Aberdeen’s EnerMech ties up with Iraqi trading group to target Middle East projects
Aberdeen based EnerMech has launched a joint venture with Iraq's Khudairi Group which is expected to generate a $20million turnover.
Iraq
Iraq maintains oil exports of more than 3million bpd
Iraq's oil exports averaged 3.252 million barrels per day (bpd) last month.
Iraq oil minister reveals plans for three new gas plants
Iraq’s oil minister has said the country will construct three new processing plants to enable it to store more gas and reduce flaring, according to a new report.
Gulf Keystone in £9.5m pay day in Kurdistan
Gulf Keystone Petroleum (GKP) said today that it had banked a £9.5million payment from Kurdistan.
US targeted Syria accounts for tiny % of global oil – but neighbouring Iraq is a different matter
While Syria makes only 0.04% of global petroleum supplies -- less than Cuba, New Zealand or Pakistan -- it calls one of the world’s biggest producing regions its neighborhood.
Gulf Keystone narrows losses thanks to ‘safe and secure’ 2016
Gulf Keystone Petroleum (GKP) narrowed its losses in 2016 after enjoying a year of “safe and secure operations” in its stomping ground of Kurdistan.
Genel set to lose CFO, chairman search continues, reports say
Genel Energy (GENL) is to lose its chief financial officer while still struggling to find a replacement for Chairman Tony Hayward, it has been reported.
Iraq’s Taq Taq reserves downgraded, Genel expects $181m impairment charge
Genel Energy expects to record an impairment charge of $181million on its books for 2016 after reserves were downgraded at the Taq Taq field in Iraq.
Russia’s Lukoil eyeing up Iran oil fields under rule change
Russia's second top oil producer Lukoil hopes to reach a deal to develop two oilfields in Iran in April, the firm's chief executive has claimed.
Iraq to look offshore in bid to increase OPEC reserves
Iraq is to start offshore exploration in a bid boot its OPEC reserves, the country's oil minister has claimed.
Trump’s defence chief tells Iraq – ‘We’re not here for your oil’
US military chiefs have denied being in Iraq to seize the OPEC nations' oil.
Iraq to acquire “large fleet” of tankers for OPEC transport
Iraq is planing to acquire a "large fleet" of tankers in a bid to transport OPEC crude to global markets.
Iraq exports to hit 7-month low, reinforcing Opec cuts
Iraq’s oil exports are poised to decline to a seven-month low in March as ongoing maintenance at some of its biggest fields coincides with a seasonal slump in shipments, potentially helping the country to meet a pledge to OPEC that it would restrict crude supply.
Iraq responds in kind to Trump travel ban
The Iraqi parliament has approved a “reciprocity measure” in response to Donald Trump’s executive order temporarily banning citizens from Iraq and six other Muslim-majority countries from entering the US, according to legislators.
Oil rises near $53 as Iraq says close to full OPEC cut pledge
Oil advanced to trade near $53 a barrel as Iraq said it’s close to implementing its share of pledged output curbs agreed with OPEC to trim bloated global inventories and stabilize the market.
Iraq reduces oil production by 180,000bpd
Iraq said it has reduced its oil production by around 180,000 barrels per day and plans to cut a further 30,000 barrels per day before the end of the month.
DNO makes Kurdistan oil discovery
Norwegian operator DNO said it has made an oil discovery in the Kurdistan Region of Iraq.
Kuwait Energy secures $100m facility for investment in Iraq, Egypt
Kuwait Energy said today that it had inked a forward sale agreement with Vitol that will provide it with a financing facility of up to $100million.
Video: BP’s Iraq field hits 3 billion barrel mark
BP's field in Iraq has hit the milestone three billion barrel mark, the oil major today confirmed.
Iraq said to boost oil sales to China, US, India before Opec supply cuts bite
Iraq is selling more crude oil to its biggest customer in China digging a deeper foothold in the global supply market just before production cuts agreed with OPEC and other producers kick in.
Opec deal unlikely to lead to major market rebalancing, researchers say
Analysts have poured cold water on the idea that the recent output deal from Opec and non-Opec countries will lead to a major rebalancing of the oil market.
Opec’s output deal: What we know so far
The heads of Opec member countries will meet in Vienna today in an attempt to hammer out a deal on production cuts.
Iraq PM says his country will cut oil production
Iraq’s prime minister says his country will agree to cut its own oil production as part of a plan by Opec to push crude prices higher.
Shell considers Iraq sell off, sources say
Shell is considering shedding it oil fields in Iraq as part of its $30billion asset divestment plan, according to industry sources.
Iraqi leader predicts is collapse in Mosul
Iraqi prime minister Haider al-Abadi has said Islamic State fighters lack the courage to put up long-term resistance in Mosul as the fight for the country’s second-largest city looks set to extend well into 2017. “We have seen the whole organisation collapsing in terms of standing in the face of our own armed forces,” Mr al-Abadi said.