Iraq has resumed transporting oil products by rail from the Dawra refinery in Baghdad to Basra in the south which was halted after the 2003 U.S.-led invasion.
Read More »Greece Accuses Turkey of Violating Int`l Law
Greece'.s Foreign Ministry has rebuked Turkey'.s disregard for international law as a ".blatant violation". of Cyprus'. sovereign rights.
Read More »Total Enters Exploration Block Close to Lebanon-Israeli Border Dispute
Total controls 40% as well as ENI. The remaining 20% is Novatek’s.
Read More »Iraq Asks BP to Study Developing Kirkuk Oilfields
Iraq in December 2017 earned around US$6.5 billion from crude sales. at US$59.3 per barrel.
Read More »Iraq Builds Kirkuk Oil Refinery
The Kirkuk refinery will provide oil derivatives with high quality specifications. such as high octane gasoline and other derivatives.
Read More »Turkish `Warships` Stop Italy’s ENI Rig in Waters off Famagusta
Turkey opposes the drilling. saying it flouts the rights of the breakaway Turkish Cypriots to ethnically-split the conflicted island’s natural resources.
Read More »Iraq Seeks $100 Billion to Revive Economy
A U.S. official in Baghdad said 100 U.S. companies were participating in the conference.
Read More »Crescent Petroleum to Increase Production in Iraq
UAE-based firm plans investment of $1b to boost gas production to 500m cubic feet by 2020
Read More »Turkey Puts Second Floating LNG Unit into Operation
Turkey has already increased its daily send-out capacity from 190 million cubic meters in 2015 to 288 million cubic meters by the end of 2017.
Read More »Iran to Export LNG to Basra by Next Year
Iran has already started exporting gas to the Iraqi capital of Baghdad and it will begin exporting LNG to Basra in the coming months.
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