BAGHDAD: Iraq's cabinet approved a $363 million contract on Tuesday with Egypt's Orascom Construction to build a 1,014 megawatt gas power plant in the north of the country, it said on Tuesday.
The contract involves building a plant in Baiji, 180 (...)
DUBAI: Many of the world's biggest energy companies may have to surrender most of the gas from Iraq's vast southern oilfields to a processing and export project led by Shell, a final draft contract between Baghdad and Europe's biggest company, (...)
BAGHDAD: Iraq's oil production currently exceeds 2.6 million barrels per day, the first time it has reached that level in 20 years, new Oil Minister Abdul Kareem Luaibi said on Monday.
Luaibi also confirmed exports from the semi-autonomous (...)
LONDON/BAGHDAD: News Iraq's oil minister has been promoted and his deputy has his old job provides a degree of certainty for foreign firms anxious contracts will be honored and could leave the most intractable issues unresolved.
Named on Tuesday (...)
BAGHDAD: Iraq said on Monday its proven oil reserves had risen to 143 billion barrels as work by international oil companies started to yield results.
Iraq's proven reserves had been 115 billion barrels, already the world's third largest, but the (...)
BAGHDAD: Iraq can raise its oil output to about 4 million barrels per day in 2013, its deputy oil minister told Reuters, playing down concerns about insecurity and lack of government.
The increase is part of a step change after Iraq last year (...)
BAGHDAD: Iraq's cabinet on Tuesday approved a deal with Royal Dutch Shell and Japan's Mitsubishi to capture gas being flared at southern oilfields, government spokesman Ali Al-Dabbagh said.
Dabbagh said the partners in the deal planned to invest (...)
BAGHDAD: Oil exports from Iraq's southern oil hub of Basra partly recovered on Monday to 1.08 million barrels per day after disruption by a sandstorm over the past two days, a shipper said.
Exports had fallen to 720,000 barrels per day on Sunday (...)
BAGHDAD: Iraq's Oil Ministry signed a final deal with China's CNOOC and state-run Turkish Petroleum Corporation (TPAO) on Monday to develop the 2.5-billion-barrel Maysan oilfield complex.
The deal is the eleventh of a series signed since last (...)
BAGHDAD: Iraq could challenge Russia s number two spot among world oil producers after auctioning two prized oilfields on Friday, although it failed to attract companies to bid for deals in its most dangerous areas.
Royal Dutch Shell and Malaysia (...)