OPEC quota and market economics reasons Iraq may tell foreign oil firms to reduce production below contracted plateau.
Tag Archive for 'Oil Production'
Leaders in Kirkuk, Iraq's second largest oil producing province, cautiously optimistic about plan to increase redistribution of wealth to locals.
Mixed signals from Oil Ministry on new offer from Chinese consortium for fields offered in first bidding round, which include famed Fakka field that saw Iranian occupation.
Remaining sabotage, smuggling no match – so far – for Iraq's plans to upgrade key oil infrastructure.
Negotiations on joint venture company to capture wasted natural gas have ended and project will be put to tender, said Iraqi Minister of Electricity.
Lawsuit challenging fundamentals of international oil deals is accepted by judge, and a hearing scheduled for next month.
Iraqi Oil Ministry announces an agreement has been reached for three remaining oil deals, all to be signed by end of January.
Second of three June auction deals is signed with Italy's Eni as Iraq makes way for investment that could lead to 12 million bpd capacity.
Petronas and Japex finalize development deal for Garraf, as ministry readies for another week of oil contract signings and negotiations.
Workers say the popular Manna al-Obeidi should be replaced by someone born in Kirkuk, though the ministry claims his deputy is the right man for the job. Both are beyond the mandatory retirement age.
