Kuwaiti Oil Minister Essam al-Marzouk said the quantities have been agreed and the start date will be determined after technical committees fix prices and shipping methods
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Egypt seeks to import crude directly from Iraq
“We are seeking to directly import crude oil from Iraq. We already use Iraqi oil but we get it from international markets but we hope to have a direct government to government agreement,” Egypt’s Petroleum Minister Tarek El Molla said
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Iraq boosts oil sales to China, US, India
The Unipec contract was signed just before the OPEC agreed with other producers led by Russia to cut output by as much as 1.8mn bpd in an effort to reduce a global fuel supply overhang and prop up prices
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Iraq and Petrofac sign $75mn contract
Petrofac will continue to facilitate a substantial proportion of Iraq’s oil export which is generated from the facility located 60km offshore the Al Fao Peninsula in Southern Iraq
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Iraq’s oil exports reached 4.051mn bpd in November
Exports from southern oilfields totalled 3.407mn bpd
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Shell considering selling its Iraq oil assets
Shell is seeking to slim down its vast oil and gas portfolio following the $54bn acquisition of BG Group in February, which transformed it into the world’s top liquefied natural gas trader
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Restrata, Agility train Iraq’s oil and gas workers
The facility supports major oil fields, including Rumaila North/South, West Qurna, and Zubair, and serves as a secure transit hub to central Iraq.
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Mott MacDonald to design new oil terminal in Iraq
Scheduled to be completed by the second quarter of 2018, the facility will handle petroleum products such as gasoline, diesel, aviation turbine fuel, kerosene, fuel oil and liquefied petroleum gas.
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Iraq offers oilfields under new contract terms
The new invitation to tender allows oil companies to ‘submit their own proposals for contractual, commercial and financial terms and conditions’, a clear shift from the service contracts used for the country’s giant southern fields.
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Iraq refuses to join output cut citing IS conflict
Iraq currently produces more than the 4.7mn bpd it pumped in September, and output could rise still higher as the government urges international companies to boost production