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 Iraq oil

"Oil companies are expected to keep developing enough oil to offset oil depletion and also to meet new demand...So where is this oil going to come from? Governments and national oil companies are obviously in control of 90 percent of the assets... The Middle East with two-thirds of the world's oil and the lowest cost is still where the prize ultimately lies."
Dick Cheney, then-CEO of Halliburton, fall of 1999
Iraq Oil Infrastructure Map

Iraq Oil Infrastructure Map

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Civilian casualties from violent attacks in Iraq fell by 45% in December compared to the previous month, according to the United Nations. The figures released by UNAMI show that a total of 69 civilians were killed and 142 injured across Iraq, although casualties in Anbar could not be verified.
The companies hope that the MoU will facilitate socio-economic development in the Basra region of Iraq, where a high proportion of Iraq's oil production occurs. Commenting on the MoU, David Zelinski, Jacobs petroleum and chemicals Senior Vice President and General manager for the Middle East, said: ...

Baghdad (IraqiNews.com) Iraq's oil minister Jabbar al-Luaibi said Wednesday that oil fields in the south of the country have recorded an "unprecedented" surge in daily exports during the last month. In a letter to Prime Minister Haider al-Luaibi, quoted by the ministry's facebook page, Luaibi pointed to "an ...
Whenever the media office of the Council of Ministers releases decisions of the Cabinet, Iraq oil Report publishes a translation from the original Arabic. Iraqi Cabinet decisions: Jan. 2, 2018. Iraq's Council of Ministers meets in Baghdad on Jan. 2, 2018. (Source: Iraqi Cabinet media office). By Staff of Iraq oil ...
Baghdad (IraqiNews.com) Iraq exported more than 109 million oil barrels during the month of December, the Iraqi oil ministry declared on Tuesday. Pointing to a "record" rise in exports and revenues, the ministry said a preliminary statistic from the state-run marketing company, SOMO, crude oil exports ...

Iraqi oil exports from the Basra gulf in December set yet another record, capitalizing on a steady uptick in crude prices and capping a breakout year in the oil sector for the federal government. Iraq's average 3.535 million barrels per day (bpd) of exports in December was the fourth straight month of ...
Iraqi Oil Minister Jabar al-Luaibi said on Monday he was optimistic there would be a balance between supply and demand by the first quarter of 2018, leading to a boost in oil prices. Global oil inventories have decreased to an acceptable level and there were positive signs that oil market prices would ...
Baghdad: Iraq's oil ministry on Sunday (Dec 24) called for bids for the construction of a pipeline to allow oil exports to resume from the northern province of Kirkuk to neighbouring Turkey. The pipeline is to run for 350 kilometres (200 miles) and have a capacity of more than a million barrels per day, the ...
ERBIL, Kurdistan Region - Russia's oil dealings with the Kurdistan Regional government (KRG) were not discussed when Energy Minister Alexander Novak met with Iraqi Prime Minister Haider al-Abadi this week, Iraq's oil ministry stated a day after Novak said Baghdad had no problems with Russia doing ...
Between 2014 and 2016, it was taxation and extortion--not oil--that filled the coffers of the Militant Islamic group ISIS, according to a new assessment that relied on NOAA satellite data. The publication also describes how anyone can use rapidly updated NOAA data to quickly assess the production status ...
Moscow, December 6. /TASS/. Iraq might make changes to contracts with Russian oil companies, Russian Energy Minister Alexander Novak said in an interview with Rossiya 24 TV channel. "We discussed the problems, including the problems that affected our companies in Iraq in terms of return on ...
In the latest sign of improving relations between Iraq and Saudi Arabia, the kingdom's oil minister attended an energy conference in the southern Iraqi port city of Basra on Tuesday. Khalid al-Falih said Saudi Arabia wants to expand investment projects in Iraq to include energy, manufacturing and natural ...
In a meeting with reporters on Wednesday, the Iraqi oil minister, Jabbar Ali Hussein al-Luiebi, said his country, now OPEC's second-largest producer, would continue to support the cuts. He added, however, that they were costing Iraq substantial revenue at a time of huge financial need. The country is ...
Mr Hassan said once Rumaila development plan for 2018 was approved by the oil ministry, BP would start drilling about 50 new oil wells to help boost production. Also, on Wednesday, the country's oil minister said Iraq will announce a tender for a new oil export pipeline from the Kirkuk field within one ...
The Iraqi oil minister has repeated his call for an extension to a cap on global oil supplies and added that the deal would not need any mid-term review. OPEC and countries outside the cartel, such as Russia, will meet in Vienna Thursday to consider whether an existing curb on supply, should be extended ...

Shared with Iraq, the field holds over 1.6 billion barrels of in-situ oil. North and South Yaran oil fields hold one billion and 600 million of reserves respectively. North Yaran's cumulative oil production has reached 1.04 million barrels. Iran has developed the North Yaran field by 89 percent, producing 30,000 ...
Iraq on Monday invited foreign companies to apply for tenders to explore and develop eight oil and gas fields along its Iranian and Kuwaiti borders, along with an offshore bloc. The call was issued by Iraq's Oil Minister Jabbar al-Luaybi. "The aim of these development plans... is to achieve the ministry's goal ...
Chinese oil corporation CNPC has shown interest in developing the giant Majnoon oil field in Iraq, Reuters reported on Monday, citing two Iraqi oil officials, in what may become a tight race among supermajors for the Iraqi field that Shell wants to quit. Iraq's ministry of oil is waiting for Shell to officially quit the ...
Iraq's government has invited foreign energy firms to bid for the rights to explore for oil and gas in the country's border areas near Iran and Kuwait. Iraq's Oil Ministry said in a statement on November 26 that eight areas are being offered in the south and east of the country along with a ninth offshore oil site in ...
Under Iraq's latest proposal, Baghdad will provide 0.5 percent of its oil proceeds in 2018 to the compensation fund, with the percentage ...
Soleimani to Iran Leader: ISIS Completely Defeated in Iraq, Syria ... bridges, refineries, wells, oil and gas pipelines, power stations and other ...
"Production will remain volatile," said Issam Chalabi, a consultant and former Iraqi oil minister. While it will be difficult for Iraq to replace barrels ...
Smoke rises from the Ajil oil field as Shi'ite fighters stand in al-Hadidiya, preparing to launch an offensive on ISIS, March 6, 2015. (Reuters).
Between November 1 and 20, Iraq's crude oil exports from the south averaged 3.5 million bpd, up by 150,000 bpd from October and close to ...
Since the Kurdish referendum in late September, when Iraqi Kurds overwhelmingly voted for independence from Iraq, there has been a drop in ...
By Jamal Naji and Samya Kullab of Iraq oil Report ... Iraqi federal forces have secured the Akkas gas field and its surroundings from the ...
Beijing/Singapore, Nov 16 (Reuters) - China's state-run Zhenhua Oil will supply diesel to Iraqi state-oil marketer SOMO through a term ...
I have now included Equatorial Guinea although I only have data from January 2015 from OPEC's secondary sources. The January 2015 E.
Oil revenues still are not high enough to allow the Iraqi government to fund the reconstruction of the country, according to Iraqi Prime Minister ...
An Iraqi Army vehicle secures the Akkas gas field in the western desert of Iraq October 19, 2010. ... By Jamal Naji and Staff of Iraq oil Report
A worker checks the valve of an oil pipe at the Lukoil company outside the West Siberian city of Kogalym, Russia. Brent for December ...
Since the Iraqi Army took control of the fields in the oil-rich Kirkuk area in mid-October, reports of disruptions in oil flows have been a daily ...
US crude oil (UCO) (DBO) (OIL) futures contracts for December delivery fell 0.02% and were trading at $53.90 per barrel in electronic trade at ...
Iraq last month become the second-largest crude oil exporter to the United States, overtaking its southern neighbor, Saudi Arabia, and is on ...
Iraq will begin pumping oil from Kirkuk once again, just a week after clashes between Iraqi and Kurdish forces forced production in certain parts ...
Over the last forty-four years, Iraqi crude imports to the U.S. have only outpaced Saudi Arabian volumes on one occasion. And that was over a ...
Oil flows through Iraqi Kurdistan to Turkey have plunged to 190,000 barrels a day, Platts reported. The line usually carries about 600,000 ...
Since the 2003 U.S.-led invasion of Iraq, oil-rich Kirkuk has remained the subject of dispute between Baghdad and the Erbil-based KRG.
Iraqi forces quickly seized oil fields from the Kurdish regional government this week, largely avoiding violence. Iraq's oil supplies will not be ...
Oil prices climbed today as tensions brewed in a major oil city of Iraq. Brent crude futures rose 1.28 per cent to $57.90 a barrel while US ...
Iraqi Oil Minister Jabar Ali al-Luaibi speaks during a news conference during his visit to the oil field of Zubair, in Basra, Iraq. (File photo: Reuters).
Iraq, Iran, and Turkey are taking a unified stance against Kurdistan's oil sector after the region elected to seek independence from Baghdad in a ...
Turkey threatened potentially crippling restrictions on oil trading with Iraqi Kurds on Thursday, after they backed independence from Baghdad ...
Tensions over an independence vote in Iraqi Kurdistan boosted oil prices to more than two-year highs on Tuesday and could unsettle markets ...
An oil-rich province in the north of Iraq plans to vote in a referendum on Kurdish independence later this month, prompting fears of regional ...
The last three years dramatically reshaped the oil map in Iraq, OPEC's second-largest producer. The dust from the military campaign against the Islamic State of Iraq and the Levant (ISIL, also known as ISIS) will take weeks if not months to settle, and the Iraqi government's grip on disputed and oil-rich Kirkuk ...
The Iraqi oil minister, Jabar al-Luaibi, announced last week a preliminary agreement to export oil from the Kirkuk oil fields to Iran. Until a ...
Iraq and Iran agreed in principle to export Kirkuk oil to Iran, according to the Iraqi oil ministry. Iraqi Oil Minister Jabbar al-Luaibi said on Friday in ...


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