Production at Iraq's largest field is still down by at least 120,000 bpd as repair crews contend with extensive damage from a ...

Energy giant BP is projected to invest up to $25 billion over the life span of a project to redevelop four Kirkuk oil and gas ...

Oil major BP is expected to spend up to $25 billion over the lifetime of a project to redevelop four Kirkuk oil and gas ...

The failure to implement the CSSP, critical for water injection and sustaining production, has stalled Iraq’s oil expansion.

A senior Iraqi official said that BP will spend up to 25 billion dollars over the life of a project redeveloping four Kirkuk oil fields and gas.

Provided the deal is signed, which the official said could be over the coming weeks, it would mark a breakthrough for Iraq ...

VLCC shipments are set to fall from Iraq after a storage tank fire at the country’s biggest oilfield. The blaze began on 24 January and was quickly brought under control. Bloomberg reported that ...

OPEC pumped an average of just over 27 million barrels a day in January, about 70,000 a day less than the month before.

Commodities Analysis by ING Economic and Financial Analysis (Warren Patterson) covering: Gold Spot US Dollar, US Dollar Index Futures, Gold Futures, Crude Oil WTI Futures. Read ING Economic and ...

By John Lee. Oil output at Iraq's Rumaila oilfield is reportedly down by 300,000 barrels-per-day (bpd) following a fire last week. The fire is said to have occurred in a decommissioned storage tank at ...

Rumaila oilfield has seen a daily production decline of almost 300,000 barrels, which helps Baghdad fulfill its commitments ...