Tag Archives: Iraq

Iraq’s Ministry of Oil has announced finalised oil exports for June of 86,765,589 barrels, giving an average for the month of 2.892 million barrels per day (bpd), slightly down from the 2.899 million bpd exported in May. The exports from the oilfields in central and southern Iraq amounted to approximately …

Only second to Russia, Iraq is among the top gas flaring countries in the entire world, the World Bank’s (WB) Gas flaring tracker report said. In the 2020 Gas flaring tracker report, the WB said that Iraq burns 70% of the total natural gas produced in the country, which was …

Iraq has signed an agreement allowing the cash-strapped Lebanese government pay for one million tonnes of heavy fuel oil a year in goods and services, helping Lebanon ease its acute power shortage, the two sides said on Saturday. Lebanon is in the throes of an economic meltdown threatening its stability. …

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 …