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Iraq has started planning the construction of a new pipeline to transport crude oil from the Kirkuk fields to Turkey’s port of Ceyhan, the oil ministry said.
Norway’s DNO has announced that it is tripling of production from the Peshkabir field in the Tawke license in the Kurdistan region of Iraq to 15,000 barrels of oil per day (bopd).
Petrofac’s Engineering & Production Services (EPS) division has secured an award worth US$160 million from Basra Oil Company (BOC), previously known as South Oil Company, for its Iraq Crude Oil Export Expansion Project (ICOEEP).
The Rumaila Operating Organisation (ROO), composed of BP, PetroChina and the South Oil Company of Iraq, announced that the Rumaila oilfield in Iraq has produced three billion barrels of oil since the joint venture began operating in January 2010.
Iraq’s Kurdistan Regional Government (KRG) agreed to a settlement with Dana Gas and partners in a protracted dispute over natural gas projects, which will see KRG immediately pay US$1 billion.
In total, Iraq will add around 150,000 barrels per day to its exports, from the Baba Gorgor, Jambour and Khabbaz fields.
The plant in Eastern Iraq will process associated gas from the production of crude oil at the two fields. The country plans to bring the Al Misan gas field online in the coming years and gas produced at this field will also be processed at the new…
Iraq currently produces in excess of 4.6 million barrels of oil per day and is OPEC’s second biggest producer, behind Saudi Arabia.
Kuwait Energy Plc signed a farm-out agreement with Egypt's General Petroleum Corp (EGPC) for 20 per cent of its participating interest in Iraq’s Siba field, the company said.
Iraq, a country heavily embroiled in a war with terrorism, is the latest to ask OPEC for an exemption to its plan to trim output, further dampening hopes of oil prices stabilising