Tag Archives: Middle East

Iran and Iraq signed a basic agreement in February that envisaged exporting Iraqi oil through the Iranian territory .

The deal provides for exchanging expertise and organizing workshops that serve the upcoming reconstruction and production projects of Syria.

The Persian Gulf nation aims to raise output to over 1 billion cubic meters by March from around 880 million cubic meters daily.

Iraq is Iran'.s southwestern neighbor. and its port city of Basra is located in southeast of the country at northern edge of the Persian Gulf.

Basra Gas is a joint venture between Shell. South Gas Co.. Mitsubishi Corp. and the petrochemical project Nebras.

According to Oil Minister Bijan Namdar Zanganeh. negotiations are underway with Iraq to develop three joint oilfields.

Since the Iraqi army took control of the fields in the oil-rich Kirkuk area in mid-October. reports of disruptions in oil flows have been a daily occurrence.

TANAP project envisages transportation of gas from Azerbaijan’s Shah Deniz field to the western borders of Turkey.

Netanyahu has praised Trump'.s decertification of Iran. which has deeply unsettled the European allies of the United States.

Iraq sold 3.29mn bpd of crude from Basrah port in the south last month. down 2% from September. according to tanker tracking.