Iraq postponed its heralded public opening of a new export system, but major infrastructure plans are still moving forward, including a new $1 billion West Qurna 2 contract.
Oil
-
Iraq's Oil Ministry announced a timeline to bring new exports online, as well as its first new oil field discovery in 30 years, and 2011 oil and revenue statistics.
-
Iraq's Oil Minister, also president of OPEC, will be in Iran Thursday as pressure mounts over Iran's threat to shut Strait of Hormuz for oil flow.
-
Genel Energy takeover of Chia Surkh block a bellwether of deal-making and expansion in Kurdistan this year.
Iraq oil exports, revenue rebound
November oil sales have ticked up on higher oil prices and volumes, heading into uncertain new year with output expected to rise.
- Despite nationwide investment, Exxon has Iraq output doubts
- Oil optimism buoys draft budget
- Iraq oil exports down, income up in Oct.
- Q&A: Genel Energy's Tony Hayward and Mehmet Sepil
- Exclusive: ExxonMobil's blocks in the KRG
Karbala refinery deal could be downstream milestone
The Oil Ministry has entered an exclusive 6-month negotiating window with the Refinery of Karbala Corporation for a $6.5 billion deal that would boost Iraq’s lagging downstream sector.
- After leading turnaround, Beiji refinery chief quits
- Private fuel sellers protest profit caps
- UPDATE: Iraq steps up efforts to lure refinery investors
- Sweeter deals for private refinery investments
- Smuggling racket revealed in Dhi Qar
