Iraq's oil exports reached their highest level in decades in December, the oil ministry's spokesman said yesterday (January 3), but vital revenues were being hit by the plummeting prices of crude.
Iraq exported 91.141 mill
Iraq's oil exports fell to 2.403 million barrels per day (bpd) on average in June compared with 2.452 million bpd in May, the oil ministry said.
Exports from southern Basra were 2.085 million bpd in June while shipments from northern Kirku
US energy giant Exxon Mobil Corp is not on the finalised list of 47 pre-qualified bidders for the next round of Iraq energy exploration rights, a statement posted on the oil ministry website showed on Thursday.
The world's largest publ
Iran's parliament said on Wednesday President Mahmoud Ahmadinejad acted illegally by declaring himself caretaker oil minister and referred the case to the judiciary, increasing pressure on him to quit the post.
The legislature, which has r
Iraq's oil ministry postponed the signing on Thursday of an initial deal with South Korea's Kogas and Kazakhstan's KazMunaiGas to develop the Akkas gas field in western Anbar province.
Oil Minister Abdul Kareem Luaibi said the
Political opposition to a gas venture between the Iraqi government, Royal Dutch Shell and Mitsubishi may delay its finalisation until after national elections in January, a senior oil official said on Saturday.
Deputy Oil Minister Ahmed al