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Iraq Warns Oil Companies of Spending Cuts
Keywords:
Tags: Current Focus, Oil & Gas,
Iraq oil and gas output 2010-2014
01/08/2011
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Problems facing Iraq's oil industry in 2015 with lower oil prices- lack of resources for needed investment in older oil fields in the south, and loss of supplies with the conflict in the Kurdish north
03/11/2015
The older oil fields in the Basra region in the south need major investments to offset declining production. Oil production in the Kurdish region in the north has suffered from the invasion by Islamic State. Oil prices at $56 in the budget leave a deficit of $20 billion for Iraq. Iraq needs a price over $100 to balance the budget. An alternative is for Iraq to issue $10-15 billion in bonds for much needed investments in oil fields. Iraq depends on western oil companies for investment and modernization, yet many of these companies have not been paid for earlier work.
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How Falling Oil Prices Are Hindering Iraq’s Ability to Fight Islamic State
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U.S. Oil Prices Hit Fresh Six-Year Low, Dipping Below $40 a Barrel
Wall Street Journal 08/23/2015
From Venezuela to Iraq to Russia, Oil Price Drops Raise Fears of Unrest
New York Times 08/24/2015
Iraq Warns Oil Companies of Spending Cuts
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Stalled Oil Field Project Adds to Iraq’s Woes
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Battered by War, Iraq Now Faces Calamity From Dropping Oil Prices
New York Times 01/31/2016
OPEC policy and oil prices in 2014 with supply disruptions in Libya and Iraq
06/12/2014
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OPEC's Withholding Taxes Oil Majors
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Oil Markets Fly Into a Perfect Storm
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Oil prices plunge as production rises, fueling concern in OPEC - The Washington Post
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Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
New York Times 10/15/2014
Iraq's budget of $101 billion in 2015, deficit of $20 billion, based on optimistic production estimates of 3.3 million barrels a day
03/11/2015
Experts say Iraq will struggle to reach 2014 average production levels of 2.5 billion barrels a day. The budget assumes an oil price of $56 a barrel.
Grouped Articles
How Falling Oil Prices Are Hindering Iraq’s Ability to Fight Islamic State
Wall Street Journal 03/11/2015
U.S. Oil Prices Hit Fresh Six-Year Low, Dipping Below $40 a Barrel
Wall Street Journal 08/23/2015
From Venezuela to Iraq to Russia, Oil Price Drops Raise Fears of Unrest
New York Times 08/24/2015
Iraq Warns Oil Companies of Spending Cuts
Wall Street Journal 09/15/2015
Stalled Oil Field Project Adds to Iraq’s Woes
Wall Street Journal 09/16/2015
Battered by War, Iraq Now Faces Calamity From Dropping Oil Prices
New York Times 01/31/2016
The Iraqi oil industry modernization after the American withdrawal in 2009.
07/01/2009
BP led consortium accepts a $2.00 per barrel deal for increasing production at the Rumailla oil field in return for technical services. The potential to increase production from 2.4 million b/d to 4.00 million b/d the Iraqi oil ministry's goal.
Grouped Articles
Surge in Iraqi Violence Reunites Maliki and Obama
New York Times 11/01/2013
Fledgling Iraqi Military Is Outmatched on Battlefield
Wall Street Journal 04/28/2014
Oil Industry in Iraq Faces Setback to Revival
New York Times 06/13/2014
Iraq Agrees on Kurdistan Oil Deal
Wall Street Journal 12/02/2014
How Falling Oil Prices Are Hindering Iraq’s Ability to Fight Islamic State
Wall Street Journal 03/11/2015
Iraq Warns Oil Companies of Spending Cuts
Wall Street Journal 09/15/2015
Iraq's role as a growing oil and gas supplier in the Middle East- 2011-2015
03/01/2011
Grouped Articles
Surge in Iraqi Violence Reunites Maliki and Obama
New York Times 11/01/2013
Exxon Mobil Signs Iraq Deal With PetroChina, Pertamina
Wall Street Journal 11/28/2013
OPEC Rift Emerging Over Iraq Output, Possible Return of Iran
Wall Street Journal 11/30/2013
Fledgling Iraqi Military Is Outmatched on Battlefield
Wall Street Journal 04/28/2014
Iraq and Kurds Reach Deal on Oil Exports and Budget Payments
New York Times 11/13/2014
Iraq Agrees on Kurdistan Oil Deal
Wall Street Journal 12/02/2014
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