Iraq Business News: Oil & Gas

FEBRUARY 24, 2025

According to what the Ministry described as data issued by secondary sources approved by OPEC , Iraq's crude oil production in January 2025 stood at 3.999 million barrels per day (bpd), reflecting adherence to agreed production levels. Alexander Novak, Russian Deputy Prime Minister. Haitham Al Ghais, OPEC Secretary-General.

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Crude Oil Futures

OCTOBER 24, 2024

India and China have agreed to disengage their troops along certain sections of the LAC and establish mechanisms for military-level communication to prevent further clashes. In recent years, there have been tentative efforts to de-escalate tensions. However, progress has been slow, and the risk of renewed confrontations remains high.

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Pro-Gas Services

JANUARY 17, 2025

Suitable for Foamy Crude: Vertical separators are particularly well-suited for handling foamy crude oil, as their design minimizes the impact of foaming on separation efficiency. Their vertical orientation allows for efficient gravity separation in applications with lower gas-to-liquid ratios.

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The Energy Law

APRIL 5, 2018

The ATHOS I was contracted to deliver crude oil from Venezuela to a syndicate of CITGO interests, collectively referred to as “CARCO.” The allision resulted in a spill of approximately 264,000 gallons of crude oil into the Delaware River. As the designated responsible party under the Oil Pollution Act (“OPA”), 33 U.S.C.

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Rig Skills

FEBRUARY 18, 2019

Blow Out Prevention System What is Blow Out A blowout is the uncontrolled release of crude oil and/or natural gas from an oil well or gas well after pressure control systems have failed What is Blow Out Preventor (BOP) BOP is an assembly of specialized valves or similar mechanical devices installed, during drilling, between the wellhead system and (..)

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Rextag

JANUARY 6, 2025

GEOPOLITICS AND ENERGY: NAVIGATING GLOBAL TURBULENCE Fact: The Strait of Hormuz remains a critical chokepoint, with 20% of global oil supply passing through annuallyits potential closure in 2024 spiked crude oil prices by 15% within days. COP29 Outcomes: Held in Azerbaijan, COP29 resulted in a $1.3

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Crude Oil Futures

JANUARY 3, 2025

President Trump may have been emboldened by the fact that the US has been the biggest oil producer in the world for the past 6 years; in 2023, for instance, the US produced 12.9 million bpd, when the global production was 96.4

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