Iraq

The Iraqi Kurdish ministries of electrical power and natural resources said on Saturday they are working with their partners to bring back operations at the Khor Mor gas field in Iraq's Kurdistan area after output was suspended due to a fatal drone attack. At least 4 Yemeni workers were killed and 2 other workers hurt in the attack late on Friday, the Kurdish local government said on X. It stated gas materials to power plants were likewise halted, leading to a decrease of around 2,500 MW of power generation. Up until now no group has claimed duty for the attack....

4 expatriate workers were killed in a drone attack targeting the Khor Mor gas field in Iraq's Kurdistan region on Friday, a consultant to the Iraqi Kurdish prime minister told . Production has likewise been suspended, the advisor to the Iraqi Kurdish prime minister and a senior Kurdish politician stated. The 4 migrant workers killed in the attack were from Yemen, a declaration from the Kurdish regional government said. Iraqi President Abdul Latif Rashid, in a Saturday post on X, condemned the attack that led to numerous deaths and injuries, and has actually affected the regional electricity supply network. The...

A year after the closure of the IraqTurkey oil pipeline, the conduit that once managed about 0.5% of global oil supply is still stuck in limbo as legal and monetary obstacles impede the resumption of flows, 3 sources informed . As soon as streamed through, about 450,000 barrels per day of crude Iraq's northern oil export path through Turkey, and its closure has led to the loss of approximately $11 billion to $12 billion for Iraq, the Association of the Petroleum Market of Kurdistan (APIKUR). price quotes. A restart is not being discussed at the moment, among the. sources with...

Iraq will minimize its crude exports to 3.3 million barrels a day (bpd) in the coming months to make up for surpassing its OPEC+ quota since January, the oil ministry said on Monday, a promise that would cut deliveries by 130,000 bpd from last month. OPEC's second-largest producer Iraq pumped substantially more in January and February than an output target developed in January when numerous members of the Organization of the Petroleum Exporting Countries and allies (OPEC+), including Iraq, consented to support the oil market. OPEC+, whose de facto leader is Saudi Arabia, has highlighted the significance of compliance with...

Iraq is devoted to voluntary oil production cuts concurred by the Organization of the Petroleum Exporting Countries (OPEC) and is keen to work together with member nations on efforts to accomplish more stability in worldwide oil markets, Iraq's oil minister told the state news agency on Sunday. The minister's remarks followed his tip on Saturday that Iraq had made enough voluntary decreases and would not consent to any additional cuts proposed by the broader OPEC+. manufacturer group at its conference in early June. The oil ministry is keen on the cooperation of member. states and working to accomplish more stability...

Chinese companies won 4 quotes to check out Iraqi oil and gas fields, Iraq's oil minister said on Sunday as the Middle Eastern nation's hydrocarbon expedition licensing round continued into its 2nd day. The oil and gas licences for 29 projects are generally targeted at increase output for domestic usage, with more than 20 companies pre-qualifying, consisting of European, Chinese, Arab and Iraqi groups. Chinese business have been the only foreign players to win quotes, taking 9 oil and gas fields because Saturday, while Iraqi Kurdish business KAR Group took 2. There were notably no U.S. oil majors involved, even...

Iraq on Friday resumed its North Refinery in Baiji that was shut for a years throughout the violence and mayhem that followed the U.S.led invasion in 2003 which made it almost difficult to run among the country's most vital energy complexes. The fall of Saddam Hussein was implied to bring stability and success to significant OPEC oil manufacturer Iraq after years of financial mismanagement and military misadventures brought the nation to its knees. Rather Iraqis struggled with an insurgency, a sectarian civil war and then the arrival of Al Qaeda and later on Islamic state which eliminated tens of countless...

Hong Kongbased shipping business Wah Kwong is finalising an offer later this month to double the number of liquefied natural gas (LNG) providers that it has actually bought to four, as it eyes growing global trade in the superchilled fuel, its chairman stated. The ships would be provided from 2027 onwards, Wah Kwong's. Executive Chairman Hing Chao told on the sidelines of. the Singapore Maritime Week ShipZERO28 event late recently. We have constantly been extremely optimistic about the outlook of. LNG as a worldwide energy, said Chao, including that a great deal of supply. will have to originate from the...

OPEC will stop publishing a. calculation of the world's demand for its own crude in its. month-to-month oil report, 2 sources near the matter said,. focusing rather on forecasts for demand for oil from the wider. OPEC+ group. The modification shows what has ended up being enduring. cooperation between the members of the Organization of the. Petroleum Exporting Countries and the larger grouping on taking. cumulative oil supply decisions. OPEC's Vienna secretariat has in its month-to-month reports. released a quote of the demand for OPEC crude, in some cases. known as the 'contact OPEC'. The number is seen by experts....