Basra: The prices of Basra Heavy and Basra Medium crude oil rose on Tuesday, despite the decline in global oil prices.
According to National Iraqi News Agency, the prices of Basra Heavy crude oil rose by $1.26, or 1.87%, to reach $68.55, while the p…
Baghdad: The Ministry of Oil announced today the signing of a memorandum of principles between North Oil Company and the American firm HKN for the development of the Hamrin oil field in Kirkuk province. The agreement was signed in the presence of Iraq…
Baghdad: Global oil prices fell by more than a dollar per barrel at the close of trading on Monday, pressured by renewed concerns over global demand, despite Chinese data showing a rise in crude imports. Brent crude futures settled down by $1.15, or 1…
Baghdad: The Parliamentary Oil, Gas and Natural Resources Committee held a joint meeting this Monday afternoon with Minister of Oil Hayan Abdul Ghani, officials from the State Oil Marketing Organization (SOMO), and the Iraqi Oil Tankers Company. The m…