(Reuters) - Production from Saudi Arabia is rising, and demand has pushed it up to about 10 million barrels per day (bpd), according to energy consultancy PIRA. The estimate suggested the country is hewing tightly to the strategy of protecting market share rather than cutting production to try to inflate prices. Saudi production averaged about 9.7 million bpd since last June,
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Industry Minister Nasser al-Esawi said the Shell complex is expected to start up operations within five to six years and would make Iraq the largest petrochemical producer in the Middle East. Shell has signed a deal with Iraq worth $11 billion to build a petrochemicals complex in the southern oil hub of Basra, news agency Reuters reported on Wednesday. Industry Minister Nasse
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Iraq’s oil ministry can sue the Kurdistan regional government for possession of 1 million barrels of crude that have waited in a tanker circling off the Texas coast for more than five months, a U.S. judge said. U.S. District Judge Gray Miller in Houston rejected the Kurds’ claims of sovereign immunity and said the regional government’s plans to sell its crude in the U.S. gave
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Key Takeaway: The last three days have witnessed a prioritization of Anbari areas where the Iraqi Government has largely not committed resources since the fall of Mosul in June 2014. The district of Rutba fell to ISIS on June 25, 2014 and has been under uncontested control by the organization ever since. ISIS control of Rutba has allowed it to control major parts of the highw
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Dr. Jafar co-founded the Uruk Project Development Company in Dubai during 2003. He has extensive experience in the power generation field, having led Iraq’s electricity reconstruction efforts from 1991 to 1999 as well as serving as Chairman of the Iraqi National Committee for Technology Transfer from 1996 to 2003. Dr. Jafar is a staunch supporter of education and an accomplishe
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