Tag Archives: Iraq

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.

Iraq and Iran are the countries where oil production is expected to see the highest growth over the next decade.

Iraq is committed to cut national crude oil production in line with OPEC'.s agreement .

Injecting gas into oil fields had a central role in Iran’s plans to increase its oil production.

The two neighbors share 6 oilfields namely Azar. Dehloran. West Paydar. Naft-Shahr. Azadegan and Yadavaran.

Iran is firm in its self-proclaimed mission to reach pre-sanction levels of oil output and exports.