BEIJING/DUBAI (Reuters) - China’s state-run Zhenhua Oil is set to sign a head of agreement that includes a proposed joint-venture with Iraq’s state oil marketer SOMO and for 2019 annual crude oil supply in Shanghai next week, two industry officials with direct knowledge of the matter told Reuters.
BAGHDAD (REUTERS) - THE United States has told Iraq that it will be allowed to keep importing crucial gas, energy supplies and food items from Iran after Washington reimposes sanctions on Tehran's oil sector, three Iraqi officials said on Friday.
Iraq’s semi-autonomous Kurds upgraded their oil export pipeline to accommodate future production growth from their region as well as from the contested Kirkuk area controlled by the central government in Baghdad.
DUBAI: Iraq will proceed with plans to increase oil and gas production capacity, Oil Minister Thamer Ghadhban said, according to an emailed statement from his ministry on Friday. Ghadhban is among the ministers sworn in this week as part of the new Prime Minister Adel Abdul Mahdi’s cabinet.