted that the …
Read More »Iran, Iraq Sign Joint Oil Field Development Contract
CEO of the National Iranian Oil Company announced that Iran and Iraq have signed a contract for developing the ‘Sohrab’ joint oil field. Mohsen Khojasteh-Mehr said the contract for developing the ‘Sohrab’ joint oil field with Iraq in Khuzestan Province was signed to produce 30,000 barrels per day and also …
Read More »High-Ranking Iraqi Delegation to Visit Iran to Discuss Gas Imports
A high-ranking Iraqi delegation is due to visit Tehran next week to discuss settling the country’s gas dues and resuming the imports of natural gas from Iran, Iraqi news portal sotalIraq.com quoted the spokesman of Iraq’s Electricity Ministry as saying. As ISNA reported on Sunday, Ahmed Musa said that a …
Read More »Iraq’s Oil Exports to the United States Increased in Last Week
The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq’s export oil to the United States increased to 285 thousand bpd in the last week. EIA stated in a report, “The United States oil exports recorded 6.114 bpd in the first week of January.” The top three source countries …
Read More »Iraq Starts Talks with Halliburton on Anbar Gas Project
Iraq has begun negotiations with the US oil major Halliburton to develop a crutch gas field in Anbar governorate, looking to increase its hydrocarbons output as oil prices rise. The Ministry of Oil has also sent the initial contract for the development of Mansourieh gas field to the Council of …
Read More »Kurdistan’s Parliament: Baghdad’s Decision about Oil and Gas Is a “Serious Blow to the Iraqi Federal System.”
The Kurdish Parliament said that the Federal Court’s decision regarding the oil and gas law is a “serious blow to the Iraqi federal system and the rights of citizenship.” In a statement, the Parliament confirmed that the Federal Court’s decision “violates the foundations of the federal system and the Iraqi …
Read More »Iraq’s $27-Billion TotalEnergies Deal Stuck over Contract Wrangling
Iraq has struggled to attract major fresh investments into its energy industry since signing a flurry of post US-invasion deals over a decade ago A $27-billion deal between France’s TotalEnergies and Iraq, that Baghdad hoped would reverse the exit of oil majors from the country, has stalled amid disputes over …
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