Tag Archives: Middle East

The final investment decision for the realization of this giant investment. which will exceed $3 billion. will be made in 2019.

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

The good news of this recovery this year is that the outlook is positive for both oil-importing countries and oil-exporting countries.

BOTAŞ and SOCAR will own 50 percent of the company each and are not considering a third partner as yet.

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.

Iraq’s 2018 budget of nearly $88 billion comes with a deficit of more than $10 billion.

Iraq wants to increase its crude oil production to over 5 million barrels per day (bpd) from its current production of about 4.35 million bpd.

Iraq is the Organization of the Petroleum Exporting Countries’ second-largest producer after Saudi Arabia.

The Iraqi oil exports reached in last February about 95.940.000 barrels.