Tag Archives: Iraq

EIA’s forecast for 2018. in contrast. increased compared to the previous outlook. when it was at 40.2 million barrels per day.

Production capacity in the West Karoun oilfields is set to reach 500.000 barrels per day by July from the present 300.000 bpd.

Iran'.s crude oil edged closer to $50 a barrel at the end of last month.

Total has submitted a development proposal for the project.

. Iran is now producing 3.9 million bpd of crude oil and gas condensates.

Under the deal with the KRG. Rosneft will receive its first 600.000-barrel cargo this week.

A major new oil gas discovery. similar to the giant South Pars Gas Field. is unlikely to take place.

NIDC has 75 drilling rigs. 68 of which are being used in the joint oilfields. namely South Azadegan.

The focus is now to re balance the market.

Iran is now ready to export gas to Iraq and Baghdad is also ready to receive the item.