8 OPEC+ countries reaffirm commitment to market stability

VIENNA, AUSTRIA (By OPEC, 5.Oct.2025, Words: 286) — The 8 OPEC+ countries, which previously announced additional voluntary adjustments in Apr. and Nov. 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 5 Oct. 2025, to review global market conditions and outlook In view of […]

Excelerate receives award letter for development of FLNG import terminal in Iraq

THE WOODLANDS, TEXAS (By Excelerate, 1.Oct.2025, Words: 335) — Excelerate Energy, Inc. received an official award letter from the government of Iraq to develop an integrated floating liquefied natural gas (LNG) import terminal, marking a significant milestone in the country’s energy diversification strategy. Following approval in Baghdad from Iraq’s prime […]

Eight OPEC+ countries eye 547,000 b/d production adjustment [table]

VIENNA, AUSTRIA (By OPEC, 3.Aug.2025, Words: 294) — Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirmed their commitment to market stability on current healthy oil market fundamentals and steady global economic outlook and adjust production. The 8 OPEC+ countries, which previously announced additional voluntary adjustments in Apr. […]

OPEC+ reaffirm commitment to market stability [table]

BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 5.Jul.2025, Words: 309) — Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirmed their commitment to market stability on current healthy oil market fundamentals and steady global economic outlook and adjust production. The 8 OPEC+ countries, which previously announced […]

OPEC+ countries commit to market stability, 411 Mb/d adjustment

HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 3.May.2025) — 8 OPEC+ countries — namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman — which previously announced additional voluntary adjustments in Apr. and Nov. 2023, announced plans to implement a production adjustment of 411 thousand barrels per day (Mb/d) […]

8 OPEC+ countries reaffirm commitment to market stability

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 3.Apr.2025) — 8 OPEC+ countries — Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria and Oman — reaffirmed their commitment to stabilizing the oil market and upward production adjustments. The 8 OPEC+ countries previously announced additional voluntary adjustments in Apr. 2023 and Nov. […]

bp and Iraq Reach Final Agreement for Kirkuk Oil Field Redevelopment

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 25.Feb.2025) — bp reached agreement on all contractual terms with Iraq to invest in several giant oil fields in Kirkuk providing for the rehabilitation and redevelopment of the fields, spanning oil, gas, power and water with potential for investment in exploration.  The agreement […]

CNOOC Africa Inks EDPC with Midland Oil Company in Iraq

(Energy Analytics Institute, 29.Oct.2024) — CNOOC Limited’s wholly owned subsidiary, CNOOC Africa Holding Ltd., entered into an Exploration, Development & Production Contract (EDPC) with Midland Oil Company (Md.O.C) for Block 7 in Iraq. Block 7 is mainly located in Province Diwaniyah, with an area of 6,300 km2, CNOOC said 29 […]

QatarEnergy and TotalEnergies to Partner in Solar Project in Iraq

(Energy Analytics Institute, 28.Oct.2024) — QatarEnergy inked a partnership agreement with the French oil giant TotalEnergies to enter into a solar power project that is part of the Gas Growth Integrated Project (GGIP) in Iraq. Per the agreement, which is subject to regulatory approvals, QatarEnergy will buy a 50% interest […]

Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman Extend Cuts

(Opec, 5.Sep.2024) — The OPEC+ countries, which previously announced additional voluntary cuts in Apr. and Nov. 2023, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, held a virtual meeting on 5 Sep. 2024, during which the eight member countries emphasized their collective resolve to […]

Sungrow Spearheads Iraq’s Renewable Energy Revolution

(Sungrow, 11.Dec.2023) — In a strategic move toward harnessing the untapped potential of Iraq’s solar landscape, Sungrow is taking the lead in shaping the nation’s green energy sector. Iraq’s Minister of Oil, Ihsan Abdul Jabbar, stressed the importance for Arab countries to prioritize high-efficiency, low-cost energy production to foster a modern economy. The country […]

Agreement Between Iraq and TotalEnergies

(Total, 5.Apr.2023) — While confirming all the terms of the Development & Production Contract signed in 2021, TotalEnergies and the Iraqi government have, through exchanges in the past months, including in 4 occasions between Prime Minister Al-Sudani and Chairman & CEO Patrick Pouyanné, jointly defined the necessary conditions and mutual […]

Iraq: TotalEnergies Sells Interest in Sarsang Oil field

(TotalEnergies, 15.Sep.2022) — TotalEnergies completed the divestment of its 18% interest in the onshore Sarsang oil field in the Kurdistan region of Iraq, to ShaMaran Petroleum Corp., a company listed in Canada and Sweden and focused on oil exploration and development in Kurdistan, for a firm consideration of $155mn. An […]