OPEC Archives - Panorama Insurance Brokers

Iraq: A Ticking Time Bomb For Oil Markets

Iraq’s ministry of oil has published a very optimistic report on the country’s capability to ramp up production, but internal political issues could lead to a new crisis after this weekend. At the same time that a new Iraqi government is forming, a government that is increasing Iranian influence within Iraq, another election is threatening… Read More

Petrel Resources “Re-Establishing its Baghdad Operations”

Irish-based Petrel Resources has said it is “re-establishing its Baghdad operations”. In its interim statement for the six months ended 30 June 2018, the company said: “As we approach the end of 2018, Iraq is fitfully emerging from conflict, and again open for responsible business. Baghdad has re-established its authority, by defeating Da’ech insurgents and… Read More

Floating Oil Island for Iraq’s Expected Spurt in Exports

The South Oil Co. (SOC) [possibly should be Basrah Oil Company (BOC), as per comment below, – Editor] based in Basra, Iraq, will establish a floating oil island off the coast of al-Faw Peninsula to increase its export capacity by as many as 2 million barrels a day. The company announced the project June 14 in anticipation of a surge in… Read More

Iraqi oil minister says talks continue with Kurds on oil exports

Baghdad (IraqiNews.com) Iraq’s oil minister has said his government maintains talks with Kurdistan Region over resuming oil exports from Kirkuk fields through Turkish Cyhan port. Minister Jabbar al-Luaibi told semi-official al-Sabaah newspaper that “talks between the federal government, Kurdistan region and the Turkish side continue for resuming exports of Kirkuk’s oil through Ceyhan”. He noted… Read More