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Iraq

Monday, April 13, 2015

Iraq Oil & Gas News

Iraq pushes back new Basra Heavy crude launch - sources
SINGAPORE, April 13 (Reuters) - Iraq's State Oil Marketing Organisation (SOMO) did not allocate any supply of Basra Heavy crude in May, industry sources familiar with the matter said on Monday, indicating the launch of the new grade has been pushed back by a month. The No.2 OPEC producer has previously said it planned to split its southern oil production into two streams from May to resolve ...

Iraq's premier says more support needed to 'finish' IS
BAGHDAD (AP) — Iraq's prime minister said Monday his country needs greater support from the international coalition so it can "finish" the Islamic State group.

Iraq PM says will ask US for more arms, strikes
Iraqi Prime Minister Haider al-Abadi said Monday he will use a visit to the United States to seek increased air support and arms deliveries to aid Baghdad's battle against jihadists. "Number one is a marked increase in the air campaign and the delivery of arms," Abadi told journalists when asked what he wants during a visit to Washington, where he is to meet President Barack Obama on Tuesday ...

ISIS targets Iraq's largest oil refinery
Yazidis embrace after being released by ISIS south of Kirkuk, Iraq, on Wednesday, April 8. ISIS released more than 200 Yazidis , a minority group whose members were killed, captured and displaced when the Islamist terror organization overtook their towns in northern Iraq last summer, officials said.



Sunday, April 12, 2015

Iraq Oil & Gas News

Islamic State group attacks Iraq’s largest oil refinery
The Islamic State group launched a series of suicide attacks on Iraq’s largest oil refinery on Saturday, a senior army officer said. The jihadist group claimed it broke in to the Baiji oil refinery but the Iraqi army said the site, which has been the scene of fierce battles since the IS group swept across...  [Read More...]

Crude prices may hit $70 by end of year
Iraq exports 2.9 million barrels per day of oil. BAGHDAD: Iraq's Oil Minister Adel Abdel Mehdi predicted world oil prices could reach $70 a barrel by the end of 2015 and played down the impact of the emerging conflict in Yemen on prices.

Exclusive: Iraq's leader to seek arms with deferred payment on U.S. visit
By Arshad Mohammed and Phil Stewart WASHINGTON (Reuters) - Iraq's prime minister will seek President Barack Obama's help to acquire billions of dollars in drones and other U.S. arms to fight Islamic State during a U.S. visit next week, a senior Iraqi official said. Facing a cash crunch due to a plunge in oil prices and a budget deficit of roughly $21 billion this year, Prime Minister Haidar al ...



Saturday, April 11, 2015

Iraq Oil & Gas News

Iraq plans to split Basra crude oil to drive exports
(MENAFN - Arab Times) SINGAPORE/BAGHDAD April 10 (RTRS): Iraq's plan to split a heavier crude being produced in its southern oilfields from its flagship grade should reduce quality...

Jihadists attack Iraq's largest oil refinery
Islamic State militants on Saturday launched suicide attacks against the Baiji oil refinery, Iraq's largest, a senior army officer said. "Today Daesh (an Arab acronym for IS) launched an attack against the Baiji oil refinery," said a major general from Salaheddin province, in which Baiji is located. Two were killed but one managed to blow himself up," the army officer said. The army officer said ...



Wednesday, March 25, 2015

Iraq Oil & Gas News

Iraq's February oil exports below planned level for IS fight
BAGHDAD (AP) — Iraq's oil exports for last month were below planned levels, the country's Oil Ministry said Wednesday, depriving the nation of badly needed funds for its battle against the Islamic state group.






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