Global oil markets remain volatile ahead of OPEC’s May 25 ministerial meeting on expectations that the producer group and its non-OPEC partners will extend production cuts until the end of 2017. The alliance agreed to reduce production by a collective 1.8 million barrels per day (mb/d) from January to June in a bid to rebalance oversupplied oil markets. Mounting concern
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A view of Baghdad International Airport, Iraq, uploaded Dec. 26, 2013. (photo by Baghdad International Airport/Facebook) BAGHDAD, Iraq — Even if it were true that Sumerians built the first airport at Nasiriyah in 5000 BC, as Iraqi Transport Minister Kazem Finjan claimed in October, they would be shocked at the state of Iraqi aviation today. While Kazem said Iraq's early set
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Type of Projects Oil and Gas projects as part of the energy projects in Iraq fall within the three standard categories generally known in the international oil industry as upstream, midstream and downstream type of projects. These include but are not limited to: · Drilling oil and gas wells · Laying flow lines trunk lines and distribution lines; · Buil
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On Feb. 20, the Iraqi Oil Ministry signed a memorandum of understanding with the Iranian Oil Ministry to settle disputes over the joint oil fields and examine the possibility of building a pipeline to export crude oil from the Kirkuk fields, in the north of Iraq, through Iran. The ministry also wants to study moving Iraqi crude oil to the Iranian Abadan refinery. According t
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Tillerson firm spending billions to drill for oil DUBAI (CNNMoney) - ExxonMobil may have a problem in Iraq. The country is one of seven covered by President Trump's travel ban. And the company is the only American firm still operating under an oil license granted by the Iraqi government. ExxonMobil's presence in Iraq is the work of former CEO Rex Tillerson, now Trump's pic
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