Tag Archives: SHAFAQ News

The United States, the Iraqi government, and the Gulf Cooperation Council have reiterated their full support for a project linking the electricity networks between the latter and Iraq. In a statement to the US State Department, Washington said it is, “committed to facilitating this project and providing support when needed”. …

Hamid Hosseini , the spokesman for the Iranian Oil Derivatives Exporters said that about 1500 megawatts of electrical energy and 30 million cubic meters of gas per day have been exported to Iraq. “In light of Iraq’s need for electricity in summer, America was forced to extend the waiver of …

Iraq has yet to inform its regular oil buyers of cuts to its exports, suggesting it is struggling to fully implement an OPEC deal with Russia and other producers on a record supply cut, traders and industry sources said. Iraq, OPEC’s second largest oil producer, has instructed its biggest company, …

The world economy will improve after the end of Corona crisis in East Asia, especially as the Republic of China which is the largest importer of crude oil in the world,” The Prime Minister’s Advisor for Economic Affairs, Mathehar Mohammad Salih revealed on Sunday. ” 80% Iraqi oil exports goes …

Russia’s No.2 oil producer Lukoil is running into difficulties staffing its assets in Iraq due to the new coronavirus and associated restrictions, chief executive Vagit Alekperov, was cited on Saturday by Interfax news as saying. Lukoil manages the West Qurna 2 oilfield, 65 km (40 miles) north-west of Basra. It …

The Iraqi Minister of Oil, Thamer Al-Ghadban announced on Monday an agreement to reduce oil production that will help reduce stocks and support prices. Iraq welcomed the results of the OPEC + meeting, which reached the commitment of the members of the group to a historic cut in production to …

The federal government intends to restrict Kurdistan Region by OPEC agreement to reduce crude oil production. The advisor to the Prime Minister, Mathar Muhammad Salih indicated in a statement quoted by the semi-official newspaper, Al-Sabah, in its Sunday edition, to what he called “the importance of the oil ministry restricting …

The assistant for economic affairs at the Trade, Industry and Mining Development Corporation of Ilam province , Saeed Sharifi announced on Saturday that during the last Iranian year (ended 19 March 2020), one billion and 183 million dollars of goods were exported to Iraq through Mehran international borders. According to …

The Iraqi Deputy Prime Minister, Minister of Oil, Thamer Al-Ghadban attributed on Sunday the postponement of the conference of oil producing and exporting countries, until next Thursday due to “technical reasons”. Al-Ghadban said, in a statement to the official newspaper, “Al-Sabah”, that “the conference that was scheduled to take place …

The Chinese Petroleum Engineering and Construction Company “CPCEC” won an engineering contract worth $ 203.5 million to process high-sulfur gas in Majnoon oil field in Iraq. The project, which is scheduled to be completed within 29 months, aims to build a facility to process high-sulfur gas with a daily capacity …