Iraqs crude oil production rose to an average 2.65mn bpd in 2011, an increase of 12 per cent over 2010, while exports shot up by 14 per cent to 2.165mn bpd, according to Platts.
Exploration & Production
Iraq delays oil and gas auction again
Iraq has once again delayed an auction for a dozen oil and gas exploration blocks until the end of May, according to a top official.
Total to secure exploration rights in Iraqi Kurdistan
Total is weeks away from securing oil exploration licenses in the Kurdish region of Iraq, reported the Sunday Times.
Samsung wins US$998mn West Qurna contract
The Iraqi government approved a US$998mn oil field service deal awarded to South Koreas Samsung Group by Lukoil to develop the West Qurna Phase Two oil field, according to a government statement.
Kuwait Energy makes a new discovery in Egypt
Kuwait Energy announced a new oil discovery in Egypts Ahmad-1X well, located in the Gulf of Suezs Area A concession.
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