Iraq joins global vaccine alliance as cases rise
Iraq is joining a global alliance to procure future COVID-19 vaccines — a longer-term measure to combat a pandemic that is likely to worsen in the meantime. “I don’t expect Continue Reading
Oil minister reshuffles Basra Oil Co. and other posts
Oil Minister Ihsan Ismaael has given a deputy director general of the Basra Oil Company (BOC) the authorities to lead the country’s most important state-run oil company — part of Continue Reading
Iraqi oil production rises despite OPEC pressure to cut
Nationwide crude output increased in August, led by IOC-operated fields, as Iraq balances OPEC pledges against tough financial realities. Dhi Qar Oil Company workers at the Suba oil field on Continue Reading
Iraq Ships More Crude Oil Despite OPEC Output Cut Pledge
Iraq has shipped more crude oil abroad so far this month, tanker-tracking data compiled by Bloomberg showed, even though OPEC’s second-largest producer has promised time and again in recent months Continue Reading
Iraq Falters in Push to Meet OPEC+ Quota as Crude Exports Rise
Iraq is exporting more crude so far in September than it shipped last month, a sign that the country is falling further behind in efforts to comply with its OPEC+ Continue Reading
Cash-Strapped Iraq To Finally Roll Out Refinery Megaproject
Iraq’s Ministry of Oil and Ministry of Industry and Minerals held a series of meetings over the past week to kick-start the multi-billion dollar Nebras petrochemical plant development project, originally Continue Reading
Iraq names new leaders for national oil company and other key economic posts
Ten advisors or allies to Iraqi Prime Minister Mustafa al-Kadhimi have been named to run crucial banking and security institutions in a move that consolidates strategic authority as Kadhimi attempts Continue Reading
Iraq Could Seek An Exemption From OPEC+ Output Cuts
Iraq is debating whether to ask to be exempted from the oil production cuts OPEC+ agreed on this April. Initially set at 9.7 million bpd, the cuts have now been Continue Reading
Baghdad Asks Kurdistan To Cut Oil Production
The federal Iraqi government has asked the Kurdistan Regional Government to reduce oil production by 120,000 bpd, Reuters reported , citing the Iraqi News Agency. The federal government is negotiating Continue Reading
IRAQ DATA: Aug crude output falls, but SOMO says KRG caused OPEC+ non-compliance
Highlights Iraqi production, including KRG, averaged 3.578 mil b/d Quota, including compensation cut, was 3.404 mil b/d SOMO says KRG only 79% compliant with agreed cut London — Iraq lowered Continue Reading
U.S. to Cut Its Force in Iraq to About 3,000 Troops, Commander Says
The Trump administration will cut the number of U.S. troops in Iraq to about 3,000 this month, a top military commander said in the country on Wednesday, a reduction from Continue Reading
Iraq’s semiautonomous Kurdish region could not comply with Baghdad’s oil cuts request: official
Iraq’s semiautonomous Kurdish region could not comply with Baghdad’s request to cut output by 120,000 b/d due to financing needs, but implemented a lesser reduction, a Kurdish minister told Iraq’s Continue Reading
Iraq in talks with Italy’s ENI to build $4 billion refinery near Zubair field: oil minister
Iraq is in talks with ENI to build a 300,000 b/d refinery at an estimated cost of $4 billion near the Zubair oil field operated by the Italian company in Continue Reading
Security operation kicks off in Iraq’s oil hub
Iraqi security forces are fanning out across Basra province after months of violence, including assassinations of protesters and civil society activists and from tribal and business disputes. The operation was Continue Reading
Jordan to Resume Importing Iraq Oil After Halting Due to Virus
Jordan will resume imports of crude oil from its Middle East neighbor Iraq this month after suspending shipments due to the coronavirus. Imports of about 10,000 barrels a day will re-start Continue Reading
Iraq moves toward restructuring oil sector with INOC law revisions
Cabinet and Oil Ministry legal teams have proposed amendments to the 2018 law to re-constitute the Iraqi National Oil Company, after Iraq’s highest court deemed many articles unconstitutional. A worker Continue Reading
IRAQ DATA: August crude oil exports show it may be close to meet OPEC+ cuts
Iraq’s oil exports slipped to a five-year low in August, indicating its compliance with OPEC+ production cuts may be improving. Receive daily email alerts, subscriber notes & personalize your experience. Continue Reading
Iraq Eyes OPEC+ Extension Request
Iraq said it may seek a two month extension to implement the extra production cuts it’s carrying as part of the OPEC+ deal. (Bloomberg) — Iraq said it may seek Continue Reading
Iraq Looks To Be Exempted From OPEC+ Cuts In Q1 2021
Iraq has asked OPEC to be exempted from oil export cuts in the first quarter of 2021, the oil minister of OPEC’s second-largest producer and the least compliant member of Continue Reading
Iraq wants to be exempt from OPEC export cuts in Q1 2021: oil minister
Highlights OPEC+ cuts apply to output, not exports Country discussed exemptions in three meetings with OPEC Iraq is among worst offenders in quota busting this year Dubai — Iraq is Continue Reading
Iraq’s Crude Oil Exports Drop In August
Iraq’s crude oil exports fell in August compared to July, as OPEC’s second-largest producer is reducing supply in an attempt to comply with the OPEC+ production cut pact, which it Continue Reading
Iraq’s August oil exports lower on tighter OPEC+ compliance
Iraq’s oil exports, excluding those from the semi-autonomous Kurdish region, fell 6% in August from July, the oil ministry said Sept. 1, signaling tighter compliance with its OPEC+ quota. Not Continue Reading
Iraq Struggles To Restart Damaged Refineries
Still struggling to overcome the draining consequences of almost ceaseless conflict and political haggling, Iraq has nevertheless managed to overcome the worst of the 2020 oil market slump in its Continue Reading
U.S. Pushes Iraq To Cut Energy Dependence On Iran
The U.S. work to have Iran’s influence on Iraq’s energy sector reduced made progress last week when Iraqi Prime Minister Mustafa Al-Kadhimi visited Washington for high-level meetings with President Donald Continue Reading
Analysis: Iraq-US energy deals a mixed bag with more waivers for Iranian imports excluded
Iraq’s recent energy deals with US companies were a mixed bag of loose agreements that need to be translated into firm commercial terms at a time when Washington failed to Continue Reading
With U.S. Backing, Iraq Pushes for Energy Rapprochement With Saudis
The Trump administration is urging Iraq to proceed with a project to connect its power grid with Saudi Arabia and other Gulf states, among steps to reduce Baghdad’s longstanding dependency Continue Reading
Iraq may lower reliance on Iranian gas, electricity next year: deputy prime minister
Iraq could lower its reliance on Iranian gas and electricity imports next year if OPEC’s second-largest oil producer can implement multi-billion deals signed with US companies and attract Saudi investments, Continue Reading
With U.S. Backing, Iraq Pushes for Energy Rapprochement With Saudis
But now the parties are moving toward sealing and executing the component deals, which would mark a major rapprochement between Iraq and former Arab adversaries who clashed in the 1991 Continue Reading
Iraq targets 7 mil b/d oil capacity, zero gas-flaring, imports by 2025
Iraq is targeting to reach an oil production capacity of 7 million b/d, compared with 5 million b/d currently, and to stop flaring gas as well as importing fuel from Continue Reading
Iraq may lower reliance on Iranian gas, electricity next year: deputy prime minister
Iraq could lower its reliance on Iranian gas and electricity imports next year if OPEC’s second largest oil producer can implement multi-billion deals signed with US companies and attract Saudi Continue Reading
Trump redoubles vow to withdraw troops from Iraq; eyes prospects for oil deals
U.S. President Donald Trump on Thursday redoubled his promise to withdraw the few U.S. troops still in Iraq, but said Washington would remain ready to help if neighboring Iran took Continue Reading
Iraqi ports company defends tanker business against the Basra Oil Co.
An attempt by the Basra Oil Company (BOC) to take over logistics operations of Iraq’s offshore oil facilities in the Basra Gulf has led to a rift with Iraq’s ports Continue Reading
Iraq dangles energy deals ahead of Kadhimi-Trump meeting
Chevron would negotiate a joint venture with Iraqi state companies for exploration rights in southern Iraq — a deal that could set a positive tone during a state visit to Continue Reading
July production falls to five-year low as Iraq pledges deeper OPEC cuts
Iraq shaves 200,000 bpd since June, as the Oil Ministry promises compliance with OPEC-plus. Rumaila workers at degassing station 3 on July 29, 2020. (ALI AL-AQILY/Iraq Oil Report) Iraq’s monthly Continue Reading
Iraq to Sign Memorandum With Chevron to Explore For Oil
Attendees stand near Chevron signage during the World Gas Conference. Iraq plans to sign a memorandum of understanding with Chevron Corp. to explore for oil in the country’s southern province Continue Reading
Chevron Pursues Exploration Deal in Iraq
An abundance of fossil fuels combined with advances in technology to harness wind and solar power has sent energy prices crashing around the world. WSJ explains how it all happened Continue Reading
Baghdad-Erbil revenue deal back on track
Iraq’s federal government and semi-autonomous Kurdistan Regional Government have agreed on a revenue-sharing deal, ending more than three months of deadlock and opening the way for Baghdad to restart vital Continue Reading
Chevron Pursues Exploration Deal in Iraq
On the sidelines of the visit, U.S. and Iraqi officials also intend to unveil progress toward finalizing natural-gas and power-technology deals with Honeywell International Inc., HON -0.95% General Electric Co., Continue Reading
Public spat hampers border-focused Baghdad-Erbil budget deal
Negotiators from Iraq’s federal government and semi-autonomous Kurdistan Regional Government (KRG) are seeking a breakthrough revenue-sharing deal by pursuing a compromise on long-standing disputes over border crossings — a shift Continue Reading
Baghdad heat is world’s climate change future
This city roars in the summertime. You hear the generators on every street, shaking and shuddering to keep electric fans whirring as the air seems to shimmer in the heat. Iraq Continue Reading
SOMO says Iraq’s July oil output steady, misses OPEC+ cuts target
Iraq’s oil output in July, including flows from the semi-autonomous Kurdish region, remained steady compared with June as the country missed its target to comply with OPEC+ cuts and also Continue Reading
Analysis: Iraq-US energy ties, once seen as oil deal bonanza, mired in geopolitics
Iraq’s energy ties with the US, which were supposed to yield oil deals following the 2003 invasion, have been whittled down to waivers to OPEC’s second-biggest producer to import Iranian Continue Reading
OPEC’s No.2 Drags Down Output Cut Compliance Rate
Since the landmark deal that saw OPEC+ agree to cut nearly 10 million barrels per day of oil production to clear the global gut created by the coronavirus pandemic and Continue Reading
Iraq Promises Major Oil Output Cuts To Offset Poor Compliance
OPEC’s second-largest producer, Iraq, is promising additional cuts of around 400,000 barrels per day (bpd) this month in order to compensate for the lack of compliance with the OPEC+ agreement Continue Reading
Shell to return to Basra with new head
Shell personnel will return to the Basra Gas Company (BGC) joint venture consortium next week, following their evacuation from Basra due to a payment dispute that nearly turned violent in Continue Reading
Record heat, politics inflame Iraq’s electricity shortages
In Iraq’s oil-rich south, the scorching summer months pose painful new choices in the age of the coronavirus: stay at home in the sweltering heat with electricity cut off for Continue Reading
In heat-struck Iraq, power shortages prompt protests
In Iraq’s oil-rich south, the scorching summer months pose painful new choices in the age of the coronavirus: stay at home in the sweltering heat with electricity cut off for Continue Reading
Record heat, politics inflame Iraq’s electricity shortages
Laith Jabbar, a gas station worker drinks water in Basra, Iraq, on Monday, July. 27, 2020. As temperatures soar to record levels this summer, Iraq’s power supply falls short of Continue Reading
Iraq to Be ‘Forced’ to 100% OPEC+ Compliance, Oil Minister Says
Iraq will be forced into 100% compliance with the OPEC+ deal in August and September as the producer group loses patience with the laggard, the country’s oil minister said on Continue Reading
Iraq’s July oil exports hit five-year low, but revenues rise
Iraq’s nationwide crude exports fell in July to 3.192 million barrels per day (bpd), their lowest monthly average since 2015, as the Oil Ministry continued to throttle back output in Continue Reading