KBR, a leading provider of technology and engineering solutions, has announced that it has been awarded a major contract by AKT Oil Services Company to provide detailed engineering design services for the West Qurna-1 Low-Pressure Gas Capture Project in Iraq. The project is part of Basrah Gas Company’s (BGC) multi-billion-dollar programme to expand gas capture […]
Iraq’s Minister of Oil Basim Mohammed Khudair Al-Abadi has confirmed that agreements have been reached with Chevron on a contract for the West Qurna-2 oil field, according to a ministry statement carried by the state Iraqi News Agency (INA). Under the agreement, the West Qurna-2 contract is to be signed before the end of the […]
Iraq’s state oil marketer offered buyers contractual crude supplies for October at discounts of as much as $37 a barrel to regional benchmarks, according to a document obtained by Bloomberg.
Vitol has strengthened its presence in the Iraqi oil market by purchasing at least 25 million barrels of crude in September 2026, a move reflecting how major oil traders are capitalizing on supply disruptions in the Gulf region. The Swiss-based Dutch multinational energy and commodity trading company is leveraging its shipping and logistics capabilities to […]
Iraq plans to increase investment in gas production to achieve self-sufficiency, as well as to boost oil output over the next five years, Iraqi Prime Minister Ali al-Zaidi has said. Speaking during a meeting in France with a delegation led by TotalEnergies CEO Patrick Pouyanné, he outlined that this will allow Iraq to reach production […]
Baghdad (IraqiNews.com) – Iraqi Oil Minister Basim Khudair and representatives from British Petroleum (BP) and Texas-based ConocoPhillips discussed on Monday the development of Iraq’s oil and gas industry. The meeting held in Baghdad included BP’s Iraq director Zaid al-Yasiri, Nader Zaki, Ariel Flores, and ConocoPhillips representative William Arnold, as well as senior Iraqi officials in […]
Iraq is offering buyers of its crude the option to collect supplies from outside of the Persian Gulf for the first time since the Iran war began, highlighting resilient exports flowing through the Strait of Hormuz. The country’s state oil marketer, SOMO, is offering Basrah Medium and Heavy that can be collected by ship-to-ship transfer […]
Iraq wants to more than double its oil production within six years. First, it needs OPEC to let it.
Baghdad is targeting output of between 8 million and 10 million barrels per day, up from roughly 4 million bpd before the Iran war, Prime Minister Ali al-Zaidi said Friday.
bp has agreed to bring Türkiye Petrolleri Anonim Ortaklığı (TPAO) into its Kirkuk redevelopment project in northern Iraq, with the Turkish national oil company acquiring a 15% interest in BP Energy Company of Kirkuk Limited (BP ECKL).
Halliburton has been awarded a contract by Basra Oil Company (BOC) to provide integrated field management services (IFMS) and engineering, procurement and construction management (EPCM) for the development of the Bin Umar and Sindbad oil and gas fields in southern Iraq.