Oil and Gas
-
TotalEnergies Partners with Wood for Iraq Gas Growth
Wood, a global leader in consulting and engineering, has been awarded a $46 million, three-year contract by TotalEnergies to support a key energy project in Iraq. Under the agreement, Wood will provide front-end engineering design (FEED), detailed design, procurement support, and construction and commissioning assistance for the first phase of…
Watch -
New 70,000 BPD Refining Unit Added at Maysan
In a strategic move to boost Iraq’s refining capabilities, the Ministry of Oil has announced the addition of a new refining unit at the Maysan Refinery, increasing its capacity by 70,000 barrels per day (bpd). This expansion is expected to play a significant role in enhancing the country’s domestic fuel…
Watch -
India Turns to Iraq for More Oil Supplies
India is expected to increase its crude oil imports from Iraq and other Middle Eastern suppliers in the coming months. According to Gurmeet Singh, Director General of the Federation of Indian Petroleum Industry (FIPI), “India’s crude oil imports from Middle Eastern suppliers, including Iraq and Saudi Arabia, are expected to…
Watch -
Iraq’s Oil Sector Drives Social Development Projects
The Ministry of Oil provided a detailed clarification on Monday regarding the social benefit projects implemented in areas surrounding oil fields, emphasising their focus on three key sectors. The ministry explained that these social benefit initiatives comprise service projects aimed at enhancing the infrastructure of communities near oil fields operated…
Watch -
CPECC Explores Opportunities in Oil and Gas Development
Deputy Prime Minister for Energy Affairs and Minister of Oil, Mr. Hayan Abdul-Ghani Al-Sawad, welcomed a delegation from the China Petroleum Engineering and Construction Corporation (CPECC) to discuss key opportunities for collaboration in Iraq’s energy sector. The discussions centred on strategies to advance the development of the oil industry and…
Watch -
Northern Refineries Boost Oil Output by 20,000 Barrels Daily
In line with the government programme and the directives of Deputy Prime Minister for Energy Affairs and Minister of Oil, Mr. Hayan Abdul-Ghani Al-Sawad, the Northern Refineries Company has successfully increased the production capacity of the Siniyah refinery, adding 20,000 barrels per day. This raises the refinery’s overall capacity to…
Watch -
Gas Investment Projects Drive Iraq’s Industrial and Economic Growth
Deputy Prime Minister for Energy Affairs and Minister of Oil, Mr. Hayan Abdul-Ghani Al-Sawad, underscored Iraq’s commitment to optimising gas investment to bolster energy, economic, and industrial progress. His remarks came during a visit to the gas isolation station in the Artawi field, located in Basra Governorate, on Monday, 16…
Watch -
OPEC+ Delays Oil Production Hike to April 2025
OPEC+ has decided to postpone its planned oil production increase until April 2025, extending its existing output cuts. This decision comes amid concerns over weak global demand and efforts to stabilise oil prices, which are currently hovering around $75 per barrel. Analysts note that extending cuts reflects OPEC+’s cautious approach…
Watch -
Parliamentary Committee Reviews Ministry of Oil’s Project Progress
The Ministry of Oil held a significant meeting today with the Parliamentary Strategic Planning Committee to review progress on government programme projects and outline future strategies. The meeting, chaired by Dr. Laila Al-Tamimi, a Member of the House of Representatives, included several Parliamentary Committee members. Representing the Ministry of Oil…
Watch -
OPEC Meetings Postponed to 5th December 2024
The 57th Meeting of the Joint Ministerial Monitoring Committee (JMMC) and the 38th OPEC and non-OPEC Ministerial Meeting (ONOMM), initially scheduled for 1 December 2024, have been postponed to Thursday, 5 December 2024. The meetings will now take place via videoconference. The rescheduling comes as several key Ministers will be…
Watch