MEED Abu Dhabi
World Oil Iraq
OPEC, allies move closer to oil cuts as bear market adds urgency
OPEC and its allies started laying the groundwork to cut oil supply in 2019, reversing an almost year-long expansion, with Saudi Arabia reasserting its role as swing producer by announcing fewer shipments from next month.
Iraq to boost oil sales to China by 60%
Iraq aims to supply China with 60% more crude next year, according to the head of the state-run Oil Marketing Co.
Iraq's Kurds add pipeline capacity to export Kirkuk oil
Iraq’s semi-autonomous Kurds upgraded their oil export pipeline to accommodate future production from their region and from the contested Kirkuk area controlled by Baghdad.
Iraq's new oil minister pledges to pump more oil
Iraq will increase oil output and work with other OPEC nations to assure “fair” prices for buyers and producers, according to the nation’s new Oil Minister Thamir Ghadhban.
The world's fourth-biggest oil producer can't keep the lights on
Iraq is fast becoming a global oil powerhouse, gaining stature in OPEC after it surpassed Canada this year as the world’s fourth-biggest producer. But the war-ravaged country has little to show for its feat.
U.S. persuades Iraq to quash Siemens power deal in favor of GE
The Trump administration intervened to quash a $15 billion deal for Siemens Corp. to develop power stations in Iraq, instead persuading Baghdad to sign an agreement with General Electric Co., two administration officials said.
Iraq wants to know how buyers use its oil
Iraq would like to know how and where its oil will be used, as demand rises for Middle Eastern cargoes to replace shipments from Iran.
The heart of global oil exports thrives amid geopolitical tensions
The Middle East and North Africa (MENA) remain the quintessential oil exporting region, replete with considerable assets and tensions.
DNO ramps up Peshkabir field output to 50,000 bopd
DNO ASA, the Norwegian oil and gas operator, today announced production at Peshkabir field in the Kurdistan region of Iraq has ramped up to 50,000 bopd, meeting the end-2018 target ahead of schedule and below budget.
Petrofac secures $50-million contract extension in Iraq
Petrofac’s Engineering and Production Services (EPS) East business has secured a four-year renewal of a contract for maintenance management services for an international oil company client in Iraq.
World Oil UAE