The Qayarah heavy oil field in Ninewa province is back online, after Iraq’s Oil Ministry and operator Sonangol reached another short-term agreement to resume partial production. Roughly 10,000 barrels per Continue Reading
Iraq is perfectly capable of producing 8 million bpd of crude oil, or even its original figure of 12 million bpd Officially, according to the EIA, it holds a very Continue Reading
A gas pump at a petrol station in Seoul June 27, 2011. REUTERS/Jo Yong-Hak/File Photo Oct 17 (Reuters) – Iraq’s oil ministry spokesman said that an oil price above $80 Continue Reading
Vote counting was underway in Iraq on Monday, a day after a record low turnout in a parliamentary election, reflecting what many Iraqis said was a loss of faith in Continue Reading
Highlights First phase of Masdar deal includes 1 GW Iraq also has renewable deals with TotalEnergies, PowerChina It needs renewables to lower reliance on oil, gas in power generation Iraq Continue Reading
The Iraqi Cabinet has approved the newly formed Iraqi National Oil Company (INOC) to take a partnership stake in a multi-faceted energy deal. Leadership from French oil firm Total and Continue Reading
Highlights Iraq also has renewables deals with TotalEnergies, PowerChina, Masdar It wants to generate 7.5 GW of renewable power before 2023 Iraq is seeking to lower dependence on gas, oil Continue Reading
Highlights INOC to take 40% stake in TotalEnergies’ Basra project: oil minister Chevron project to be finalized in next few weeks Iraq to remain reliant on Iranian gas for a Continue Reading
Highlights TotalEnergies signed $27 billion worth of deals with Iraq in Sep INOC is a revived company that was dissolved in 1987 The Iraqi cabinet has approved Iraqi National Oil Continue Reading
Iraq’s newly founded Iraq National Oil Company was created to fairly distribute they nation’s oil wealth to its citizens. Having a national oil company is a good idea in that Continue Reading
