Tag Archives: Iraq

The state-owned Iraqi Midland Oil Company said that it has discovered huge oil reserves in the East Baghdad oil field. Mohammed Yassin Hassan, director general of the company, said the new discovery is expected to add more than 2 billion barrels to Iraq’s oil reserves, according to a statement by …

On Tuesday, Basrah crude oil prices dropped tracking a decline in global oil markets. Basrah Heavy crude decreased by $0.83, or 1.06%, to $77.60 per barrel, while Basrah Medium crude also decreased by $0.83, or 1.02%, to settle at $80.85 per barrel. The drop comes as global oil prices reacted …

The director of the state-run Basra Oil Company (BOC), Bassem Abdul-Karim Al-Shamkhani, revealed on Thursday that Iraq and the world’s second-largest oil service company, Halliburton, almost finalized an agreement to develop the Nahr Bin Umar oilfield in the southern part of the country. The Iraqi Ministry of Oil and Halliburton …

The Director-General of Basra Oil Company, Basem Abdul Kareem, announced on Thursday that Iraq and the US oil services company, Halliburton, are nearing the finalisation of an agreement to develop the Nahr Bin Omar oil field. Abdul Kareem added that Iraq’s Ministry of Oil and Halliburton are expected to sign …

The US Energy Information Administration (EIA) announced, on Sunday, that Iraqi oil exports to the US had dropped during the past week. “In a span of a week, the US imports of crude oil from 10 major countries amounted to 6.016 million bpd, up by 251,000 bpd from the previous …

Iran exported non-oil commodities valued at $9.4 billion to Iraq during the first nine months of the current Iranian calendar year (March 20-December 21, 2024), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced. Foroud Asgari said that Iraq was the second top export destination of the …

French oil and gas company TotalEnergies has begun building a gas processing facility in Iraq, the first stage of a massive multi-energy project. ArtawiGas25 will process 50 million cubic feet of gas per day from the Ratawi field, enough to supply local plants to power 200,000 households in the Basra …

The first concrete step toward increasing Iraq’s dependence on renewable energy sources to generate power is the start of the country’s first solar energy plant. In light of the country’s growing need for power, the government is taking this move to diversify its energy sources and attain sustainability in the …

Iraq’s energy industry is undergoing significant developments reflecting government initiatives to increase the production of electricity and oil in order to fulfill the country’s increasing demands and boost economic growth. In order to enhance the energy infrastructure and achieve a sustainable vision for resource management, the Iraqi government is putting …

In light of the electricity crisis facing the country due to the recent reduction in Iranian gas supplies, Iraq revealed on Sunday the latest developments related to its gas deal with Turkmenistan, which it has been pursuing for almost a year. The Iraqi Ministry of Electricity firmly denied the allegations …