Iraq Business News: Oil & Gas

JULY 14, 2025

The Association of the Petroleum Industry of Kurdistan (APIKUR) has welcomed it described as renewed and intensified negotiations between the Kurdistan Regional Government (KRG) and the Government of Iraq (GoI) aimed at resuming oil exports via the Iraq-Türkiye Pipeline (ITP). By John Lee.

Oil

Aresco

JULY 14, 2025

This ancient oil field is widely regarded as the location of the first mechanically drilled oil well in the world, predating Drake’s well by several years. The First Oil Well in the World The first oil well in the world was Bibi Heybat, located near Baku in present-day Azerbaijan, drilled in 1846.

Oil

Oil & Gas 360º

JUNE 19, 2025

With 25 years of experience in North American oil and gas, Ron has also gained international expertise through work in Asia, Russia, and the Middle East. Gatti earned a degree in mechanical engineering from the University of Alberta, Canada. At Liberty, he focuses on technology innovation, service quality, efficiency, and optimization.

Energy

Oil & Gas 360º

JUNE 20, 2025

“The government recognizes the complexities and high costs associated with the development of the Venus oil field by TotalEnergies,” Kornelia Shilunga, special adviser and head of upstream petroleum unit in the Namibian Presidency, said in a reply to questions.

Offshore

Oil & Gas 360º

JULY 10, 2025

still needs the Strategic Petroleum Reserve at all. The American SPR is the world’s largest emergency oil storage, able to hold 714 million barrels, or the equivalent of 35 days of U.S. oil consumption, when full. The supply rupture led to severe fuel shortages and a quadrupling of oil prices. That put U.S.

IT

Oil & Gas 360º

MAY 7, 2025

The national oil funds revenue fell by 43% by the end of April from year earlier, as lower prices offset the increase in crude output, Halyk Finance said. Russia, a fellow member of OPEC+,is consideringchanging its budget building mechanism in response to sliding oil revenue. million bpd in June, compared with 1.85

Mechanic

Oil & Gas 360º

JUNE 3, 2025

an independent petroleum engineering firm, and comply with definitions promulgated by the SEC. Such terms do not constitute reserves within the meaning of the Society of Petroleum Engineers Petroleum Resource Management System or SEC rules and do not include any proved reserves.

Royalty