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Featured News

05/31/2023

Moscow signed 10 new cooperation agreements with Iran for the oil sector alone on 18 May.

05/31/2023

Iraq is going full throttle in its oil and gas development and has awarded a project to a Chinese firm with a capacity of around 3.2 million barrels.

05/30/2023

Iraq’s oil export revenues for April exceeded $7.69 billion USD, according to an official statement.

05/30/2023

About 90% of Iraq’s budget revenue comes from the oil sector. Experts recommend the country to diversify its economy to combat global warming and not be subject to oil decline.

05/29/2023

A flare-up between the regional government in Kurdistan and Baghdad has added risk for the resumption of oil flows from the northern Iraqi region.



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Iraq warned to reduce reliance on oil

'About 90% of Iraq’s budget revenue comes from the oil sector. Experts recommend the country to diversify its economy to combat global warming and not be subject to oil decline. '

Iraqs oil export revenues in April exceed USD 7.6 billion

'Iraq’s oil export revenues for April exceeded $7.69 billion USD, according to an official statement.'

Saudi Arabia may join Iraqs Nibras petrochemicals project

'Saudi Arabia could subscribe to the giant “Nibras” petrochemical project which will be built in Iraq by UK-headquartered Shell, according to Iraq’s Oil Minister.'

Flare Up Between Kurdistan And Iraq May Delay Oil Export Restart

'A flare-up between the regional government in Kurdistan and Baghdad has added risk for the resumption of oil flows from the northern Iraqi region.'

Saudi Aramco to Invest in Iraqi Gas Field

'Iraq's Minister of Oil has announced an agreement with Saudi Aramco to invest in the development of the Akkas gas field in Anbar province.'





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