Tag: Iraq

Iraq wants OPEC to significantly increase the country’s oil supply quota, Baghdad said on Thursday, following reports it would consider quitting the cartel over the dispute.

Qatar halted production of liquefied natural gas on Monday and Saudi Arabia shut its biggest domestic oil refinery after a drone strike, a source said, as Israeli and U.S. strikes and Iranian retaliation triggered precautionary shutdowns of oil and gas facilities across the Middle East.

An Iraqi-Emirati consortium plans a $700 million subsea-and-terrestrial data cable linking the United Arab Emirates to ‌Turkey via Iraq, one of the backers said, just over a ‌week after announcement of a Saudi-backed fibre-optic project in Syria.