‘Back-slider’ Iraq keeps oil export levels steady
Iraq reported March export levels were more or less on par with the average so far this year, which would suggest its compliance with an OPEC-led effort to balance the Continue Reading
The great Russian oil game in Iraqi Kurdistan
Last October, at the height of a political crisis in Iraq’s Kurdistan region, a letter arrived at the Iraqi oil ministry in Baghdad from Igor Sechin, head of Kremlin oil Continue Reading
Exxon, Iraq at Odds on Major Oil Contract
An important oil industry contract between Exxon and Iraq could fall through, throwing a wrench in the works of Iraq’s oil industry expansion, Reuters reports , citing sources close to Continue Reading
Exxon faces setback in Iraq as oil and water mix
Talks between Exxon Mobil ( XOM.N ) and Iraq on a multi-billion-dollar infrastructure contract have reached an impasse, Iraqi officials and two industry sources said, in a potential setback to Continue Reading
Basrah Light imports rebound on rising refinery run rates: In the LOOP
Imports of Iraqi Basrah Light crude into the Louisiana Offshore Oil Port so far in April have risen by more than 4.4 million barrels from the same period in March, Continue Reading
Iraqi Shia Militia Smuggles Oil Into Iran
The Hashd al-Shaabi paramilitary organization in Iraq is smuggling crude from fields around Kirkuk to Iran, an Iraqi MP told Kurdistan 24, a local news outlet. The Shia organization is Continue Reading
Pressured by protests, KRG seeks Baghdad bailout
Ending a de-facto policy of economic independence, KRG Prime Minister Nechirvan Barzani promises public-sector salaries that can only be sustained with Baghdad subsidies. Iraqi Prime Minister Haider al-Abadi (center) and Continue Reading
Iraq Delays Major Oil Auction After Amending Contract Terms
Iraq has pushed back this month’s auction to award the rights to develop 11 oil and gas fields to international companies with ten days, after it amended some of the Continue Reading
Kurdish oil player turns its first profit
Kurdish oil player Gulf Keystone Petroleum said its finally turned a profit. Photo courtesy of Gulf Keystone Petroleum April 11 (UPI) — With a crude oil sales agreement in hand, Continue Reading
Iraq exports hit infrastructure ceiling
Oil slicks in the Basra Gulf reveal that Iraq’s export ambitions may be putting too much pressure on outdated pipelines. Iraqi Deputy Oil Minister Karim Hattab inspects the Khor al-Amaya Continue Reading