Iraq. which overtook Iran as the second OPEC producer when Tehran was slapped with intensified sanctions. exported 3.93 million barrels a day in May.
Read More »Iran Trades Electricity with 4 Countries
Iran is the largest electricity producer in the Middle East with an installed power generating capacity of around 76.000 MW.
Read More »Iran Resumes Gas Exports to Iraq
Iran has inked two separate contracts to export the product to Iraqi cities of Basra and Baghdad.
Read More »Iraqi Oil Exports Fall to 5-Month-Low
Iraq has undertaken the second largest cut in oil output after Saudi Arabia among the participants of the OPEC deal signed last year in Vienna.
Read More »Iraq Agreed with Egypt on Establishing Joint Oil Companies
Iraq enjoys an excellent geographic location that overlooks each of Iran. Turkey and the Arab world from the other side.
Read More »Iraq Plans to Double Exports from Amaya Oil Terminal to 1 Million bpd
Iraq is OPEC”s second largest oil producer after Saudi Arabia. recording a daily production of 477.5 million barrels per day in 2016.
Read More »Iraq’s Kurds to Hold Independence Referendum in September
Iraqi Kurdistan is made up of three provinces that are run by an autonomous regional government and protected by their own security services.
Read More »Aramco Raises Crude Pricing to U.S. and Asia on Increased Demand
Saudi Aramco had cut Arab Light pricing to Asia for the past three months as the kingdom fought to defend sales.
Read More »Iraq May Consider Avoid Crude Production
SOMO and Russia'.s Litasco have set up a joint trading company in Dubai to market crude.
Read More »Iran Needs to Develop Gas Projects
Currently. Iran has agreements with Iraq and Oman to supply 28 bcm y of gas.
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