The Iraqi Ministry of Oil has signed a five-year integrated management contract with the US energy services company Halliburton for the development of the Bin Umar and Sindbad oil fields in Basra governorate.
Iraq’s Council of Ministers has approved plans to expand oil exports through a proposed Mediterranean pipeline and advance exploration talks for the Akkas Field with ConocoPhillips, TI Capital and NovaTerr, supporting efforts to diversify routes and boost production.
Iraqi Oil Minister Bassem Mohammed Khudair said the value of the energy-sector contracts and agreements signed in Washington during during Prime Minister Ali Al-Zaidi's visit to the United States amounted to around $200 billion.
PepsiCo has signed agreements with partners Baghdad Soft Drinks and Green Iraq to expand manufacturing capacity, support farmers and create jobs in Iraq. This comes as part of its efforts to reinforce Iraq’s position as one of its top beverage manufacturing, bottling hubs in the Middle East.
bp and ConocoPhillips have agreed terms for ConocoPhillips to acquire a 42 per cent interest in BP Energy Company of Kirkuk Limited (BP ECKL), supporting the redevelopment of several large-scale oil fields in the Kirkuk area of northern Iraq.
Iraq has signed energy agreements with US firms including ExxonMobil, KBR and GE Vernova to advance oil and power projects, while progressing a Mediterranean Energy Corridor pipeline initiative with a planned capacity of two million barrels per day.
Iraq and Syria have signed an agreement to rehabilitate the crude oil pipeline linking Haditha in Iraq with Baniyas in the war-ravaged country, reported the Iraqi News Agency (INA). A vital project for the region, it is likely to be implemented by US energy company Chevron.
The United States and Iraq discussed expanding economic co-operation and increasing US investment in the Arab nation’s energy sector during high-level talks at the White House on Wednesday, as the two countries sought to deepen their strategic partnership.
Gulftainer (GT), a globally trusted leader in integrated maritime and logistics solutions, has launched its first dedicated feeder service linking the UAE and Umm Qasr, Iraq.
Iraq is preparing to expand crude oil and naphtha exports through Syrian ports as it moves to diversify trade routes after the Iran war disrupted its main Gulf shipping channels and effectively closed the Strait of Hormuz.
