“Prior to the 2003 invasion and occupation of Iraq US and other western oil companies were all but completely shut out of Iraq’s oil market,” industry analyst Antonia Juhasz told Al Jazeera wire service. “But thanks to the invasion and…
Russian producer Bashneft is reportedly in talks with Britain’s Premier Oil and PetroVietnam to jointly bid for oil field licenses in Iraq’s fourth licencing round in April.
Managing Director of the Iranian Central Oil Fields Company (ICOFC) Mehdi Fakour announced that Tehran and Baghdad have decided to establish a joint company for developing three joint oil fields.
The Organization of the Petroleum Exporting Countries’ (OPEC) crude oil output averaged 30.83 million barrels per day (b/d) in December, up 230,000 b/d from estimated November output of 30.6 million b/d, a just-released Platts survey of OPEC and oil…
The first of four new Iraqi single- point mooring facilities will be ready to start pumping oil for tankers on Jan. 25, said Dhia Jaafar, director general of South Oil Co.