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Qatar-based Ooredoo has announced that its Iraqi unit Asiacell Revenues Fall 14%

Qatar-based Ooredoo has announced that its Iraqi unit Asiacell has maintained its No.1 revenue market share position, but its revenues have fallen 14 percent:In...

Shaikan Field in Iraqi Kurdistan Crude oil to be Exported by Trucks to Turkey

Gulf Keystone Petroleum (GKP), operator of the Shaikan Field in Iraqi Kurdistan, has said the Kurdistan Regional Government’s Ministry of Natural Resources (MNR) is...

Iraq’s Ministry of Oil announces New Refinery Investment in Basra

Iraq’s Ministry of Oil has announced the offering of a new investment refinery in Basra province.The facility at Fao city will have a capacity...

Rosneft and KRG sign Oil contract of Kurdistan Region over the period 2017-2019

Russia’s Rosneft and the Kurdistan Regional Government of Iraq signed a Cooperation Agreement in the fields of upstream, infrastructure, logistics and trading. The document...

Iraq discover new major oil reserve, which will boost production up to 1000 cm

Baghdad: Iraq announced on Wednesday a new major oil reserve discovery that could add a daily production surge of 1000 cubic meters.Quoted by media,...

Iraq’s foreign reserves decline to US$49 bn

Baghdad: Iraq’s foreign currency reserves recorded a drop to US$49 billion, a decline triggered by falling world oil prices, according to the central bank...

Oil turns positive despite record high U.S. crude stocks

Oil turned positive Wednesday, brushing off a bearish increase in U.S. crude inventories to record highs and returning focus to OPEC’s record compliance with...

Largest ship of Iraq history reached at Iraqi Port

Basra Multipurpose Terminal (BMT), in the port of Umm Qasr, has recently welcomed Iraq’s largest vessel do date, the 325 meter-long MSC Rita.The arrival was...

Iraqi president appreciates Iran’s military support through Qasem Soleimani

 Iraqi President Fuad Masum has hailed neighboring Iran for its support to Iraqi troops in the fight against ISIS, saying that the presence of...

OPEC countries completely cooperating concerning output cut

 OPEC countries are largely complying with a landmark deal to reduce the global oil glut, the IEA said Friday, as it predicted that oil...