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Iraqi oil ministry officials said that ExxonMobil has reached out to express interest in acquiring Lukoil’s majority share in the massive West Qurna 2 oilfield, Reuters reported. ExxonMobil has approached Iraqi oil ministry officials to express interest in acquiring Lukoil’s majority share in the West Qurna 2 oilfield, Reuters reported. The field holds approximately 13 billion […]
The post Exxon Mobil Eyes Lukoil’s Stake in Iraq’s West Qurna 2 Giant first appeared on Egypt Oil & Gas.
Read moreA rocket attack struck a liquid storage tank at Iraq’s Khor Mor gas field, one of the largest in the Kurdistan region, forcing a halt in production and causing major power cuts across northern Iraq, joint field operator Dana Gas confirmed on Thursday, November 27, as reported by Reuters. The attack, which occurred late on […]
The post Rocket Attack Hits Iraq’s Khor Mor Gas Field, Halting Production first appeared on Egypt Oil & Gas.
Read moreWood, a UK-based consulting and engineering company, has secured a new contract to manage Engineering, Procurement, and Construction (EPC) services for PetroChina at the West Qurna 1 oilfield in southern Iraq. The multi-year award deepens Wood’s long-standing involvement in one of the nation’s largest and most vital oil-producing assets. “The West Qurna 1 field underpins the nation’s […]
The post Wood Secures Major EPC Contract at Iraq’s West Qurna 1 Field first appeared on Egypt Oil & Gas.
Read moreOil producers in Iraq’s Kurdistan region have successfully loaded the first export cargo from Turkey’s Ceyhan terminal, marking a critical step in the resumption of regional crude exports. Gulf Keystone Petroleum announced that it expects to receive payment for its portion of the cargo within 30 days. The company is already planning a second lifting […]
The post Kurdistan Oil Exports Resume as Gulf Keystone Loads First Cargo at Ceyhan first appeared on Egypt Oil & Gas.
Read moreMiddle Eastern oil producers, including Saudi Arabia, Iraq, and Kuwait, will increase crude oil shipments to India in December. This strategic move allows the Organization of the Petroleum Exporting Countries (OPEC) members to reclaim market share as Indian refiners pivot from Russian supplies due to tightening Western sanctions. The shift follows a pause in purchases from […]
The post Middle Eastern Oil Producers Boost Crude Supplies to India first appeared on Egypt Oil & Gas.
Read moreIraq’s Misan Oil Company has completed the drilling of the deepest horizontal well in the Bazarkan oil field, setting three new records and marking a major milestone in Iraq’s upstream development efforts. The well, BUCN-226H, was completed at the beginning of November and set the records for depth, horizontal length, and total displacement. It reached […]
The post Iraq’s Misan Drills Deepest Horizontal Well in Bazarkan first appeared on Egypt Oil & Gas.
Read more(World Oil) – Russia’s Lukoil PJSC declared force majeure on oil shipments from its giant West Qurna 2 field in Iraq, […]
Read moreIraq has signed a $450 million investment agreement with US-based Excelerate Energy to construct the country’s first floating storage and regasification unit (FSRU) at the port of Khor al-Zubair, officials told Reuters. The facility will enable Iraq to import, store, and regasify liquefied natural gas (LNG), which will be integrated into the national power grid […]
The post Iraq Signs $450 Million Deal with Excelerate to Build First LNG Regasification Unit first appeared on Egypt Oil & Gas.
Read more(Oil price)– Iraq signed on Tuesday a contract with U.S. company Excelerate Energy for the country’s first floating gas platform, […]
Read more(BOE Report) – Iraq is in negotiations over the size of its OPEC quota within its available capacity of 5.5 […]
Read moreIraq’s Ministry of Oil highlighted that the Kirkuk Fields Development Project will raise oil and gas production and curb flaring through effective investment, with the Ministry noting that it will also revive economic activity in the surrounding areas. The first meeting of the Joint Management Committee for the project, led by bp, was recently held […]
The post Iraq Launches Kirkuk Fields Development Project to Boost Oil, Gas Output first appeared on Egypt Oil & Gas.
Read moreDana Gas, the Middle East’s leading natural gas company, and Crescent Petroleum, the region’s oldest private upstream oil and gas firm, announced the official launch of the commercial gas sales from the KM250 gas expansion project at the Khor Mor facility in the Kurdistan Region of Iraq (KRI). The KM250 project, delivered eight months ahead […]
The post Dana Gas, Crescent Petroleum Launch KM250 Gas Expansion Project Ahead of Schedule in Iraq’s Kurdistan Region first appeared on Egypt Oil & Gas.
Read more(World Oil)– Exxon Mobil Corp. Chief Executive Officer Darren Woods renewed criticism of the European Union’s energy policies while praising […]
Read more(World Oil) – Exxon Mobil Corp. Chief Executive Officer Darren Woods renewed criticism of the European Union’s energy policies while […]
Read more(World Oil)– ExxonMobil signed agreements that lay the groundwork for it to explore Iraq’s giant Majnoon oil field, ending the […]
Read more(Investing.com)– Exxon Mobil signed an agreement with Iraq on Wednesday to help it develop its large Majnoon oilfield and expand its oil […]
Read more(Investing.com)– Exxon Mobil signed an agreement with Iraq on Wednesday to help it develop its large Majnoon oilfield and expand its oil […]
Read moreExxonMobil, an American energy giant, is exploring the possibility of returning to operations in Iraq after nearly two years’ hiatus by signing preliminary agreements to begin work on the Majnoon oil field in southern Iraq. The oil field, located about 60 kilometers north of Basra, is recognised as one of the world’s most resource-rich fields, […]
The post ExxonMobil Mulls Resuming Operations in Iraq first appeared on Egypt Oil & Gas.
Read more(Investing) – HOUSTON -Oil prices edged lower on Monday as worries of an oversupply outweighed geopolitical tensions in Russia and […]
Read moreDuring the 2025 Gastech Exhibition and Conference, Baker Hughes inked an agreement with Iraq’s Halfaya Gas Company (HGC) to expand cooperation on a flare gas recovery project at the Bin Umar gas processing facility in southeastern Iraq. The initiative aims to cut upstream flaring substantially and convert waste gas into useful products, said the company […]
The post Baker Hughes Secures Deal with Halfaya Gas to Drive Flare Reduction Initiative in Iraq first appeared on Egypt Oil & Gas.
Read moreSenior Iraqi government officials met with Patrick Pouyanné, Chairman and CEO of TotalEnergies, to celebrate the launch of the construction of the Common Seawater Supply Project (CSSP) and Phase 2 of the Artawi Oil Field Redevelopment project (Artawi Phase 2 Project). Both are part of the final component of Iraq’s Gas Growth Integrated Project (GGIP), […]
The post TotalEnergies, QatarEnergy to Construct Iraq Gas Project Components first appeared on Egypt Oil & Gas.
Read moreSenior Iraqi government officials met with Patrick Pouyanné, Chairman and CEO of TotalEnergies, to celebrate the launch of the construction of the Common Seawater Supply Project (CSSP) and Phase 2 of the Artawi Oil Field Redevelopment project (Artawi Phase 2 Project). Both are part of the final component of Iraq’s Gas Growth Integrated Project (GGIP), […]
The post TotalEnergies, QatarEnergy to Construct Iraq Gas Project Components first appeared on Egypt Oil & Gas.
Read moreIraq is stepping up its regional energy strategy through new agreements and projects aimed at bolstering oil and gas exports and expanding domestic power generation. The State Oil Marketing Organization (SOMO) unveiled talks to build a pipeline linking Basra to Oman, aiming to broaden export channels, boost capacity, and reinforce Iraq’s output growth. SOMO highlighted […]
The post Iraq Strengthens Energy Ties with Oman, Turkmenistan first appeared on Egypt Oil & Gas.
Read moreThe State Oil Marketing Organization (SOMO) revealed that it entered into negotiations with ExxonMobil seeking a deal for more storage space in Singapore, according to Iraq News Agency (INA). It added that the negotiations also include other agreements to strengthen storage and refining activities in Asia, emphasizing Iraq’s ongoing status as a major crude oil […]
The post SOMO Negotiates with Exxon for Storage Space in Singapore first appeared on Egypt Oil & Gas.
Read more(Investing.com)– Oil prices rose on Tuesday ahead of an upcoming OPEC+ meeting on Sunday, in which analysts expect the group […]
Read moreIraq has increased its refining capacity to 1.3 million barrels per day (mmbl/d), positioning itself among the top Arab countries in the sector, Iraq News Agency (INA) reported, citing the media office of Iraq’s Prime Minister Mohammed Al Sudani. According to the statement, Iraq is moving closer to its target of reaching 1.65 mmbl/d in […]
The post Iraq Is Close to Self Sufficiency in Petroleum Products first appeared on Egypt Oil & Gas.
Read moreHayan Abdul-Ghani, the Iraqi Deputy PM for Energy Affairs and Minister of Oil stated that his country is considering resuming exporting oil through the Syrian Baniyas and Lebanese Tripoli pipelines, with the aim to diversify the export routes, Iraq News Agency reported. This came during the minister’s meeting with his Syrian counterpart, Mohammed Bashir, where […]
The post Iraq Considers Exporting Oil through the Historical Syrian Baniyas and Lebanese Tripoli pipelines first appeared on Egypt Oil & Gas.
Read moreTurkey has sent a request to Iraq asking to renew and expand the collaboration between the two countries in energy, the Iraq News Agency reported. The request was attached with a draft for a new inclusive agreement in oil, gas, petrochemical industries, and electricity. This followed Turkey’s announcement to terminate the agreements and protocols signed […]
The post Turkey Sends New Draft to Iraq to Renew, Expand Energy Agreement first appeared on Egypt Oil & Gas.
Read moreThe Iraqi Drilling Company (IDC) accelerated the pace of operations in its project to drill 15 oil wells in the Rumaila field, in cooperation with Haliburton and BECL. IDC is a state-owned company working under the supervision of Iraq’s Ministry of Oil. It operates dozens of drilling rigs across the country. During a field visit […]
The post IDC Accelerates Drilling Operations in Iraq’s Rumaila Field first appeared on Egypt Oil & Gas.
Read moreModern Gas, an Egyptian joint stock company with operations in both Saudi Arabia and the United Arab Emirates (UAE), and the Alexandria Petroleum Maintenance Company (Petromaint), a leading oil and gas service provider in Egypt offering a wide range of expert services, held a meeting with the Iraqi Ministry of Oil. The meeting discussed the […]
The post Egypt, Iraq Talk Egypt’s Participation in Natural Gas Projects in Iraq first appeared on Egypt Oil & Gas.
Read moreIraq has signed a contract with a consortium consisting of China-based Geo-Jade Petroleum Corporation and Basra Crescent to develop the Iraqi Tuba field and increase its production from 20,000 b/d to 100,000 barrels per day (b/d) , according to Reuters. The project will also include establishing a refinery with a capacity of 200,000 barrels, a […]
The post Iraq, China Sign $848 mn Energy Development Deal in South Basra first appeared on Egypt Oil & Gas.
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