The return of the U.S. sanctions on Iran will not impact an agreement between Iran and Iraq to swap crude oil, Iraq’s Oil Minister Jabbar al-Luiebi said on Friday.
read more... 25/06/2018
Iraq has begun export deliveries of oil from the fields of the Kirkuk province to Iran. Transportation of oil from Kirkuk to Iran is a part of an agreement concluded between the two states’ oil ministries providing for exports in the amount of 30 to 60 thousand barrels per day.
read more... 04/06/2018
Bashneft International, a subsidiary of Russian state-owned oil company Rosneft discovered a new oil field in Iraq as a result of drilling of the first exploratory well at Block 12, Rosneft said in a press release.
read more... 24/05/2018
Iraq completes initial deal with China's ZhenHua Oil aiming the development of the East Baghdad oil field, as stated by Iraqi Oil Minister Jabar Ali al-Luaibi on Monday.
read more... 27/12/2017
Brent oil price rose on predictions that OPEC-led output reductions would be prolonged beyond March even though higher Iraqi exports put a cap on prices. Brent crude futures increased by 46 cents, or 0.8 percent, to settle at $60.90 per barrel, its highest level since July 2015. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures surged 0.5% to $54.15 a barrel.
read more... 31/10/2017