Basra Oil Company announced that firefighting teams extinguished a fire that broke out at the second gas compression station belonging to the Southern Gas Company without losses.
The Assistant Director General of Basra Oil Company for Licensing Round…
Baghdad: Iraq’s oil exports to the United States declined during the past week.
The US Energy Information Administration (EIA) stated in a report, ‘The average US imports of crude oil during the past week from 8 major countries amounted to 6,028 mill…
Baghdad: The Basra Company denied, today, Saturday, what some media reported about raising the purple flag in the West Qurna/1 field, indicating the cessation of work in the field due to temperatures exceeding 50 degrees Celsius.
A statement from the…
Baghdad: Basra crude recorded weekly gains of more than 3%, with global oil recording strong weekly gains for Brent and West Texas Intermediate crudes.
Basra Heavy crude closed in its last session yesterday, Friday, up 49 cents to reach $82.71, and r…
Basra Heavy and Medium crude prices rose today, Wednesday, with the rise in oil prices in global markets.
The price of Basra Heavy crude rose $1.11 to reach $80.95, and the price of Basra Medium crude rose $1.11 to reach $83.80.
Oil prices rose slig…
The Deputy Chairman of the Holy Karbala Provincial Council, Mahfouz Al-Tamimi, said that the Ministry of Oil has included Karbala oil wells in the upcoming licensing round.
He added to the correspondent of the National Iraqi News Agency / NINA / that…