Oil and Gas
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Ministry of Oil Launches ISO 37001 Anti-Bribery Initiative
In response to the directives of the Deputy Prime Minister for Energy Affairs and Minister of Oil, Mr. Hayan Abdul-Ghani Al-Sawad, the Ministerial Team for Qualifying and Implementing the International Quality Standard (ISO 37001) for Anti-Bribery Requirements held its inaugural meeting on Wednesday. Led by Mr. Diaa Jabbar, Director of…
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Iraq to Start Exporting Jet Fuel
Iraq is taking a pivotal step toward economic diversification with the export of jet fuel at a rate of 800 to 1,000 tonnes per day. This strategic move not only enhances the country’s export portfolio but also signifies a shift away from its traditional reliance on crude oil. As the…
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Oil Ministry and Parliament Discuss Refining Law Amendments
In a significant step toward enhancing Iraq’s oil refining sector, the Ministry of Oil held a meeting with the Parliamentary Oil, Gas, and Natural Resources Committee to discuss proposed amendments to the Investment Law for Refining Crude Oil No. 64 of 2007. This meeting was attended by members of the…
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Honeywell Signs Agreement with Iraqi Energy Sector
Iraq’s Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul-Ghani, visited the headquarters of Honeywell, a leading American company specialising in energy and technology solutions. During the visit, he met with top company officials to discuss expanding cooperation in Iraq’s energy sector and refining industry. The meeting…
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Baker Institute Meeting Reinforces US-Iraq Energy Ties
Iraq’s Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul Ghani Al-Sawad, led a high-level Iraqi delegation to the Baker Institute in Houston for a series of discussions with top U.S. officials and business leaders. The meetings aimed at strengthening the 20-year partnership between Iraq and the…
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Celebrating 64 Years of OPEC
Last week, OPEC celebrated its 64th anniversary, marking its founding between 10th and 14th September 1960 in Baghdad. Iraq takes great pride in being a key founding nation of OPEC and continues to play a vital role in its ongoing success. In a statement, OPEC remarked: “On the banks of…
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Efforts to Modernise Oil Operations and Enhance Services
The Deputy Prime Minister for Energy Affairs highlighted the need to adopt liquefied gas fuel over petrol or diesel due to its economic and environmental benefits. This statement was made during his visit to the General Company for Gas Filling and Services in Taji, accompanied by the Deputy Minister for…
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Iraq’s Economic Growth Hinges on Oil Sector Recovery: World Bank
The World Bank is cautiously optimistic about Iraq’s economic future, projecting growth exceeding 5% by 2026. This optimism hinges on a crucial factor: recovery in the nation’s oil sector. Iraq’s economy is heavily reliant on oil revenue. As a major oil producer and exporter, the country’s financial health is therefore…
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Iraq Takes Step Towards Self-Sufficiency in Fuel with New Refinery Project
In a significant step towards energy independence, Iraq recently celebrated the inauguration of a new isomerisation unit at the Basra Refinery. This facility, supported by national efforts, flaunts a production capacity of 11,000 barrels of improved gasoline per day. The project is expected to deliver a two-pronged benefit. Firstly, it…
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Iraq and OPEC+ States to Extend Production Cuts until 2025
Iraq, along with other OPEC+ countries including Saudi Arabia, Russia, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, participated in an in-person meeting in Riyadh during the 37th OPEC and non-OPEC Ministerial Meeting (ONOMM). The meeting aimed to strengthen the precautionary efforts of OPEC+ to support the stability and…
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