Dana has said its gas fields in Kurdistan “could be the biggest gas fields in the whole of Iraq”.
Cash flow from operations reached $9.3bn in the quarter, and $27.4bn for the first nine months of the year.
Members of the producer group would not be in a position to produce oil for export until it is clear how they will be paid, it said.
The ZMI CEO said the company was ready to "expand our operations across Asia and explore new markets”.
APIKUR reported that its members had cut spending by around $400mn in 2023, with plans for 2024 in doubt.
Gulf Keystone had previously trucked Shaikan crude to the Turkish border, for onward transport via pipeline to Ceyhan in 2015. It ended trucking in 2019.
Greenpeace has raised concerns about a Shell joint venture in Iraq, which could provide benefits to a company linked to the Iranian regime.
Plans took a long time to progress because of a difference of opinions over terms and shareholding. Iraq had pushed for a higher stake in the project. Initially, its interest was to be held by the Iraq National Oil Co. (INOC), this was abolished in September 2022.
Iraq’s Ministry of Oil has said it would discuss how to export “Iraqi oil through the Turkish port of Ceyhan” with the authorities in Kurdistan and Turkey.
A Scottish man who was reportedly held in an Iraqi prison over a bank debt has been released, according to the human rights organisation which has been campaigning for his release.
A recent investigation linked gas flaring to cancer cases in Iraq, so where does this leave people living around Mossmorran in Fife?
OPEC has taken the decision to cut production by 2 million barrels per day from its August target, amid growing concerns over weak pricing.
Genel Energy has confirmed interim CEO Paul Weir to take over the role for good, with immediate effect.
TotalEnergies has completed the sale of an 18% stake in the Sarsang field to ShaMaran, completing its exit from the Iraqi region of Kurdistan.
OPEC+ has agreed to cut production by 100,000 barrels per day in October, returning the targeted output to the level of August.
Iraq’s SOMO has endorsed Saudi Arabia’s take on the oil market’s situation, expressing concerns around “false signals” for the market.
A retired British oil and gas geologist is to be released from an Iraqi prison after his conviction for attempted artefact smuggling was quashed, according to his family.
Watch out Iraq and Saudi Arabia, Russia is making huge inroads into the Indian oil market and has quite possibly become the largest supplier to the giant Asian buyer.
A British former oil and gas geologist has been sentenced by an Iraqi court to 15 years in prison after being convicted of attempting to smuggle artefacts out of the country.
An Aberdeen man found guilty of paying bribes to win oil contracts in war-torn Iraq has appealed against his conviction.
UK Prime Minister Boris Johnson has hosted Kurdistan Prime Minister Masrour Barzani in No. 10, with talks of energy security and supplies to Europe.
Iraq may reactivate a deal with Halliburton to drill wells in a western gas field in Akkas next month, Oil Minister Ihsan Abdul Jabbar told local media.
The Middle East and North Africa region is at “growing risk” of oil supply disruption, a new analysis from Verisk Maplecroft has reported.
The Court of Appeal has quashed another conviction related to alleged wrongdoing by Unaoil, setting Paul Bond free today in another rebuff to the Serious Fraud Office (SFO).
Iran’s Islamic Revolutionary Guards Corp (IRGC) fired missiles into a Kurdistan city, the autonomous region of Iraq, on March 12.