From Rebuilding Iraq
Mr. Fayadh H. Niema the senior deputy minister of oil announced for the elevation of the oil production from Badra field in Wasit province to 65 thousand barrels/day by the end of this year.
Mr. Niema said …
The first ever natural gas export left Iraq’s southern coast yesterday, according to reports from the Associated Press. The historic shipment comes as the …
In its fourth quarter results, Gulf Keystone Petroleum (ticker: GKP, GulfKeyston.com), which operates in Iraq’s northern Kurdish region, said it may not be able to make payments to bondholders. Political instability …
Oil production continued to grow last year amid a global glut. Over the course of 2015, the U.S. saw the largest growth in oil production, followed …
Oil prices are on track for the first weekly gain in a month today with both WTI and Brent crude prices up on Friday. U.S. Department of Energy numbers this week showed another …
A recent analyst note from KLR Group indicated that oil and gas markets could balance in 2017 as OPEC production begins to stabilize and U.S. production rolls off. Saudi Arabia’s oil production is expected to …
During a visit to China, Iraqi Prime Minister Haider al-Abadi signed a memorandum …
Just over a year after deciding to change its focus to defending market share rather than oil prices, OPEC members left …
As the battle against ISIS continues, allied forces are increasingly targeting oil assets and the convoys of trucks being used to smuggle oil from ISIS-controlled oilfields. …
A number of Iraqi lawmakers downplayed a recent report from Moody’s Insurance that the country’s oil output could reach 5 million barrels per day. The members of parliament said …
OPEC production declined in September, led by lower output in the group’s three-biggest producers, according to a survey conducted by Bloomberg. The survey was taken of oil …
Iraq’s Kurdish Semi-autonomous region is increasing international oil sales without the approval of Iraq’s central government. The U.S. Court of Appeals for the Fifth Circuit in New Orleans dismissed the Kurdistan Regional Government’s …
A letter dated September 6, 2015, from the Iraq Oil Ministry was sent out to international oil companies operating inside the country notifying them that they should plan to …
Iraq’s northern Kurdish region announced that it will start making regular payments for crude exports to producers starting in the first-half of September. Exporters will receive $75-$100 million in …
Managing Director of the Iranian Gas Engineering and Development Company Alireza Gharibi said the company finished testing 100 kilometers (about 62 miles) of pipeline …
OPEC continued to produce well above its target of 30 MMBOPD in June, according to information compiled by Reuters. The information, based on shipping data and …
The PRIX index, which forecasts the effects of political developments on oil exports, fell one point to 55 for the third quarter of 2015. The index works …
Iraq’s decision to split crude oil export flows into lighter and heavier grades has removed logistical problems and allowed several producers to lift self-imposed output curbs, according to Lukoil …
Imports of Iraqi crude oil fell to 77 MBOPD in the week ended June 12, 2015, down 170 MBOPD from the previous week. Increased imports …
Iraq’s oil production reached record levels in May. The country produced an average of 3.87 MMBOPD, the highest levels in decades, according to Bloomberg. This news comes just days before …
OPEC continued to increase production in May, following its November plan to defend market share. OPEC output increased by 67 MBOPD from April to …
The Organization of Petroleum Exporting Countries (OPEC) is scheduled to meet for the first time in 2015 on June 5 in Vienna. Assumptions point to the meeting being a terse exchange between the 12 members in an attempt to fulfill …
Iran plans to raise oil output by 170 MBOPD by the end of the current Iranian year, which ends on March 20, 2016, the official IRNA news agency cited an Iranian …
U.S. imports of crude oil from OPEC members Iraq and Kuwait were higher last week, a note from Global Hunter Securities said today. “Summer refinery gasoline demand is likely …
Before Gaddafi was removed from power as Libya’s chief, the country produced almost 1.6 MMBOPD. Today that number stands at just 436 MBOPD, according to Mustafa Sanallah, chairman of …
OPEC supply rose to 31.04 MMBOPD in April, the highest in more than two years, according to a Reuters survey. The increase puts the cartel’s production even further above demand …
Lukoil (ticker: LKOH) will continue negotiations with the Iraqi government about the continued development of the Nasiriya project. The Iraqi government is trying to develop a 300 MBOPD refinery …
Gazprom Neft (ticker: GZPFY), the oil arm of Russia’s state-owned Gazprom (ticker: OGZPY), announced today that it has received the first shipment of Kirkuk grade oil from the Iraqi government. The crude …
OPEC supply for the month of March 2015 reached 30.63 MMBOPD from a revised 30.07 MMBOPD in February, according to a survey based on shipping data …
Lukoil (ticker: LKOH) President Vagit Alekperov visited Iraq to discuss further development in the West Qurna-2 field. Iraqi Prime Minister Haider al-Abadi and Minister of …
