Iraq, struggling with power shortages, is installing compressor facilities to use huge volumes of gas being flared in southern oilfields, the director general of state-run South Gas Co said.

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Egypt is withholding its contracted gas supply to energy-poor Jordan unless a new deal is signed at a higher price, a Jordanian official said on Wednesday.

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Iraq expects to see its crude oil production reach 3 million barrels per day this year, Deputy Prime Minister Hussain al-Shahristani said on Saturday.

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Jordan has agreed to a new price for the gas that it imports from Egypt, a step that may help Cairo as it negotiates a higher price for its gas exports to Israel, al-Mal newspaper reported on Wednesday.

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Iraq and Royal Dutch Shell have settled most of the pending legal issues that have delayed a $12 billion gas deal for more than two years, an Iraqi deputy oil minister said yesterday. Since the signing of an initial agreement in 2008, Iraq has been working to finalise a joint venture between its South Gas Co, Shell and Mitsubishi to capture associated gas at southern oilfields.

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Iraq does not plan to lower its 12 million barrel per day oil output capacity goal or to redo contracts with oil firms over their plateau targets, Deputy Prime Minister for energy Hussain al-Shahristani said on Sunday.

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Dana Gas announced its latest gas discovery in Egypt’s Nile Delta, ‘South Abu El Naga-2’ well.

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Saudi Arabia’s crude oil output edged back up in April to around 8.5 million barrels per day (bpd) from roughly 8.3 million bpd in March as demand picks up, Saudi-based industry sources said on Sunday.

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Security official blames armed gang for “attack” at terminal that supplies natural gas to Jordan and Israel.

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Legal hurdles have delayed Iraq’s $12 billion (7.3 billion pound) deal with Royal Dutch Shell and Mitsubishi to capture flared gas, but agreement on a final draft contract may be only a few weeks away, a senior Iraqi oil official said.

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