Iraq started running a new natural gas processing plant for oil fields in the southeastern area on Sunday as part of a plan to employ gas that was previously flared to produce power, as stated by the oil ministry.
read more... 17/08/2016
Output from three new wells brought online at the Badra oil field add to the overall daily production from OPEC-member Iraq, as indicated by a Russian field operator.
read more... 10/06/2016
Iraq increased its crude output to a record level in March, ahead of the long-awaited April 17 meeting in Qatar where OPEC members and other producers may agree to cap production to curb a global glut, according to the state-run Oil Marketing Co.
read more... 11/04/2016
Iraq on Sunday has begun exporting first shipment of natural gas condensate in its history, according to an Iraqi government spokesman.
read more... 21/03/2016
WTI crude oil prices retreated 6% on Monday, falling below the key $30-a- barrel threshold in post-settlement trade, after news that Iraq’s production hit a record last month, intensifying again the worries about supply glut. U.S. crude fell $1.85 or 5.8% to settle at $30.34 a barrel. Brent crude, the global benchmark, eased $1.68 at $30.50 a barrel, 5.2% below its settlement price on Friday. It attained $30 after Monday's close.
read more... 26/01/2016