Tag Archives: Iraq

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.

This discovery as an important milestone in the development of exploration and production projects abroad.

LUKOIL will remain one of the largest investors and employers in Iraq in the coming years.

Iran-Iraq gas export contract is currently a six-year deal. but it can be extended.

Iraq is OPEC'.s second-largest oil producer. after Saudi Arabia.

Iraq exported 100 million barrels of oil in April. a daily rate of 3.3 million barrels.

The export level dropped because of maintenance work carried out at loading terminals in early April.

Basra. Iraq'.s second largest city. needs Iranian gas to feed its power plant.