Iraq Holds Over 145 Billion Barrels of Proven Oil Reserves, Eyes Major Expansion
Iraq has the fourth-largest proven oil reserves in the world, totaling over 145 billion barrels, according to a statement released...
Oil & Gas
Sulaymaniya Firm to Build $2B Kirkuk Refinery
Kirkuk Governor Ribwar Taha Mustafa has signed a contract for the construction of the Kirkuk Refinery, which has a planned...
Iraq to Build Offshore LNG Import Terminal
OPEC producer Iraq is pushing ahead with plans to build an offshore platform to receive liquefied natural gas (LNG) after...
BP to Invest Up to $25 Billion in Kirkuk Oil and Gas Fields
British oil giant BP (BP.L) is set to invest up to $25 billion over the lifetime of a project to...
Significant Oil Reserves Uncovered in Central Iraq
The Iraqi Midland Oil Company, which is state-owned, has announced the discovery of significant oil reserves in the East Baghdad...
CPECC to Develop $1.7 Billion Gas Project in Southern Iraq
Bassem Abdul-Karim Al-Shamkhani, director of the state-run Basra Oil Company (BOC), announced on Thursday that China Petroleum Engineering and Construction...
Iraq Approves $4.6 Billion Basrah-Haditha Oil Pipeline Project
Iraq has approved the construction of the Basrah-Haditha oil pipeline, a $4.6 billion (5.97 trillion dinars) project, according to local...
Oman to Engage Energy Majors for Funding Its Next LNG Project
Oman’s plans for its next liquefied natural gas (LNG) facility depend on securing private investments from leading global energy companies,...
Oman Unveils $5 Billion Future Fund for Major Projects
Oman has launched a $5 billion investment fund, primarily focused on large-scale projects, but also designed to support SMEs and...
Saudi petrochemical producers face a perfect storm of low demand, falling prices and higher feedstock cost
Saudi Arabia's petrochemical producers are staring at a few more quarters of squeezed margins as higher feedstock prices, lower product...
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