Tag Archives: Iraq

The gas supply from Iran to neighboring Iraq’s electric power stations feeding the country’s southern and central parts was slashed by 19 million cubic meters per day, according to the local government. “The rates of Iranian gas being supplied to the production stations in the central regions and Baghdad have …

Canada-based ShaMaran Petroleum has agreed to acquire a stake of 18% in the Sarsang licence in the Kurdistan region of Iraq from TotalEnergies. Under the deal, ShaMaran will purchase a 100% stake in TotalEnergies subsidiary TEPKRI Sarsang, which holds production sharing contract (PSC) interest in Sarsang block. HKN Energy owns …

British tabloid “The Sun” wrote about “the growing fear of a third world war” against the backdrop of the emergence of Russian submarines in the Baltic Sea and US participation in the “war games” in the Black Sea. The publication notes that a submarine with Oscar-II class cruise missiles (according …

Iraq supports the proposal to increase OPEC+ production between August and December and backs the extension of the output cuts agreement till the end of 2022, the country’s oil minister said July 4, as ministers prepare to meet to resolve an impasse spilling over from last week’s meeting. The OPEC+ …

Iraq backs a proposal by the Organization of the Petroleum Exporting Countries and its allies to extend a pact on output curbs until December 2022, Oil Minister Ihsan Abdul Jabbar said on Sunday, adding he expected oil prices to remain at $70 per barrel or above until then, reports Reuters. …

Iraq’s Oil Minister Ihsan Abdul said Lukoil PJSC sent him a notification to sell its stake in the West Qurna-2 field to Chinese companies, and that BP Plc wants to pull out of the giant Rumaila field. In a video posted on a Facebook page under his name, the minister …

Basrah Gas Co. — a joint venture between Iraq’s state-owned South Gas Co., Shell and Mitsubishi Corp. — will receive a $360 million from the World’s Bank’s private sector financing arm to help OPEC’s second largest producer reduce gas flaring from its southern oil fields. The International Finance Corp. and …

The Iraqi state-owned Oil Marketer, SOMO, said on Sunday that the Chinese oil companies were the top buyers of Iraqi oil in May. In an official chart published on its official website, SOMO said that Chinese importers of Iraqi oil were eight, the most among 32 companies. Indian and U.S. …

The US Energy Information Administration (EIA) said on Saturday that Iraqi crude oil exports to the US declined to 155,000 barrels per day (bpd) during the past week. According to a report released by the EIA, “The United States imported crude oil from Iraq at a rate of 155,000 bpd, …

Masdar, a subsidiary of Mubadala Investment Company and one of the world’s leading renewable energy companies, has announced a strategic agreement with Iraq to develop solar photovoltaic (PV) projects in the country with a minimum total capacity of 2GW (gigawatts). Iraq, the second-largest oil producer in the Organisation of Petroleum …