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Read MoreRevenue through oil export in Iraq is likely to increase for the month of April as Basrah Light crude to Asia sells at the highest rate in more than a year against Saudi prices and shipments expand. Iraq is set to export the most Basrah Light in at least two years next month, at the same time as the grade’s discount to Saudi crude is the narrowest in 17 months. Alexander Poegl,
Read MoreIn the second half of February 2014, Iraq’s government approved the award of two licences for private investment in two combined cycle electricity generation plants totalling 4,500 MW in capacity. More information on the particulars of these deals was revealed by senior members of the government at a conference in Dubai that same month reported in the specialist media. The bas
Read MoreAn oil refinery construction agreement between Iraq's Mosul province and the Kurdish Regional Administration was signed on Monday, says Mosul governor.The agreement includes the sharing of oil extracted from the disputed areas between Mosul and the Kurdish Regional Administrationm (KRG) in support of the Mosul province, said Nujaifi and added, "This agreement will change Iraq'
Read MoreIraq has approved major contract items for Eni's giant oilfield project in its south, just hours after the Italian company threatened to pull out if red tape was not cut and Angola's Sonangol quit projects in the north due to security concerns. Rising violence has not hit operations at the southern fields driving Iraq's oil expansion, but Western companies at work there say det
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