Saturday 18 April 2015
 
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Iraq

Opec oil output surges on Saudi, Iraq boost

Opec's oil output has surged in March, the producer group said in a report, adding to excess supply in the market despite more evidence that its strategy of letting prices fall to hurt other producers is taking effect. In a mo

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Iraq oil minister says crude exports to hit record in April

Iraq's oil minister said his country's oil exports should hit a record of about 3.1 million barrels per day in April as output from the country's southern fields stays strong and weather conditions improve.  

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Iraq set for record crude exports in April

Iraq's oil minister said his country's oil exports should hit a record of about 3.1 million barrels per day in April as output from the country's southern fields stays strong and weather conditions improve. "In Ap

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Iraq plans to set up several renewable energy plants

Iraq’s Ministry of Electricity along with the National Investment Commission (NIC), have announced an investment opportunity to construct three solar power stations and one wind power station. The renewable energy plants wil

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Iraq expects US F-16s delivery in summer

After delays caused by the war with Islamic State, Iraq hopes to take first deliveries of its F-16 fighter jets from the United States this summer, a senior Iraqi official said. The disclosure came ahead of a visit by Iraq's P

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Iraq sets Basra Heavy crude price, but pushes back launch

Iraq has set the first monthly price for its new Basra Heavy crude for May, but has likely delayed the launch of the grade until the following month, according to industry sources.   The country's State Oil M

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Hampered by quality issues, Iraq backs crude split to drive exports

Iraq's plan to split a heavier crude being produced in its southern oilfields from its flagship grade should reduce quality issues dogging its exports, though there will be challenges getting the price it wants and setting up infrastructur

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Iraq PM to seek billions of dollars of arms on US visit

Iraq's prime minister will seek President Barack Obama's help to acquire billions of dollars in drones and other US arms to fight Islamic State during a US visit next week but wants to defer payment for the purchases, a top official said

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Korea's Hanwha wins $2bn Iraq construction contract

South Korea's Hanwha Group has won an order worth around $2 billion to build additional infrastructure in Bismayah region of Iraq, said a company spokesman on Monday. The construction will be carried out by Hanwha Engineering

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Baghdad makes $455m budget payment to Kurds

Iraq's Kurdistan region received a $455 million budget payment from Baghdad for March, proof the national government honours a deal over the Kurds' oil policies, the country's finance minister said on Thursday.

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