Iraqi Kurdistan Finally Moves To Develop Massive Gas Resources
In tandem with Iraq’s reiterated target for crude oil production of 7 million barrels per day (bpd) by 2025, from the previous 5 mbpd, Baghdad has also stated that it Continue Reading
Saudi Aramco Discovers 4 New Oil And Gas Fields
Saudi Aramco has discovered four new oil and gas fields, the Kingdom’s Energy Minister Abdulaziz bin Salman said, as quoted by the Saudi Press Agency. Two of the fields are Continue Reading
Russian To Aid Iran In Major Sanction-Skirting Energy Megaprojects
Alongside the continued development of its huge West Karoun oil fields , the completion of the supergiant South Pars non-associated gas offshore sector (including the implementation of Phase 11 operations Continue Reading
Saudi Arabia announces new oil and gas finds, including unconventional resources
Saudi Arabia has discovered four new oil and gas fields, including unconventional resources, the country’s energy minister said Dec. 27. Receive daily email alerts, subscriber notes & personalize your experience. Continue Reading
Iraq plans to boost southern oil export capacity by 72% after three years: ministry
Iraq, OPEC’s second-largest producer, plans to boost the capacity of its southern oil export facilities by 72% to 6 million b/d after 2023 and wants to build storage tanks to Continue Reading
Iraq warns of power outages as Iran plans to reduce gas supply due to unpaid bills
Iraq is set to suffer from acute power shortages as Iran plans to cut its gas shipments to its neighbor due to outstanding payments, the electricity ministry said in a Continue Reading
Iran Cuts Gas Flows to Iraq, Threatens Further Reductions
Iran has slashed the amount of natural gas it exports to Iraq and threatened further cutbacks over unpaid bills, increasing the likelihood of more electricity shortages in Baghdad and other Continue Reading
Oil Price Drop Drives Saudi Exports Lower in October
Saudi Arabia’s exports fell by nearly a quarter in October from a year earlier, driven largely by a slump in global oil prices. Exports fell to 57.8 billion riyals ($15.4 billion) Continue Reading
Iran Unveils Own Oil Tanker In “Goodbye Party” For Trump
The Islamic Revolution Guards Corps (IRGC) of Iran unveiled this week the second oceangoing oil tanker it has helped to build, to show that the Islamic Republic has managed to Continue Reading
Facing financial crunch, Iraq boosts November production
Despite ongoing OPEC-plus efforts to limit global supply, Iraq increased oil output as the government desperately seeks revenue to narrow record deficits. South Oil Company workers look toward the flares Continue Reading