Iraq plans to raise its oil production

Iraq has Massive Oil & Gas Reserves in the Country: Oil Ministry

The Iraqi Oil Minister Jabbar Al-Allaibi issued a press statement about the plan of oil ministry to increase oil production in Iraq during the next 5-years. He said in his press statement ...
Kuwait send Oil for Iraqi people

Kuwaiti Fuel arrived to support Iraqi Brothers: Al-Sabah

The government of Kuwait has delivered a significant amount of fuel in order to support the Iraqi brothers. Yousef Al-Sabah (Kuwait’s consul general in the city of Basra) issued a ...
Continuous Rise in the Oil Prices

Financial situation in Iraq is much better due to Oil Prices: Saleh

One of a senior government adviser to the Iraqi Prime Minister Haider Al-Abadi issued a statement about the Iraqi financial situation and foreign loans & debt. The economic adviser ...
Iraqi Oil Ministry

Floating Oil Island will increase Iraqi Oil Exports: Oil Ministry

The SOC (Basra based South Oil Co.) will build a floating oil island off the coast of Al-Faw Peninsula to enhance its capacity of export by more than 2 million barrels per day. The ...
Oil Shipment after 27 years

Iraq started Oil Shipment operation by Sea after 27 Years

The Iraqi Ministry of Oil has announced the beginning of loading an oil shipment. It will be exported for the first time after 27 years using its marine carriers. The general manager ...
The Iraqi Oil Minister Jabbar Ali Al-Allaibi has announced that Iraqi oil ministry has succeeded in increasing the financial revenues of Iraqi federal treasury and it is amounted at more than 47 billion 880 million U.S dollars on the crude oil export to global oil markets during the last 10 months. He added that the oil ministry has achieved its commitments to the Iraqi federal treasury for the year 2017. The ministry was able to collect 48,880 U.S dollars financial revenues during the mentioned time period and before the end of the months 2017. He said, it is expected that we will be able to add at least 10 billion U.S dollars for the months of November and December 2017. It would enhance the total expected revenue projected for the current year about 57 billion U.S dollars. The oil ministry also announced that ministry has collected more than 7 billion U.S dollars financial revenues during the past 10 months, despite most challenging economic and financial situation in the country. The oil ministry of Iraq also said that Iraq has been experiencing most critical crisis and economic & security challenges. But, the Iraqi oil ministry has shown its commitment in reducing the production of Iraqi crude oil according to the decisions of the OPEC (Organization of Petroleum Exporting Countries). It has been considered a great achievement earned by the Iraqi government and Iraqi oil ministry, and also for the workers in the oil sector. The spokesman for the oil ministry Assem Jihad said that the average selling price of Iraqi crude oil for the last 10 months was amounted at more than 47 U.S dollars per barrel. Now, it has been added with an increase of 5 U.S dollars in the price dedicated for the Iraqi federal budget 2017. The spokesman of the ministry stressed that this increase in the financial revenues of the state would significantly decrease the part of deficit in the Iraqi budget 2017. Iraqi Oil Ministry Achieved Target Efficiently During the Past 10 Months

Iraqi Oil Ministry Achieved Target Efficiently During the Past 10 Months

The Iraqi Oil Minister Jabbar Ali Al-Allaibi has announced that Iraqi oil ministry has succeeded in increasing the financial revenues of Iraqi federal treasury and it is amounted at ...
New Oil Discovery in Iraq and Oil Export to Egypt

New Oil Discovery in Iraq and Oil Export to Egypt

The Russian company “Lukoil” issued a statement on 22nd February 2017 that the company has successfully completed the first extraction process of crude oil and low-sulfur in cooperation ...

International Global Company offered services in finding Corruption & Fraud

A global company “Ernstr Young” has showed eagerness in providing their services regarding the investigation in the field of fraud and in the field anti-corruption including investigation ...
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