Iraq was the second largest contributor to the growth in global oil supply in 2015, behind only the USA, according to the U.S. Energy Information Administration (EIA)
Exploration & Production
‘Iran needs US$200bn in oil investments’
Iran needs US$200bn investment to develop its oil industry by 2020, said oil minister Bijan Namdar Zanganeh, adding that the country must attract foreign investors
BP predicts Middle East to maintain top ranking in oil exports
BP is predicting the Middle East will maintain its role as the world’s top oil exporter in 2035 as part of its Energy Outlook for 2016
“Be excellent in what you can control,” oil industry advised
Total is finding ways of being resilient in the current turmoil, its CEO Patrick Pouyanné told delegates at the IP Week conference held In London on 11 February, aptly themed ‘Navigating through uncertainty’
Genel Energy to restart drilling onshore KRI oilfield
Genel Energy will resume drilling work at the Taq Taq oilfield in Kurdistan Region of Iraq (KRI) in coming weeks to ramp up production, according to the company