Iraq
Iraq is about to sign a MoU with Chevron for oil exploration in Dhi Qar Governorate

24.8.2020 Two years ago, Chevron had begun talks with Iraq to explore oil in Dhi Qar province. These talks have recently resumed with officials of the Iraqi Oil Ministry. In case of an agreement, the...

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Iraqi Oil Minister: We could raise oil production to 7 million barrels per day by 2025

24 August, 2020: The Iraqi News Agency published statements by the Iraqi Oil Minister, Ihsan Abdul-Jabbar, which included that Iraq currently has a production capacity of 5 million barrels per day,...

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Iraq Warns of the Collapse of Oil Prices Due to Abundant Supplyً

A spokesman for the Iraqi Oil Ministry said on Monday, 9th March 2020 that pumping more oil to the markets in these circumstances will lead to a price collapse because the Saudi Aramco company...

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OPEC and Russia deepen oil output cuts

Sources told Reuters that OPEC and its allies led by Russia are close to the agreement to reduce oil supplies for next year, to support crude prices and prevent the abundance of oil. The Organization...

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Severe differences between Baghdad and Erbil over exporting Kurdistan oil

The Kurdistan region is floating above 45 billion barrels of oil reserves, about a third of Iraq’s 142.5 billion barrels. Kurdistan reserves exceed those of major oil members of OPEC. The...

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Iraqi crude oil exports 3.6 million barrels per day in August 2019

Iraqi crude oil exports raised to 3.6 million barrels per day in August 2019, from 3.56 million bpd the July, the oil ministry said in a statement.   Exports from the southern Basra terminals...

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Iraqi Oil Minister: Restructuring the energy sector in general

Prime Minister for Energy Affairs and Iraqi Oil Minister (Thamer Ghadhban) stressed his country’s keenness to develop the energy sector in Iraq according to the latest scientific programs and...

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Iraqi crude oil exports 3.6 million barrels per day in August 2019

Iraqi crude oil exports raised to 3.6 million barrels per day in August 2019, from 3.56 million bpd the July, the oil ministry said in a statement. Exports from the southern Basra terminals reached...

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Iraq denies excluding Exxon Mobil from a huge oil agreement

According to Reuters, Iraq’s oil ministry said it was still in talks with US giant Exxon Mobil on a huge deal to improve Iraq’s oil infrastructure. The ministry said its agreement with BP...

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Iraqi oil minister: OPEC agreement + will be reduced The stock achieves price stability

Iraq’s Oil Minister Thamir al-Ghadhban said on Wednesday that OPEC and its allies’ agreement to extend oil production cuts by the end of March 2020 would reduce stocks, help stabilize the...

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