Iraq on a tear to triple its refining capacity, keep up with its growing production
Currently, Iraq is capable of processing about 500 MBOPD, far below the ~4.5 MMBOPD the country produced in 2016. Iraq...
Oil & Gas
Iraq’s plan for oil $18 billion pipeline to Jordan in final stages
Iraq has almost completed the formalities for building a pipeline to transport crude oil to Jordan and the contract will...
Iraq approves $5 billion oil refinery project in Kirkuk
Iraq’s oil ministry has authorized the construction of a refinery in Kirkuk in the Kurdistan region of Iraq that would...
KRG PM Barzani meets with representatives of Russian oil giant Rosneft
A top Kurdish delegation headed by the Prime Minister Nechirvan Barzani have met with management board of the Russian oil...
Dana Gas makes first international condensate sale in Egypt
Dana Gas, the Middle East’s largest regional natural gas company, has achieved an important milestone with the first international sale...
Egypt inks first oil deal with Iraq
Egypt has agreed to import one million barrels of Iraqi oil a month, Minister of Petroleum Tareq el-Molla announced. ...
Nine companies prequalify for Lebanon oil & gas exploration
The deadline for the second prequalification round for oil and gas exploration has expired. Nine new companies have now applied...
Jordan-Iraq oil pipeline to cost $5-7 billion
A study by the Iraqi Government into a planned oil pipeline that would extend from Iraq to Jordan has revealed...
Hyundai Engineering in $3.2 Billion Iran Deal
South Korea's Hyundai Engineering Co. (HEC) signed an agreement on Sunday for financing and constructing the second phase of Kangan...
Oil to average $50 to $70 through 2022: Bank of America Merrill Lynch report
Brent crude oil prices will average $50 to $70 per barrel (/bbl) through 2022, according to an annual medium-term supply/demand...
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