Royal Dutch Shell has sold its 20-percent stake in Iraq’s West Qurna-1 oil field to Japan’s Itochu Corporation, and Iraq has approved the transaction, a senior Iraqi oil official told Continue Reading
Despite a non-binding Parliament vote, the ministry indicated it will take a practical approach to continue working with the Iraqi Kurdish company enmeshed in northern Iraq’s oil sector. Acting Kirkuk Continue Reading
Iraqi oil ministry said a Maysan oil refinery contract should be executed within the next 30 days. File photo by Oskari Porkka/Shutterstock Jan. 8 (UPI) — The implementation of an Continue Reading
After Iraq’s federal forces recaptured the oil fields in Kirkuk in October, the Iraqi Parliament voted on Monday to ban Kurdish engineering company Kar Group from operating Kirkuk’s oil fields. Continue Reading
Iraq’s parliament voted on Monday to ban Kurdish engineering firm Kar Group from operating Kirkuk’s oilfields, following Iraq’s recapture of the Kurdish-held oil region in October. The Kurds have withdrawn Continue Reading
The non-binding directive against the Iraqi Kurdish oil firm KAR Group further weakens the prospect of renewed Baghdad-Erbil oil cooperation. Iraqi security forces at the Bai Hassan oil field on Continue Reading
Iraq will start exporting oil from the northern Kirkuk fields to Iran before the end of January, Iraqi Oil Minister Jabar al-Luaibi told reporters on Sunday in Baghdad. About 30,000 Continue Reading
It is both the best and worst of times for the current Iraqi oil market. Iraqi oil minister Jabbar al-Luaibi said this week that Iraqi oil fields in the south Continue Reading
U.S. companies are eager to strengthen bilateral cooperation with Iraq in all industry sectors, especially in oil and gas, the Iraqi Ministry of Oil said on Thursday after U.S. Ambassador Continue Reading
Kurdistan’s fourth-quarter exports plummeted after Baghdad’s takeover of Kirkuk-area fields, but independent oil sales have risen modestly due to recent production increases. Oil tanks at Turkey’s Mediterranean port of Ceyhan, Continue Reading
