Tag Archives: Iraq

Iraq has asked BP to help increase output from Kirkuk oilfield to more than 700.000 barrels per day.

some 30.000 barrels per day of Kirkuk crude oil would be transferred ``in the near future`` by trucks to Iran’s Kermanshah refinery.

The oilfield is now producing 85.000 barrels per day. according to the Iraqi oil minister.

Saudi Arabia and Iraq are respectively the biggest and second biggest producers of OPEC.

The oil can be transferred both to Iran’s northern refineries and the southern export terminals.

".Whatever the agreement will be. we will support it.". the minister said.

Iraq is the second-largest crude oil producer in the Organization of the Petroleum Exporting Countries (OPEC) after Saudi Arabia.

In just one month. Iraq turned from cheater to complainer. after clashes in Kurdistan added some geopolitical risk premium to oil prices.

The current agreement builds on GE’s significant legacy of contributions towards strengthening Iraq’s power sector.

Tehran and Baghdad signed a deal on the exports of natural gas from the giant South Pars Gas Field in 2013.