Iraq is barely committed to OPEC deal, data show
Iraq, one of the leading producers in OPEC, continues to be among those doing the least to support an agreement credited with supporting oil prices, data show. The Organization of Continue Reading
Iraqi Court To Hear Oil Export Argument With Kurds In May
Normalizing relations between the Iraqi central government and Iraqi Kurdistan will take a new twist beginning in May when Iraq’s top court starts hearings on the issue with officials from Continue Reading
Kurdistan oil lawsuit moves forward
Iraq’s Federal Supreme Court will finally hear a six-year-old case on the fundamental constitutional conflicts that underpin Baghdad-Erbil oil disputes. Iraq’s highest judicial authority will soon hear a long-delayed case Continue Reading
Tax Income Earned ISIS Much More Than Oil Smuggling
Contrary to what has been assumed so far, black market oil sales were not the only and not even the largest revenue stream for ISIS, an investigation of The New Continue Reading
Iraq Unveils Plan To Diversify Away From Oil
Iraqi Prime Minister Haider Al Abadi on Sunday unveiled an ambitious plan to end its dependence on oil through building up its private sector over the course of just five Continue Reading
Iraqi oil exports increased in March
Data show March exports from Iraq, one of OPEC’s top producers, at an average of 3.4 million barrels of oil per day were slightly higher than the previous month. March Continue Reading
Iraq cabinet approves raising crude oil output capacity
The Iraqi cabinet on Sunday approved a plan to raise the nation’s crude oil output capacity to 6.5 million barrels per day by 2022, according to a government statement. Iraqi Continue Reading
Big Oil Expresses Interest In 11 Iraqi Oil & Gas Fields
Sixteen companies—including Big Oil’s Exxon, Chevron, and Total—have expressed interest in taking part in Iraq’s bidding round on April 15, which will award the rights to develop 11 oil and Continue Reading
Iraq’s Oil Reserves May Be Much Higher Than Thought
Iraq’s crude oil reserves may turn out to be much higher than believed, the country’s oil minister Jabar al-Luaibi said at a recent industry event, timing the statement with news Continue Reading
IOCs scramble to analyze new contract model
The Oil Ministry has shortened the deadline for its fifth bidding round, giving companies just days to evaluate big changes to the contract model. Iraqi oil officials lead the first Continue Reading