Thursday 18 December 2014
 
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Iraq

Oil exports from northern Iraq seen at 300,000-400,000 bpd in 2015

Oil exports from northern Iraq are expected to be between 300,000 and 400,000 barrels per day (bpd) in 2015, the International Energy Agency said, including crude produced in the semi-autonomous Kurdistan region.

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IS storms town in Iraq, 19 policemen killed

Islamic State fighters stormed a town in Iraq's western Anbar province on Saturday, killing at least 19 policemen and trapping others inside their headquarters, in the latest attack in the desert region where it controls large amounts of ter

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Iraqi state oil marketer says no ‘price war’ in Opec

Iraqi state oil marketer Somo issued a rare statement denying there is a price war within the Opec exporter group, saying recent reductions to its official selling prices (OSPs) were influenced only by the market. The statement, w

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Iraq sets bigger discount for heavy Basra crude exports

Iraq will give a bigger discount for heavy crude that it exports from its southern ports in Basra next year, three sources with knowledge of the matter said.   The move is ai

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Iraq cuts official crude oil selling price to Asia, US

Iraq has cut the official selling price (OSP) to Asia and the US in January for its main crude oil export grade, Basrah light, but raised the OSP slightly to Europe, the state oil marketing company said.   The mo

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Turkey's Enka to set up 3,000MW power plant in Iraq

Turkish construction firm Enka Insaat said that it would sign a deal with private firm Mass Global to build a 3,000 megawatt (MW) gas-fired power plant in Iraq.   The signing ceremony will be held soon, Enka said

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Turkey's Enka to set up 3,000MW power plant in Iraq

Turkish construction firm Enka Insaat said that it would sign a deal with private firm Mass Global to build a 3,000 megawatt (MW) gas-fired power plant in Iraq.   The signing ceremony will be held soon, Enka said

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IS battle a 'Third World War’: Iraqi diplomat

Iraq’s top diplomat has described the global fight against the Islamic State as a 'Third World War'. Iraqi Foreign Minister Dr Ibrahim Al Jaafari said efforts to eradicate the extremist movement, which has taken ove

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Trafigura helped Iraqi Kurds defy Baghdad to sell oil

Trafigura, one of the world's biggest commodities trading firms, played a pivotal role in helping Iraq's semi-autonomous Kurdish region export oil, which the Iraqi government considered illegal, three sou

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Iraq exports boost to add pressure on 2015 oil market

Iraq's plan for higher oil exports in 2015, emerging in detail just days after the Organization of the Petroleum Exporting Countries (Opec) shunned any output cut, will add to global over supply and is likely

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