Iraq’s proven oil reserves stand at over 145 billion barrels. while gas reserves exceed 3.7 trillion cubic meters.
Read More »US to Extend Sanctions Waiver for Iraq to Import Iranian Gas. Electricity
The United States has signaled to Iraq its willingness to extend sanctions waivers enabling the country to continue importing vital Iranian gas and electricity imports. an American media quoted three Iraqi officials as saying this week.
Read More »Iraq to Halt Oil Output at Southern Oil Field
Nahr Bin Omar oil field is considered one of the most controversial fields because of the pollution and gas emissions.
Read More »Iraq Is the Largest Oil Exporter to India
India'.s imports from the Middle East declined from 145.8 million tons in 2018 to 132.4 million tons last year.
Read More »Iran has Capacity for $31bn Worth of Exports to Neighbors
Iran enjoys high potential to export up to $20. $6 and $5 billion worth of products to Iraq. Afghanistan. and Pakistan respectively.
Read More »$6 Million Bribes Helped to Win Iraq Oil Deals. Prosecutors Say
Maneuvering. manipulation and $6 million in bribes helped oil companies win contracts with Iraq in the aftermath of Saddam Hussein’s reign. U.K. prosecutors said.
Read More »BP Pulls out of Iraq’s Kirkuk Oilfield as Studies Disappoint
BP provided technical assistance to Iraqi state-held North Oil Company to help it with the redevelopment of the Kirkuk field.
Read More »Iraqi Oil Field Halts as Reform-Driven Protests Escalate
Iraq temporarily stopped work on an oil field on Sunday and supply from a second production site is at risk as widespread unrest escalates in one of OPEC’s biggest producers.
Read More »Iraq`s Oil Supply Vulnerable amid Mideast Tensions
Iraq’s fragile security situation may limit its plans to expand oil-production capacity in the medium-term.
Read More »Iraq Could Risk Dollar Access. Oil Marketing if U.S. Troops Out
Iraq’s government could lose access to its dollar account at the Federal Reserve if the Trump administration imposes sanctions.
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