Tag: Iraq

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Oil Prices Could Reach $100 per barrel Next Year – Iraq Oil Minister

According to Reuters, Iraqi Oil Minister Ihsan Abdul Jabbar Ismaael warned on Wednesday that due to low global commercial supplies, prices could exceed $100 per barrel in the first half...
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Iraq Accepts Chevron’s Offer to Develop Oil Exploration Blocks

The Iraqi oil ministry said in a statement on Monday that the Ministerial Energy Council has approved talks with Chevron for the development of four (4) exploration blocks in the...
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Iraq Signs Four Oil & Gas Contracts Worth $27bn with TotalEnergies

Iraq has struck a deal with TotalEnergies for four oil and gas projects worth $27 billion, according to the country's oil minister. The agreement includes three contracts between the Iraqi...
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Iraq Signs Over $7 billion Energy Deal with Total

Iraq has signed a preliminary agreement with French oil and gas group, Total, that includes four (4) projects to develop oil fields, produce gas, build large energy infrastructure and generate...
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Egypt to Develop Projects on Iraqi Territory in Exchange for Petroleum Products

Egypt is to implement the development agreements signed with Iraq in October to strengthen bilateral cooperation between the two parties. The terms of the agreement states that Cairo is to...
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Siemens Energy in Discussions to Help Add 1.3 Gigawatts to Iraq’s Grid by 2021

Siemens is in talks with the government of Iraq to advance work on phase two of its $15 billion power rehabilitation project. The German industrial giant is in talks to...
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Jordan, Iraq and Egypt Discuss Resuscitation of Oil Pipeline Project

The government of Jordan, Egypt and Iraq held discussions on the reviving of an oil pipeline project that would link the three countries. In 2013, Jordan and oil-exporter Iraq signed...
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OPEC Celebrates 60th Anniversary

On the 14th of September 1960 in Al-Shaab Hall in Baghdad, the Organisation of Petroleum Exporting Countries was birthed. The five founding fathers were Juan Pablo Pérez Alfonzo of Venezuela;...
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Nigeria/Saudi Arabia: Petroleum Ministers Discuss the Global Oil Market

The Minister of Petroleum of Nigeria, His Excellency Timipre Sylva and the Minister of Energy of the Kingdom of Saudi Arabia, His Royal Highness Prince Abdulaziz Bin Salman had a...
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Nigeria Complies to OPEC+ Production cut for June

It was reported at the virtual 19th Joint Ministerial Monitoring Committee (JMMC) that held last month, that the Committee asked laggards in the first month of the OPEC deal to...
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