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. To expand storage capacity, the Ministry completed 8 of 16 spherical LPG tanks, each with a 3,000-cubic-metre capacity, adding 24,000 cubic metres overall.

Gas

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

Enverus

APRIL 21, 2025

As Montney E&Ps pivot towards condensate-directed drilling, they will likely produce large quantities of associated gas. This could lead to an oversupply of cheap gas, putting downward pressure on AECO hub prices. Figure 2: Canadian bitumen, condensate and associated gas growth projections through 2030.

Oil

Drillers

FEBRUARY 25, 2020

The gushers were oil wells where the oil and gas were under so much pressure; they sprang out when the well got drilled. We know how to handle gas and liquids under massive pressure. Gas injection does the same: the gas expands in the well and displaces the oil, which gets forced to flow up.

Oil