Iraq Looks For Investors To Build 70,000 Bpd Refinery
Iraq is inviting companies to bid to build a 70,000-bpd oil refinery near the town of Haditha in the Anbar governorate, the oil ministry said on Thursday. Investors willing to Continue Reading
ZhenHua expands China’s role in Iraq’s oil sector
The China ZhenHua Oil Company, a subsidiary of state-owned arms manufacturer Norinco, is poised to make two new investments in Iraq’s oil sector. The company is forming a new oil Continue Reading
Oil companies temper Iraq’s dreams of production expansion
Iraq, OPEC’s second-largest producer of crude, is hitting a roadblock in the next phase of expanding its oil production capacity as the appetite of international energy firms for investing in Continue Reading
Kirkuk fields begin to re-start
The Bai Hassan oil field and the Avana Dome of the Kirkuk field have started initial runs of production, five months after they were shut in following a federal military Continue Reading
Iraq To Cut Oil Product Imports By 25% As It Revamps Refineries
Iraq aims to reduce its oil product imports by 25 percent as it is seeking to refurbish and restart oil refineries after it expelled ISIS from its territory, Iraq’s Oil Continue Reading
IMF opposes budget, putting billions in financing at risk
The International Monetary Fund (IMF) is throwing its weight behind objections raised by the autonomous Kurdistan region over Iraq’s 2018 budget – a dispute that now threatens Baghdad’s ability to Continue Reading
Iraq to launch new Basrah crude oil grade over quality concerns
Iraq plans to launch a new Basrah Medium crude export grade in a bid to help stabilize the quality of its existing Basrah Heavy and Light export grades as more Continue Reading
Rosneft Could Be The Key To Iraq-Kurdistan Oil Deal
Russian oil giant Rosneft could be the key in the talks between the Iraqi government and Kurdistan for the full resumption of oil exports from the semi-autonomous region, Reuters reported Continue Reading
Parliament re-establishes Iraq National Oil Company
New legislation could restructure the oil sector, creating a new executive body for field management and limiting the Oil Ministry to strategic policy and regulatory functions. Iraq’s Parliament voted Monday Continue Reading
2018 budget passes despite Kurdish boycott
Iraq’s Parliament approved the 2018 budget on Saturday, despite an ongoing boycott by Kurdish lawmakers demanding a larger share of allocations. The government intends to spend 104 trillion Iraqi dinars Continue Reading