Iraq has asked the Kurdistan Regional Government (KRG) if it would pump at least 100,000 barrels of crude per day from its state-managed Kirkuk oilfields to Turkey's Ceyhan port, two oil officials familiar with the matter told Reuters.
Saudi Arabia has curtailed its crude oil production by an estimated 2 million to 2.5 million barrels per day, while the UAE has reduced output by approximately 500,000 to 800,000 barrels daily, Bloomberg reported.
Three Gulf states — Bahrain, Qatar and the United Arab Emirates — have reaffirmed their solidarity with Kuwait following Iraq’s submission of maritime coordinates and maps to the United Nations, which they say infringe on Kuwait’s sovereign rights.
KBR has won a major contract by Basra Oil Company (BOC) to provide Integrated Field Management Services (IFMS) for the gigantic Majnoon Oil Field, the company has announced.
The Arab Energy Fund, a multilateral impact financial institution, has led and closed a $346 million Reserve-Based Financing (RBL) Facility for Kuwait Energy Basra Limited (KEBL), operator of Block 9 (Faihaa Field) in southern Iraq and a wholly owned subsidiary of United Energy Group Limited (UEG).
Oman Air, the national carrier of Oman, has launched its inaugural flight to the Danish capital, Copenhagen, via the Iraqi capital, Baghdad, as part of its plan to expand its international network.
The Gulf Cooperation Council Interconnection Authority (GCCIA) and the Ministry of Electricity of the Republic of Iraq have discussed the final preparations for launching the electricity interconnection project between the two entities.
DP World has announced the launch of a new 36-hour maritime service between Dubai’s Mina Rashid and Iraq’s Umm Qasr Port, providing a faster alternative to overland trucking and accommodating up to 145 accompanied trailers per sailing.
Wood, a leader in consulting and engineering, has secured a new contract to deliver project management and engineering services for PetroChina at the West Qurna 1 oilfield in southern Iraq. Under the contract, Wood will manage engineering, procurement and construction projects.
The Iraqi Ministry of Electricity (MoE) and GE Vernova convened a workshop titled "Pathways to Meeting Iraq’s Energy Demand" in Baghdad to discuss initiatives for expanding the country's electricity supply.
