- QatarEnergy selects Nakilat to own and operate 25 conventional LNG vessels
- The joint development of the Dorra field between Saudi Arabia and Kuwait is pending the demarcation of the border with Iran
- Minister of Energy reaffirms the UAE’s commitment to adopting clean energy and supporting the Paris Agreement
- The new Hassi Messaoud refinery enjoys the support of the government and President Tebboune
- Increasing electrical interconnection capacities to export electricity beyond borders
- Qatar Energy stops sending liquefied gas tankers through the Red Sea for security reasons
- The inauguration of the Duqm Refinery, the largest joint Gulf project in the refinery sector
- Saudi oil exports are faltering due to Houthi attacks on ships in the Red Sea and Gulf of Aden
- Algeria to host and chair the Gas Exporting Countries Forum summit (February 29 to March 2, 2024)
- Egypt Energy Conference and Exhibition 2024 gives a strong impetus to the global energy dialogue
The Iraqi production at its highest level since 33 years
Iraqi Oil Minister Abdul Karim Al Loaibi confirmed that the Iraqi oil production is at its highest level since 1979, while the Deputy Prime Minister Hussain Al-Shahristani announced that the production exceeds 3 million barrels per day. It is worth mentioning that Iraq was producing 2.9 million oil barrels since long ago of which more than 2 million barrels were exported. According to the figures of the Ministry of Oil, Iraq has achieved $83 billion from its oil exports in 2011, i.e. a 60% increase from the revenues of 2010.
Oil revenues constitute 94% of the country’s revenues. The ministry signed contracts with foreign companies to develop ten fields, hoping that the production will reach about 12 million barrels per day within 6 years.
