North Refineries Co. (NRC), a subsidiary of Iraq’s Ministry of Oil, has commissioned a 13,000-b/d crude distillation unit (CDU) at its refinery in Kirkuk, lifting overall processing capacity at the site Continue Reading
Oil and gas services company Petrofac has secured almost $1 billion in new contracts from Basra Oil Company (BOC) and BP plc. Petrofac announced Wednesday that its Engineering & Production Continue Reading
A new armed group has appeared in northern Iraq, causing locals to fear that IS is regrouping and re-branding for guerrilla warfare. A mysterious armed group has emerged in remote Continue Reading
London-listed oil and gas services company Petrofac said Wednesday it secured a $160 million contract to help overhaul a southern Iraqi oil port. The company said it secured the contract Continue Reading
The oil swap deal that Iraq and Iran agreed to last week will run for one year and is subject to renegotiation, Iraq’s Oil Minister, Jabbar al Luaibi told media. Continue Reading
Iraqi Oil Minister Jabar al-Luaibi said on Sunday that a deal signed with Tehran to swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk Continue Reading
Kurdish, Sunni and Basrawi MPs are the most vocal critics of the draft budget, claiming inadequate revenue sharing despite slightly increased overall spending. Iraq’s Cabinet has sent a 2018 draft Continue Reading
Though it’s too early to make any estimate on the reserve potential, British energy company Genel said it found more oil in the Kurdish region of Iraq. Genel has a Continue Reading
(Reuters) – Genel Energy Plc said on Monday that one of its wells, drilled to appraise the northern end of its Taq Taq oilfield in Kurdistan region of Iraq, encountered Continue Reading
The Iraqi Oil Ministry said exports from southern ports set a record, but more work was needed to make up for losses from issues in the north of the country. Continue Reading
