UK Export Finance, a British agency tasked to promote British exports, will provide $117 million in financing to General Electric and Enka UK for the construction of two gas-powered electricity plants in Iraq.
Iraq, the UAE, and Kazakhstan, reiterated their support for January's production-cut agreement between OPEC and other major oil producers.
Hexagon Ragasco won a major new order for liquefied petroleum gas (LPG) cylinders from the Iraqi Gas Filling Company (GFC).
Iraqi Oil Minister, Jabar El Luaibi, visited Saudi Arabia on August 8th to discuss the oil market and OPEC's efforts to stabilize prices.
The US price of crude oil is hovering under $50 per barrel despite this week's meeting of oil producers in Abu Dhabi to discuss compliance with January's production-cut agreement.
The Provincial Government of Kirkuk will not cooperate with the central government’s plans to export oil from the Kirkuk oil fields to Iran.
Iraq's oil exports reached an average of 3.230 million b/d in July, the Iraqi oil ministry announced August 1st.
Iraq offered the Egyptian government the opportunity to invest in several concession areas.
Iraq’s exports of gas liquids and condensates reached 59,370 tons and 356,008 cubic meters respectively during the first half of 2017, announced the Iraqi Oil Minister, Jabar Ali al-Luaibi.
Kuwait and Russia will chair a meeting in Abu Dhabi on August 7th-8th to discuss why some signatories of last year’s oil-production agreement are failing to fulfill their promises to cut production.
Egypt's Petroleum Projects & Technical Consultations Company (PETROJET) installed its first liquefied natural gas (LNG) storage tank at the Iraqi Siba gas field.
Iraq has awarded the UK-based company Petrofac a new contract and a contract extension of an existing agreement to provide engineering services to two international oil companies (IOCs).
India has reduced its imports of Iranian oil by 33%, while increasing its purchase of Iraqi oil.
Iraq’s oil production is expected to reach 5 million b/d by the end of 2017, while associated gas production is expected to record 1.3 billion standard cubic feet.
Egypt and Iraq agreed on establishing joint companies for oil, natural gas, and petrochemicals.
Russia's Gazprom Neft and Austria's OMV signed a memorandum of understanding (moU) for working together on Iran’s oil and gas projects.
Iraqi government approved the establishment of a $5b oil refinery project in Kurdistan’s Kirkuk.
The Middle East crude market weakened for a second session as prompt oil sales by Oman weighed on the market.
Iraq is mulling an oil hedging program to lock in prices for future crude sales, potentially topping a similar deal run by Mexico.
Iraqi president highlighted the importance of the oil pipeline, adding that work is underway to reopen the international highway as a priority for Iraq.