OPEC’s crude production rose to the highest level in more than a year ahead of the group’s planned supply revival, driven by gains in Iraq, Venezuela and the United Arab Emirates.Output increased by ...

Iraq’s production rose by 100,000 barrels a day to 4.16 million per day, as it restored production halted during a fire at the Rumaila oil field in late January, according to the survey. Baghdad has ...

and the agreement will give "a better return" than the company currently receives from its existing arrangement at Iraq's giant Rumaila oil field. Restructuring downstream operations, selling off ...

BP, together with PetroChina and Basra Oil Company, is working to develop Rumaila, the ‎second-largest producing field in the world, estimated to hold around 17 billion barrels of remaining ...

PETROAN has said recent petrol price cuts by Dangote Refinery and NNPC will help curb inflation and ease economic pressure.

BP's (NYSE:BP) deal to redevelop oil and gas fields in Iraq's Kirkuk region eventually will be viewed as of the company's most important transactions in 20 years, CEO Murray Auchincloss said Wednesday ...

BP has estimated that the Kirkuk field holds about 9 billion barrels of recoverable oil. The company holds a 50% stake in a joint venture operating the giant Rumaila oilfield in the south of the ...

The company believes that Kirkuk has significant potential and expects the field ... recoverable oil. In addition, BP is a 50% stakeholder in the joint venture that operates the Rumaila oilfield ...