Tag Archives: Iraq

Most of the shortfall has come from Venezuela. where an economic crisis has savaged the nation’s petroleum production.

Iran is negotiating with Russia’s Gazprom Company for the development of Azar and Changooleh oilfields shared between Iran and Iraq.

OPEC members. including Saudi Arabia. and other oil producers will meet in Vienna this week.

Saudi Arabia has enjoyed diplomatic ties with the US for decades.

Europe-bound Kirkuk crude was lowered by 50 cents b to a discount of $3.90 b to Dated Brent.

Iraq'.s plan is to increase export capacity to 6.5 million bpd by 2022.

Iraq has formed a joint venture with a shipping company owned by Arab states to transfer. store and trade crude and oil products.

Chevron has signed a memorandum of understanding (MoU) with Basra Oil Company.

Some new members-elect of Iraq’s parliament think that Iraq should be able to export as much crude oil as it wants.

Last December. Iraq and Iran reached an agreement for oil swap for one year.