Basra — Basra (Platts)--20Mar2019/754 pm EST/2354 GMT Iraq's Basra Oil Company is hoping last-minute reinforcements to burst berms north of the 115,000 b/d Majnoon oil field will fend off increasing flood waters that have entered the area from nearby Iran.

At least four wells have been shuttered by rising water levels or out of precaution, two senior Basra Oil Company officials told S&P Global Platts Wednesday, though other wells were"...

Flights from Turkey's southeastern province of Gaziantep to Irbil in northern Iraq will boost economic ties between the two nations, the governor said Wednesday.

'Flights will increase our trade with Iraq and contribute to Gaziantep in terms of health tourism and eliminate delays at border gates and roads,' said Davut Gül in a statement.

Gül also noted"...

Jordan's Ministry of Energy and Mineral Resources have announced a tender for the transportation of its oil imports from Iraq.

The tender involves shipping of 10,000 barrels per day of crude oil from Iraq's Baiji oil refinery to Jordan’s Petroleum Refinery Company, with the deadline for companies to bid on April 4th.

Jordan will receive the oil at a discount of"...

SULAIMANI — The US dollar to Iraqi dinar (IQD) exchange rate was stable on the Kurdistan Region’s currency markets on Wednesday (March 20). Broker Rawaz Jaza told NRT Digital Media that $100 was at 120,550 Iraqi dinars, maintaining the same rate as the previous day. Jaza also reported that 100 British pounds was at 159,500 Iraqi dinars, and 100 euros was at 137,250. nrttv ...

SULAIMANI — Crude oil prices were down on Wednesday (March 20), compared to the previous close.

The price of Brent oil was $67.37, down from $68.03, and US WTI crude was $59.17 from $59.74.

The Organization of the Petroleum Exporting Countries (OPEC) and its Russia-led allies agreed on December 7 to slash oil production by more than the market had expected.

They"...