Iraq’s Oil Ministry is proposing the creation of a Kurdistan National Oil Company under federal ownership as a means of implementing a landmark court ruling that invalidated the legal foundations of Continue Reading
The U.S. has granted Iraq another 120-day sanctions waiver enabling continued cross-border imports of energy from Iran without triggering penalties, as efforts intensify to revive the 2015 nuclear deal that Continue Reading
Global markets are thirsty for Iraq’s oil, but infrastructure bottlenecks are likely to prevent the country from taking full advantage of high prices and a rising OPEC-plus quota. Iraq’s oil Continue Reading
Oil Minister Ihsan Ismaael’s efforts to resurrect the Iraqi National Oil Company (INOC) are facing increasing political opposition, raising doubts as to whether the fledgling company will survive in its Continue Reading
Prime Minister of Iraq Mustafa Al-Kadhimi and Iraq’s Kurdish Region Government Prime Minister, Masrour Barzani visit damaged areas after a missile attack by Iran’s Islamic Revolutionary Guard Corps (IRGC) during Continue Reading
West Qurna-2 has around 14 billion barrels of reserves in place. West Qurna 2 has long been able to produce a lot more than the 400,000 bpd it currently produces. Continue Reading
As Prime Minister Mustafa al-Kadhimi approaches the end of his term, Iraqi leaders are grappling with whether and how to continue his administration’s efforts to reform the economy. The government’s economic Continue Reading
Both sides have acknowledged a need for renewed dialogue, but they appear to be envisioning vastly different negotiations. Baghdad is seeking Erbil’s cooperation in implementing the Federal Supreme Court’s decision, Continue Reading
Iraq appears to be overcoming temporary outages at two southern oil fields and avoiding major disruptions to its overall oil production. The West Qurna 2 field — whose roughly 400,000 Continue Reading
Iraq exported 3.719 million barrels per day (bpd) in February,* up from January exports of 3.619 million bpd, with revenues reaching a new 10-year high as global oil prices rose to their Continue Reading
