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Iran, Iraq ink MoU to boost oil cooperation The two petroleum ministers also reached an agreement on exporting Kirkuk oil through a pipeline, which passes from Iran’s territory.

Iran, Iraq ink MoU to boost oil cooperation

The two sides agreed to establish a joint committee to follow up on the taken decisions and agreements

 •   Iran to finalise contract with Total soon
 •   Iraq's oil reserves increase to 153bn barrels
 •   To enter or not to enter: the IOC dilemma on Iran

Kuwait says to raise output to 4.75mn bpd by 2040

Kuwait's current oil production capacity is around 3.15mn bpd, and it has long said it plans to raise this to 4mn bpd by 2020 and maintain this level to 2030
 

Rosneft signs deals with Libya and Kurdistan

The deal with Libya NOC was announced as Rosneft said it had signed a deal to pre-finance crude exports from Kurdistan, becoming the first major oil firm to make such an agreement with the semi-autonomous Iraqi region.
 

Iran to finalise contract with Total soon

Bijan Zanganeh said that a contract was still being pursued with Total but noted recent comments from the chief executive of the French company indicated it was awaiting feedback from the United States
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