Iraqi exports shoot to near-record levels
Federal Iraq earned more monthly oil revenue in November than it has since October 2014, due to rising oil prices and a nearly 5 percent jump in exports. The new Continue Reading
No easy solution for stranded Kirkuk crude
The Oil Ministry is considering a pipeline to link Kirkuk oil fields with domestic refineries, and issuing a tender for rebuilding the export pipeline to Turkey. Iraqi Oil Minister Jabbar Continue Reading
October production slides on Kirkuk upheaval
Oil production dipped across Iraq in October by about 113,000 barrels per day (bpd), as political and military conflict between the federal government and the Kurdistan Regional Government (KRG) took Continue Reading
OPEC’s No. 2 Producer Strains to Walk an Oil Pricing Tightrope
Iraq’s hitting a couple of speed bumps as it gears up for 2018 oil sales, after OPEC’s second-largest producer made unprecedented moves to sell one-off cargoes this year in addition Continue Reading
Iraq vetting Kirkuk oil pipeline overhaul options
The Iraqi oil ministry said Monday it was looking at documents related to the reconstruction of a crude oil pipeline extending north from Kirkuk. The ministry’s spokesman, Assim Jihad, said Continue Reading
Ministry envisions new contract model for exploration deals
Iraqi Oil Minister Jabbar al-Luieibi indicated Monday that the country will introduce significant changes to its next round of oil contracts. “The anticipated contracts with international oil companies represent an Continue Reading
Iraq plans new pipeline exporting Kirkuk oil to Turkey: oil ministry
Iraq plans to build a new pipeline that will ship oil from Kirkuk’s oilfields to the Ceyhan port in Turkey, the oil ministry said on Sunday. The new pipeline will Continue Reading
Iraq invites foreign bids for oil, gas blocks in new areas
Iraq on Monday invited foreign companies to bid for contracts to explore and develop oil and natural gas reserves in nine new blocks as the OPEC nation seeks to boost Continue Reading
Kurdistan’s Oil Exports Still Below Pre-Conflict Levels
Kurdistan’s crude oil exports increased in the past couple of days, but oil flows are still well below the levels seen before the independence referendum in the semi-autonomous region that Continue Reading
Iraq Wants To Build Gas Pipeline To Kuwait In Blow To Shell
In a bid to reduce gas flaring and pay off outstanding reparations for the 1990 invasion of Kuwait, Iraq has hired Japanese firm Toyo Engineering to help it build a Continue Reading