Iraq Business News: Oil & Gas

JUNE 8, 2025

As part of Iraq's government-backed gas development programme, the Ministry of Oil has reported significant progress in reducing gas flaring and increasing gas utilisation. In liquefied petroleum gas (LPG), production rose from 2 million tonnes in 2024 to 3 million tonnes in 2025.

Gas 59

Gas Field Dry Gas Associated Gas 59

Enverus

APRIL 9, 2025

We see good and bad news for Canadian gas producers trying to capitalize on increased oil sands production over the next four years, said Trevor Rix, a director at EIR and lead author of the new report. The good news is that prices for condensate produced by many operators alongside natural gas volumes will likely be quite robust.

Condensate 130

Condensate Gas Oil Natural Gas 130

Enverus

APRIL 21, 2025

Non-upgraded Canadian oil sands production is expected to rise by around 100 Mbbl/d annually until 2028. However, this increased demand for condensate will also have implications for AECO hub gas pricing. As Montney E&Ps pivot towards condensate-directed drilling, they will likely produce large quantities of associated gas.

Oil 130

Oil Condensate Exploration and Production Pipeline 130