Category: Iraq

Iraqi state companies have been quietly prepping the massive Akkas gas field near the Syrian border to begin production, more than a decade after it was awarded to the Korean Continue Reading

The escalating conflict between the Kurdistan region’s two main political parties is undermining their ability to negotiate with Baghdad over existential threats to their oil sector. The semi-autonomous Kurdistan Regional Continue Reading

Iraq, OPEC’s second-largest producer, elected a new president on Thursday after months of political deadlock, protests and violent clashes among various militias both in Baghdad’s Green Zone and oil-rich Basra. Continue Reading

Iraq’s nationwide oil production held steady in August and September at 4.74 million barrels per day (bpd), according to field-by-field data compiled by Iraq Oil Report.*Output has topped 4.7 million Continue Reading

 Nine rockets landed on Thursday around the Iraqi capital’s Green Zone, home to government buildings and foreign missions, the military said, shortly before parliament began a session to elect a Continue Reading

 Nine rockets landed on Thursday around the Iraqi capital’s Green Zone, home to government buildings and foreign missions, the military said, shortly before parliament began a session to elect a Continue Reading

Oil companies in southern Iraq are pivoting to backup plans for reducing gas flaring — a sign they are not counting on France’s TotalEnergies to move ahead with a major Continue Reading

Revenues fell with global oil prices, but higher export volumes through Ceyhan helped offset a pipeline leak that temporarily halted Basra Gulf tanker loadings,       Iraq’s nationwide exports edged Continue Reading

The autonomous Iraqi region of Kurdistan exported over 37 million barrels of crude oil over the three months to June this year, making $3.8 billion from the sales, local media Continue Reading

Iraq’s highest court has struck down the government order that created the Iraqi National Oil Company (INOC) two years ago, dealing a crippling setback to a nascent effort to restructure Continue Reading

Iraq’s Oil Ministry has removed four oil services firms from a blacklist, including U.S. company Weatherford, after they agreed not to seek new contracts in Iraqi Kurdistan — the latest Continue Reading

Oil loading and exporting operations from Iraq’s Basrah oil terminal are back to their normal rates after being halted on Friday due to a spillage, which has now been contained, Continue Reading

An oil spill has forced a shutdown of all crude oil exports from Iraq’s Basra Port, oil sector sources said on Friday, cited by Reuters. With four tanker berths, the Continue Reading

Iraq’s nationwide oil production edged up slightly in August to 4.74 million barrels per day (bpd) from 4.72 million bpd in July, according to field-by-field data compiled by Iraq Oil Report. Continue Reading

Foreign oil companies operating in Iraq’s semi-autonomous Kurdistan region are ignoring a barrage of legal challenges to their businesses by Baghdad and are investing for the long haul, including activity Continue Reading

Iraq’s nationwide oil sales fell in August for the second consecutive month, declining to 3.667 million barrels per day (bpd).* Federal exports through the northern pipeline to Turkey dropped by Continue Reading

On most days in the Iraqi capital, jackhammers and electric drills provide the soundtrack to a construction boom, with multistory restaurants taking shape and a new $800 million central bank Continue Reading

Rising political turmoil in Iraq could soon threaten the country’s oil production, with some analysts suggesting that up to a million barrels per day could be taken offline. As well Continue Reading

 Muqtada al-Sadr on Tuesday gave a speech condemning Monday’s violence and ordering his followers to stop even the peaceful protests that he had earlier ordered. Sadr’s followers appeared to obey Continue Reading

BAGHDAD (AP) — An influential Shiite cleric announced Monday that he would resign from Iraqi politics, prompting hundreds of his angry followers to storm the government palace and sparking clashes Continue Reading

A series of rocket attacks on a gasfield in northern Iraq has sent the U.S. contractors working on its expansion packing, dealing a blow to the Kurdish region’s hopes of Continue Reading

Iraq has ambitions to improve electricity supply using solar power, but those plans are being delayed by disputes over payment terms, inexperience among senior officials in dealing with solar agreements, Continue Reading

Iraq’s Oil Ministry is threatening to take aggressive international legal action to stop the Kurdistan region from continuing to export crude oil independently of Baghdad. In a letter sent to Continue Reading

The Kurdistan region’s Ministry of Natural Resources (MNR) has initiated an appeal of a Baghdad court’s July decision to invalidate four contracts with international oil companies — a move that could delay Continue Reading

Iraq’s nationwide oil production jumped by 100,000 barrels per day (bpd) in July, rising to 4.72 million bpd, according to field-by-field data compiled by Iraq Oil Report. The increase in Continue Reading

Iraq holds a very conservatively estimated 145 billion barrels of proven crude oil reserves. Hamid Younis, first vice president of the Iraq National Oil Company, said last week that the Continue Reading

Iraq’s most vulnerable citizens are the hardest hit by dust storms, which are growing in frequency and intensity due to both global climate change and government inaction. View full article Continue Reading

A young Kurdish man was killed and two others were wounded Monday in a confrontation between armed protesters and security forces guarding an oil camp east of Erbil. Eyewitnesses, security Continue Reading

Weeks after followers of an influential cleric stormed parliament, Iraq’s political crisis shows no signs of abating, despite rising public anger over a debilitating gridlock that has further weakened the Continue Reading

Iraq’s most vulnerable citizens are the hardest hit by dust storms, which are growing in frequency and intensity due to both global climate change and government inaction. . View full Continue Reading

 Iraq pumped 4.584 million barrels per day (bpd) of oil in July, up by 69,000 bpd from June, data from state-owned marketer SOMO seen by Reuters showed on Wednesday. According Continue Reading

IOCs get blacklisted from operating in Iraqi Kurdistan. Two landmark legal rulings made in February by the Supreme Court of the Federal Government of Iraq in Baghdad paved the way Continue Reading

Iraq’s Oil Ministry has added Russia’s Gazprom and the UAE’s Dana Gas to its list of legal targets in a campaign to invalidate the Kurdistan region’s contracts with international oil Continue Reading

Oil prices inched up from multi-month lows on Monday as lingering worries about demand weakening on the back of a darkened economic outlook outweighed some positive economic data from China Continue Reading

Iraq is stuck in a purgatory of caretaker governance — unable to make strategic decisions in the oil sector and beyond — as political leaders in Baghdad escalate their 10-month Continue Reading

Iraq’s state-owned Basra Oil Company (BOC) has told international oil companies not to work with four major oil services companies operating in Iraqi Kurdistan — the first sign that the Continue Reading

Rockets hit the Khor Mor gas field Monday night for the fourth time in two months, highlighting a major, unresolved threat against a strategically important project that provides the vast Continue Reading

Iraq’s oil production moved sharply higher in June, with a monthly increase of 153,000 barrels per day (bpd) taking output to 4.62 million bpd, the highest since February 2020, according Continue Reading

Several rockets landed at the Khor Mor gas field in the Sulaimaniya region of northern Iraq on Monday, Iraqi Kurdish officials said, but they did not immediately report any damage Continue Reading

The bombardment of a tourist resort in Iraqi Kurdistan has further frayed Turkey-Iraq relations against a backdrop of a major legal dispute over oil exports, tensions over cross-border water rights, Continue Reading

Iraq’s Kurdistan agreed with the federal agreement in Baghdad to “increase dialogue” to resolve “outstanding issues” including a dispute about their oil and natural gas rights, the prime ministers of Continue Reading

The bombardment of a tourist resort in Iraqi Kurdistan has further frayed Turkey-Iraq relations against a backdrop of a major legal dispute over oil exports, tensions over cross-border water rights, Continue Reading

Iraq’s southern oil export capacity may go up to 3.35 million b/d by September from around 3.3 million b/d now, as OPEC’s second biggest producer pumps more crude in line Continue Reading

Iraq has doubled its oil production capacity in the last decade to become the second-largest producer and exporter in OPEC, but the country has failed to realize most of its Continue Reading

 Iraq’s bid to boost oil export capacity at its Gulf ports has suffered a setback due to delays in pumping station upgrades, an Iraqi oil source said. OPEC’s second-largest oil Continue Reading

As Iraq’s federal government escalates its campaign against the Kurdistan region’s oil sector independence, perhaps its most important legal action is an eight-year-old arbitration case against Turkey that is nearing a decisive Continue Reading

Iraq’s oil production rose 1% in June from a month earlier, figures from state oil marketer SOMO showed July 7, as the country pumped slightly above its OPEC+ quota. Total Continue Reading

Lawmakers in Iraqi Kurdistan have approved amendments to the semi-autonomous region’s 2007 Oil and Gas Law, adding Cabinet Secretary Omed Sabah to the Oil and Gas Council, one day before Continue Reading

The Karkh Commercial Court in Baghdad has postponed a ruling on the validity of UK-listed Gulf Keystone’s contract with the Kurdistan Regional Government (KRG). “Today’s session is postponed until July Continue Reading