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A service for energy industry professionals · Saturday, May 31, 2025 · 817,860,952 Articles · 3+ Million Readers
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Iraq Oil & Gas News Monitoring

  • Published on May 29, 2025

    OPEC+ Maintains Output Targets Amid Market Uncertainty

    (MENAFN- The Arabian Post) Arabian Post Staff -Dubai OPEC and its allies, collectively known as OPEC+, have reaffirmed their existing oil production targets through 2026, opting to maintain current supply restraints despite ongoing market volatility and …

    Source: MENAFN - Indeterminate
  • Published on May 29, 2025

    Wood secures contract to reduce gas flaring in Iraq

    Wood has been awarded a series of decarbonisation contracts, worth circa $100m, for flare gas reduction and carbon efficiency projects across the largest oil fields in Iraq. Wood will deliver brownfield engineering, procurement and construction, as well as …

    Source: Insider.co.uk - Pending
  • Published on May 29, 2025

    Opec plus adopts plan for 2027 baselines

    OPEC+ agreed yesterday to establish a mechanism for setting baselines for its 2027 oil production, while Opec+ sources said that separate talks on Saturday could agree a further accelerated oil output hike for July. The group, which includes the …

    Source: Gulf Daily News Online - Pro-Government
  • Published on May 28, 2025

    Iraq’s exports $2.7B in oil to Italy in 2024

    2025-05-28T18:52:07+00:00 font Enable Reading Mode A- A A+ Shafaq News/ Iraq delivered $2.68B in oil shipments to Italy in 2024, maintaining its role as a key energy supplier to the European market, official trade data showed. The exports included 4.32 …

    Source: Shafaq News - Indeterminate
  • Published on May 28, 2025

    China Tightens Grip on Iraq’s Energy Future with Massive Basra Megaproject

    China’s Geo-Jade Petroleum has signed a swathe of major contracts that give Beijing control over Iraq’s first fully integrated energy project. This comprises a development project to increase production at the Tuba oil field from 20,000 barrels per day ( …

    Source: Oil Price - Neutral
  • Published on May 28, 2025

    Iraq’s top advisor to speculators: We’re not in financial trouble

    2025-05-28T18:36:18+00:00 font Enable Reading Mode A- A A+ Shafaq News/ On Wednesday, Iraqi Prime Minister Mohammed Shia Al-Sudani’s Financial Advisor, Mudher Muhammad Saleh, dismissed speculation of a looming financial crisis in Iraq, crediting the …

    Source: Shafaq News - Indeterminate
  • Published on May 28, 2025

    President Aoun to revive Lebanon-Iraq relations: Focus on energy, debt and trade

    2025-05-28T20:35:11+00:00 font Enable Reading Mode A- A A+ Shafaq News/ Lebanese President Joseph Aoun’s upcoming visit to Baghdad aims to revive ties with Iraq, focusing on energy cooperation, debt resolution, and economic partnership, according to …

    Source: Shafaq News - Indeterminate
  • Published on May 26, 2025

    Iraqi Oil Ministry Sues Kurdish Region's Govt. over US Contracts

    The Iraqi federal government's oil ministry has sued the government of the semi-autonomous Kurdistan Region of Iraq over oil and gas contracts it signed with US firms, three sources with direct knowledge of the matter said and a document showed. The …

    Source: Asharq Al-Awsat - Pro-Government
  • Published on May 28, 2025

    OPEC+ to Begin Discussing 2027 Production Baselines This Week

    The OPEC+ group could start talks about establishing the baselines for individual members’ production quotas for 2027 as early as today, delegates from the alliance told Reuters on Wednesday. Some big OPEC producers, such as Iraq, the United Arab Emirates …

    Source: Oil Price - Neutral
  • Published on May 28, 2025

    New obstacle to the restart of the Iraq-Türkiye Pipeline

    The Iraqi federal government’s oil ministry has sued the government of the semi-autonomous Kurdistan Region of Iraq over oil and gas contracts it signed with US firms, Reuters reported. The legal challenge is the latest obstacle to the resumption of flows …

    Source: CEENERGYNEWS - Pending
  • Published on May 28, 2025

    Iraqi President reaffirms support for stronger ties with Syria

    2025-05-28T11:02:32+00:00 font Enable Reading Mode A- A A+ Shafaq News/ Iraqi President Abdul Latif Jamal Rashid reaffirmed on Wednesday his country’s support for improving relations with Syria following the fall of the former regime. In an interview …

    Source: Shafaq News - Indeterminate
  • Published on May 28, 2025

    OPEC+ Adopts Plan for 2027 Baselines Ahead of July Output Hike Talks

    LONDON/MOSCOW, May 28 (Reuters) – OPEC+ agreed on Wednesday to establish a mechanism for setting baselines for its 2027 oil production, while OPEC+ sources said that separate talks on Saturday could agree a further accelerated oil output hike for July. …

    Source: gCaptain - Neutral
  • Published on May 29, 2025

    Wood Secures C.$100M Of Awards To Reduce Gas Flaring In Iraq

    (MENAFN- Iraq Business News) (MENAFN- Iraq Business News) Wood secures c.$100 million of awards to reduce gas flaring in Iraq Wood , a global leader in consulting and engineering, has been awarded a series of decarbonisation contracts with a value of c.$ …

    Source: MENAFN - Indeterminate
  • Published on May 28, 2025

    Saudi Arabia set to lower July oil prices for Asia

    Saudi Arabia is set to reduce its July crude oil prices for Asia to a six-month low, mirroring declines in benchmark prices due to an uptick in supply from OPEC+. The anticipated drop for Arab Light crude could range from $0.40–0.50, setting the price at $ …

    Source: Offshore Technology - Neutral
  • Published on May 28, 2025

    OPEC+ Production Baseline Talks Signal Shifting Power Dynamics in Global Oil

    OPEC+ is initiating discussions on recalculating the baseline output levels for individual members, a key factor in determining future quotas. The group is expected to approve a 411,000 bpd production hike for July, marking the third consecutive monthly …

    Source: Investing - Neutral
  • Published on May 28, 2025

    OPEC+ may discuss 2027 baselines and agree July hike this week, sources say

    By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler LONDON/MOSCOW (Reuters) -OPEC+ may discuss issues around its baselines for 2027 production at its meeting on Wednesday, two delegates from the group said, while separate talks due on Saturday could …

    Source: Yahoo Finance - Center-left
  • Published on May 28, 2025

    What OPEC+ oil output cuts are in place?

    OPEC+ oil producers have three layers of output cuts in place after agreeing the first cutback in 2022. This year, eight OPEC+ members have started to raise production and unwind the third and most recent tranche of cuts. The 22-member OPEC+ will hold an …

    Source: Hellenic Shipping News - Neutral
  • Published on May 28, 2025

    Iraq targets 12 GW renewable power in 2030

    Iraq is ramping up solar projects to produce 12 gigawatts (GW) of power in 2030 to tackle a widening post-conflict electricity shortage, Iraq’s Oil Minister said on Monday. To shun an expansion in the budget deficit, OPEC’s second largest oil producer is …

    Source: Zawya - Indeterminate
  • Published on May 28, 2025

    Saudi Arabia may drop July oil prices to Asia to 6-month lows after OPEC+ boosts supply

    SINGAPORE: The world’s biggest oil exporter Saudi Arabia may cut its crude prices for Asian buyers in July to the lowest in six months, refiners said, tracking losses in benchmark prices driven by rising supply from OPEC+. The July official selling price ( …

    Source: Business Recorder - Neutral

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  • Published on May 31, 2025 - 15:00 GMT

    Direct Energy Regulated Services Announces Natural Gas Rates for June 2025

    CALGARY, Alberta, May 31, 2025 (GLOBE NEWSWIRE) -- Direct Energy Regulated Services has announced default natural gas rates for June 2025. These rates will apply to customers who do not currently have a competitive supplier within the ATCO Gas North and …

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  • Published on May 31, 2025 - 09:26 GMT

    Energy Deal Aims to Revitalize Syria’s Power Supply

    (MENAFN) A consortium of Turkish, Qatari, and American firms has finalized a USD7 billion energy partnership expected to greatly enhance Syria’s power generation and elevate the quality of life for millions, according to Syrian Energy Minister Mohammed al- …

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  • Published on May 31, 2025 - 08:23 GMT

    Groundbreaking Energy Deal Sparks Power Boost for Syria

    (MENAFN) A groundbreaking $7 billion energy partnership involving Turkish, Qatari, and American firms is set to dramatically enhance Syria’s electricity output and elevate living standards for millions, Syrian Energy Minister Mohammed al-Bashir revealed to …

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  • Published on May 31, 2025 - 09:26 GMT

    Russian Energy Firm Reports Modest Profit Growth

    (MENAFN) Russian energy firm Gazprom observed a modest increase of 1 percent in quarterly earnings during the initial months of the year, totaling 660.4 billion rubles (approximately USD8.4 billion), compared to the same timeframe the previous year. …

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