Deputy Chairman of the parliamentary Commission on oil and energy, Ali al-Fayyad said that "Iraq is going on to develop its oil industry despite external attempts trying to dissuade it to go in this direction."

He told / NINA /: "The government's plan to develop the oil industry and increase the production of crude oil and gas began through the licensing rounds and it will continue for other rounds in order to increase the oil production and export to high levels."

Fayyad added: "there have been attempts by some producing oil regional countries to discourage international companies...

Member of OPEC – Iraq is in need for new oil pipelines for exporting crude oil from the country to the doors of world market. Iraq has prepared for raising its production level and at the same time, being neighbor to Iraq, Turkey has become one of keen members to help out Iraq in this regard. It will mutually profit both the nations, as hoped by the Energy Minister on this Friday.

Presently, Iraq is world’s fastest growing oil exporter, aiming to boost its growth by 2.4 million barrels per day oil that it ships to different parts of the world. However, due to the dispute with...

Mainland infrastructure firms are well positioned to bid for the construction of natural gas-fired power plants in Iraq, but they need to work harder to catch up with Western rivals that have had a head start, according to an infrastructure lawyer.

Daniel Tain, an Abu Dhabi-based partner and specialist construction and engineering lawyer at the London law firm Pinsent Masons,"...

Iraqi Kurdistan’s intellectuals, journalists and academics launched on Thursday May 2, a campaign to improve quality and reduce gas prices; threatening to expand their campaign and continue their pressure until the Minister of Natural Resources is dismissed in case their demands haven’t been met in 2 weeks.

“Today, in Arbil, we have launched a lobbying campaign against the Ministry of Natural Resources with the contribution of intellectuals, journalists and academics”, said the campaign organizer, Alan Al Saheb Qiran, in a statement to Alsumaria. He revealed that...

Iraq has inaugurated a $17 billion natural gas project run by Royal Dutch Shell that the Financial Times hails as a "milestone" in the country's postwar recovery, even as the Oil Ministry is scaling back ambitious oil production targets.

At the same time, there's been a marked downturn in interest in Iraq by major international oil companies as the coalition government of Prime Minister Nouri al-Maliki founders amid never-ending political crises, worsening sectarian bloodshed, spillover from the civil war in neighboring Syria and defiance by independence-minded Kurds who have set up their...

Gulf Keystone has provided an update on its four blocks in the Kurdistan Region of Iraq, including the world class discoveries at Shaikan and Sheikh Adi, as well as Akri-Bijeel and Ber Bahr:

Background

With the Shaikan commercial discovery alone, Gulf Keystone has one of the world’s largest onshore conventional oil & gas developments with a Pmean 13.7 billion barrels of gross oil-in-place as set out by Dynamic Global Advisors, independent Houston-based exploration consultants. A recent report by Goldman Sachs highlights the scale of the Shaikan development and the fact that in 2015"......

Iraqi ministry of oil announced here today that last March oil exports and revenues were increased, in comparison to the previous month.

Spokesman Asim Jihad announced that the exported quantities in March 2013 reached to 74.9 million barrels and the revenues achieved the figure of $ 7.772 billion.

He elaborated that Basra exports reached to 65.1 million barrels,"...

The Anglo-Turkish oil and gas independent, Genel Energy, has announced that a second drill-stem test carried out on the Chia Surkh 10 well has confirmed the existence of an additional oil bearing section.

The test was carried out over a 12 metre zone in a younger Miocene section than the the first drill-stem test, and flowed at sustained rates of 3,200 barrels of oil a"...