Iraq Business News: Oil & Gas

MAY 17, 2025

Iraq's South Refineries Company (SRC) is nearing the completion of its Fluid Catalytic Cracking (FCC) project, with 98% of the work done. Deputy Prime Minister and Minister of Oil, Hayan Abdul Ghani, emphasized the importance of boosting production to achieve self-sufficiency in petroleum products during his visit to the site.

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Oil & Gas 360º

MAY 21, 2025

commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 1.3 crude oil inventories are 6% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of May 16, 2025. crude oil refinery inputs averaged 16.5

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Oil & Gas 360º

MAY 14, 2025

commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 4.0 crude oil inventories are 6% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of May 9, 2025. crude oil refinery inputs averaged 16.4

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Oil & Gas 360º

MAY 7, 2025

commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 2.0 crude oil inventories are 7% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of May 2, 2025. crude oil refinery inputs averaged 16.1

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Oil & Gas 360º

APRIL 30, 2025

commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 2.7 crude oil inventories are 6% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of April 25, 2025. crude oil refinery inputs averaged 16.1

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Oil & Gas 360º

APRIL 23, 2025

commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 0.2 crude oil inventories are 5% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of April 18, 2025. crude oil refinery inputs averaged 15.9

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Oil & Gas 360º

APRIL 16, 2025

commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 0.5 crude oil inventories are 6% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of April 11, 2025. crude oil refinery inputs averaged 15.6

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Oil & Gas 360º

APRIL 9, 2025

commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 2.6 crude oil inventories are 5% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of April 4, 2025. crude oil refinery inputs averaged 15.6

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Oil & Gas 360º

APRIL 2, 2025

commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 6.2 crude oil inventories are 4% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of March 28, 2025. crude oil refinery inputs averaged 15.6

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Oil & Gas 360º

MARCH 26, 2025

commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 3.3 crude oil inventories are 5% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of March 21, 2025. crude oil refinery inputs averaged 15.8

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Oil & Gas 360º

MARCH 12, 2025

commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 5.7 crude oil inventories are 5% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of March 7, 2025. crude oil refinery inputs averaged 15.7

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Oil & Gas 360º

MARCH 5, 2025

commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 3.6 crude oil inventories are 4% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of February 28, 2025. crude oil refinery inputs averaged 15.4

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Iraq Business News: Oil & Gas

FEBRUARY 11, 2025

The Iraqi Ministry of Oil has announced plans to expand Maysan [Missan] Refinery by adding a new refining unit with a capacity of 70,000 barrels per day (bpd), increasing the refinery's total output to 110,000 bpd. The Deputy Minister called on refinery staff to ensure efficient operations and uninterrupted fuel supply.

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Oil & Gas 360º

APRIL 3, 2025

Ojulari most recently served as chief operating officer of Renaissance Africa Energy Co., The new board has been asked to conduct a strategic review of NNPC-operated and joint venture assets to ensure alignment with value-maximization objectives, Onanuga said. Bashir Ojulari will replace Mele Kyari as head of NNPC Ltd.

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Egypt Oil & Gas

MARCH 26, 2025

This came during the general assembly meeting of the Middle East Oil Refinery (MIDOR), attended by the Minister of Petroleum and Mineral Resources, Karim Badawi, to discuss and review the companys fiscal year results in 2024.

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Egypt Oil & Gas

MARCH 27, 2025

Minister of Petroleum and Mineral Resources Karim Badawi witnessed the proceedings of the General Assembly meeting of the Egyptian Company for Operation and Maintenance of Projects (EPROM) to review its 2024 business performance. The post EPROMs 2024 Net Profits Reached EGP 1.096B first appeared on Egypt Oil & Gas.

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Egypt Oil & Gas

APRIL 20, 2025

(CNCEC), ENPPI, and Petrojet, in the presence of Prime Minister Mostafa Madbouly and the Minister of Petroleum and Mineral Resources, Karim Badawi. It is designed to produce a range of petrochemical products through an advanced oil refinery and steam cracking units, enabling the production of ethylene and propylene.

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Permian Basin Oil and Gas Magazine

MARCH 4, 2025

Crude oil exports by Pemex, Mexicos state-owned petroleum company managed and operated by the Mexican government, fell 44 percent in January 2025 compared to the same month last year to 532,404 barrels per day. Thats its lowest in decades, according to Reuters , as the company has admitted it is struggling with crude quality.

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Oil Review Middle East

MAY 12, 2025

Aramco recorded a robust Q1 financial and operational performance, with net income of US$26bn, slightly down from US$27.3bn in Q1 2024, and capital expenditure of US$12.5bn The decrease in net income was mainly due to the impact of lower revenue and other income related to sales as well as higher operating costs.

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Egypt Oil & Gas

MARCH 13, 2025

Minister of Petroleum and Mineral Resources Karim Badawi held meetings with Clay Neff, President of Chevron International Exploration and Production, and Dong Sub Kim, President & CEO of Korea National Oil Corporation (KNOC), focusing on investments and capacity building.

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Rextag

NOVEMBER 25, 2024

As winter approaches, the interplay between refinery activity, import volumes, and demand for refined products will be crucial. Adding to the intrigue, oil held in the Strategic Petroleum Reserve (SPR) rose by 1.4 IMPORTS SURGE WHILE REFINERY ACTIVITY COOLS Crude oil imports surged by a remarkable 1.2 million barrels to 389.2

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The Energy Law

OCTOBER 13, 2020

BP, which rebranded itself as “Beyond Petroleum” in 2000, announced in February of this year its plans of becoming a net-zero emissions company by 2050. With respect to current operations, BP and Shell boast the more extensive footprints in the wind energy sector. gigawatts it currently has. billion deal to buy 50% stakes in two U.S.

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Valor

FEBRUARY 24, 2025

Refinery inputs averaged 15.4 Total petroleum inventories increased by 0.2 Total petroleum inventories increased by 0.2 Read more Contact Valor Today Contact us today if you need help outsourcing your oil and gas operations. Read more U.S. crude oil inventories increase by 4.6 million barrels Summary : U.S.

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The Energy Law

OCTOBER 13, 2020

BP, which rebranded itself as “Beyond Petroleum” in 2000, announced in February of this year its plans of becoming a net-zero emissions company by 2050. With respect to current operations, BP and Shell boast the more extensive footprints in the wind energy sector. gigawatts it currently has. billion deal to buy 50% stakes in two U.S.

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Drillers

MARCH 24, 2020

Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. That was formed in 1977 under the name National Nigeria Petroleum Company. The government has been fighting the illicit refineries for years. How did this happen?

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Rextag

FEBRUARY 24, 2025

Occidental Petroleum & Ecopetrols Partnership: Occidental Petroleum (Oxy) continued to expand its Permian operations through a joint venture with Colombian oil company Ecopetrol. Guyana Contribution: Exxon operates three major oil projects in Guyana, and by late 2024, their combined production will exceed 0.62

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Oil & Gas 360º

MARCH 20, 2025

(Investing) –The Department of the Treasurys Office of Foreign Assets Control (OFAC) today announced sanctions against a teapot oil refinery and its CEO for purchasing and refining Iranian crude oil worth hundreds of millions of dollars. The refinery, known as Shandong Shouguang Luqing Petrochemical Co.,

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Valor

MARCH 10, 2025

Energy Secretary Chris Wright estimates it will take $20 billion and several years to refill the Strategic Petroleum Reserve (SPR) to near capacity, following the sale of nearly 300 million barrels under the Biden administration, which pushed reserves to a 40-year low of 395 million barrels. Read more U.S. Read more New report shows U.S.A

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The Energy Law

SEPTEMBER 15, 2015

Citgo Petroleum Corp., In what may be considered a warning shot to overzealous federal prosecutors looking to obtain criminal convictions under the Clean Air Act (“CAA”) or the Migratory Bird Treaty Act (“MBTA”), the Court of Appeals reversed criminal convictions against Citgo related to violations of both Acts at its Corpus Christi refinery.

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Oil & Gas 360º

MAY 7, 2025

Global oil prices hit a four-year low on Monday after the Organization of the Petroleum Exporting Countries and its allies, known together as OPEC+, agreed to another accelerated oil output hike for June. Suncor also posted its best-ever first quarter for refinery throughput and sales. The company reported first-quarter profit of C$1.7

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Energy Outlook Advisors

MAY 1, 2025

stock exchanges, operate globally and access Western capital markets. However, China has previously prohibited these majors from directly importing Iranian and Russian oil, while encouraging independent refineries, unconnected to the U.S. Since then, Iran developed new fields producing crude suited for Chinese refineries.

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The Energy Law

MARCH 31, 2021

s March 2019 permit to construct and operate cross-border pipeline facilities at the U.S.-Canada Background The Keystone Pipeline is a system of petroleum pipelines designed to transport crude oil from fields in Alberta, Canada and ultimately terminating at refineries on the U.S Canada border in Montana. Constitution.

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The Energy Law

MARCH 31, 2021

s March 2019 permit to construct and operate cross-border pipeline facilities at the U.S.-Canada The Keystone Pipeline is a system of petroleum pipelines designed to transport crude oil from fields in Alberta, Canada and ultimately terminating at refineries on the U.S Canada border in Montana. Constitution. Background.

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McKinsey

JUNE 17, 2025

The unpredictability is forcing leaders to question long-held assumptions about where and how they operate. In a fragmented scenario, divergent regulation (especially a lack of mutual recognition of credentials) and relocation of client operations could substantially impair service delivery. Start with electronics.

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The Energy Law

FEBRUARY 24, 2021

If incidental takes are actionable under the MBTA, this raises possible MBTA liability in a variety of industries (such as wind projects, petroleum refineries, and other energy and infrastructure projects) whose normal day-to-day operations can have unintentional effects on migratory birds. CITGO Petroleum Corp. ,

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The Energy Law

FEBRUARY 24, 2021

If incidental takes are actionable under the MBTA, this raises possible MBTA liability in a variety of industries (such as wind projects, petroleum refineries, and other energy and infrastructure projects) whose normal day-to-day operations can have unintentional effects on migratory birds. CITGO Petroleum Corp. ,

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