Iraq’s crude exports averaged 3.390 million b/d in March, little changed from February, but average crude prices plunged 45%, the oil ministry said Wednesday. Receive daily email alerts, subscriber notes Continue Reading
The committee proposed Kurdish oil be marketed by Baghdad It also recommended salary cuts, lower spending Delaying payments of foreign debt was also suggested Dubai — Iraq’s economic parliamentary committee Continue Reading
Iraq, OPEC’s second-largest oil producer, is selling its crude at an average of $20/b and plans to talk to international oil companies about their payments and contracts, the country’s oil Continue Reading
Iraq, one of the oil producers worst hit by the oil price crash, is proposing that all foreign oil firms operating in OPEC’s second-largest producer cut their budgets by 30 Continue Reading
The US on Thursday again extended a waiver allowing Iraq to import Iranian electricity and natural gas despite US sanctions, Morgan Ortagus, a State Department spokeswoman, said in a statement. Continue Reading
Petronas withdraws all foreign staff due to COVID-19; Iraq can replace the lost production with spare capacity at other fields. In mid-July 2019, workers from the state-owned Iraqi Drilling Company Continue Reading
Petronas issued the following statement about the Gharraf evacuation Wednesday evening: In view of the COVID-19 pandemic and as a precautionary measure to ensure the health, safety and well-being of Continue Reading
Iraq’s president designated a former provincial governor with American citizenship as prime minister, drawing criticism from Iran’s allies in the country amid renewed tensions between Washington and Tehran. President Barham Continue Reading
Al-Qaim is in a flashpoint area along the Iraq-Syria border The US army is pulling out of al-Qaim and two other key military bases in Iraq in the coming weeks. Continue Reading
Regulations for oil and gas companies in Kurdistan reinforce standing WHO recommendations. KRG Prime Minister Masrur Barzani (far right) chairs a meeting of government officials in response to the coronavirus Continue Reading
U.S. President Donald Trump has authorized the U.S. military to respond to Wednesday’s rocket attack by Iran-backed militia in Iraq that killed two American troops and a British service member, Continue Reading
Iraq will suffer more than most Middle East oil producers amid a Saudi-led price war that is flooding the market with cheap crude as OPEC’s second largest producer is already Continue Reading
Iraq’s oil production rose 3% in February to 4.5 million b/d, the country’s oil marketer SOMO said Monday, confirming another month of output above its OPEC+ quota of 4.46 million Continue Reading
Iraq has closed five land borders with Iran, Iran’s Irna news agency reported. However, the Islamic Republic of Iran Customs Administration (IRICA) announced Sunday that this is a temporary closure Continue Reading
Iraq needs a positive impetus to leave behind the travails of 2019 – the widespread demonstrations, the geopolitical flare-up engendered by the assassination of Major General Soleimani in Baghdad, the Continue Reading
On the walls of Basra children’s cancer hospital hang photos of some of the youngsters who’ve been treated there. Most are smiling. Some of the portraits have a black stripe Continue Reading
The new coronavirus (COVID-19) outbreak is posing a serious challenge to Iraq and its oil sector at a crucial moment of political transition. So far, senior health officials said, five Continue Reading
Iraq’s federal crude oil exports, which excludes the semi-autonomous Kurdish region, rose 3.3% in February from a month earlier on increased shipments from southern terminals in OPEC’s second-largest oil producer, Continue Reading
Iraq’s crude production and exports are unaffected by the COVID-19 outbreak, which has spread to OPEC’s second-largest oil producer, the spokesperson for the oil ministry told state-run Iraqi News Agency Continue Reading
Iraq shut schools and universities on Tuesday and told citizens to avoid mass gatherings, as it rushed to prevent the spread of the coronavirus from its neighbor Iran, hit by Continue Reading
In mid January, a week after Bashir Murad was named as a deputy director general of the North Oil Company (NOC) with administrative authority to act as de facto director Continue Reading
Iraq’s parliament is expected to convene on Wednesday to vote on granting confidence to the new cabinet of Prime Minister-designate Mohammad Allawi, first deputy speaker Hasan al-Kaabi said, the state-run Continue Reading
Thousands of barrels of oil per day are flowing from Syria into Iraq’s semiautonomous Kurdistan region, in an opaque trade that has served for several years as a financial lifeline Continue Reading
Iraqi forces are increasing security around southern oil fields and facilities in Basra province as OPEC’s second-largest oil producer continues to grapple with protests demanding political and economic change. Iraqi Continue Reading
Iraqi forces are increasing security around southern oil fields and facilities in Basra province as OPEC’s second-largest oil producer continues to grapple with protests demanding political and economic change. Iraqi Continue Reading
Iraq’s prime minister-designate Mohammed Allawi said he will name members of his cabinet this week, including the oil minister, pending approval of parliament on his choices of ministers for OPEC’s Continue Reading
When senior officials at many Chinese oil and services companies working in Iraq departed in January, it was a routine rotation timed with the Chinese New Year holiday – until Continue Reading
The US has again extended a waiver allowing Iraq to import Iranian electricity and natural gas despite US sanctions, a US State Department spokesman said Wednesday. “The US has granted Continue Reading
The United States is inclined to extend the waiver to Iraq to continue importing electricity and natural gas to Iran, which are vital to Iraq’s energy needs, three senior Iraqi Continue Reading
Internal divisions in Iraq’s autonomous Kurdistan Regional Government (KRG) have broken into the open, as rival factions feud over a contract to transport liquefied petroleum gas (LPG) from the Khor Continue Reading
Iraq’s top Shi’ite Muslim cleric on Friday condemned deadly violence that killed protesters at sit-ins this week in the southern holy city of Najaf and said a new government must Continue Reading
Hind Al Soulia – Riyadh – Iraq’s political turmoil and the prospect – albeit still remote – of future US sanctions have triggered a warning from one of the country’s Continue Reading
Populist Iraqi cleric Moqtada al-Sadr urged his followers on Sunday to help security forces clear roads blocked during months of sit-in protests, calling for a return to normal life after Continue Reading
Iraq’s crude exports, excluding the semi-autonomous northern Kurdish region, fell 3.5% in January from the month before, according to government data. Separately, the country’s president named a new prime minister Continue Reading
A diplomatic balancing act has grown more challenging and risky in the month since Soleimani’s assassination. Kurdistan Democratic Party (KDP) leader Massud Barzani (r), meets with Iranian Recent hostilities between Continue Reading
New Prime Minister Mohammed Tawfiq Allawi appealed to downtrodden Iraqis for their support on Saturday hours after his appointment by President Barham Salih, but protesters were already rejecting the head Continue Reading
The Al Ahdab oil field in Iraq has resumed oil production after a week’s suspension that followed protests from security guards at the field, Bloomberg reports . Production has resumed Continue Reading
Iraqi government security forces on Saturday took back ground from protesters in Baghdad and Basra, in an apparent bid to quell the demonstrations that have lasted for nearly four months Continue Reading
Iraqi security forces fired teargas and live bullets in clashes on Sunday with protesters angered by high-level corruption who resisted with stones and petrol bombs, Reuters witnesses and security sources Continue Reading
Iraqis flocked to join anti-government protests after an influential cleric withdrew his support and security forces moved to quash the four-month-old uprising. A wave of students headed to protest sites Continue Reading
Nearly two years after awarding development and exploration deals in a bidding round to foreign oil companies , Iraq’s Cabinet on Thursday authorized the Oil Ministry to sign all six Continue Reading
A suspected militia rocket attack on the U.S. Embassy in Baghdad wounded one person late Sunday, officials said, underscoring the growing risks to personnel there amid calls for an end Continue Reading
The Pentagon said on Friday that 34 service members had been diagnosed with traumatic brain injury following missile strikes by Iran on a base in Iraq earlier this month, a Continue Reading
As it struggles with its energy needs, Iraq is set to hold a fifth bidding round for exploration and development of natural gas fields in an eastern province of the Continue Reading
Iranian-backed Shi’ite factions have exhorted Iraqis to turn out for a “million-strong” march on Friday aimed at whipping up anti-American sentiment as the United States’ struggle with Iran plays out Continue Reading
Despite OPEC constraints, Iraq set an all-time record for production in 2019 while building significant, new spare capacity. Iraqi Drilling Company staff complete a rehabilitation of the Mansuriya-2 well in Continue Reading
UK-based supemajor BP has withdrawn from the Kirkuk oilfield in northern Iraq after its field study contract expired, and no deal was signed for a potential expansion, likely because of Continue Reading
Iraq may have serious problems in securing its energy needs if the United States doesn’t extend a waiver for an Iraqi bank to process payments for Iraq’s imports of electricity Continue Reading
Escalating protests in Iraq have led to a halt in production at the Al Ahdab oil field, which pumps some 70,000 bpd, Bloomberg reports , citing an unnamed source from Continue Reading
Over and above its OPEC+ deal quota – with which it has only ever been marginally acquainted, at best – Iraq’s ambition to dramatically increase its oil production is now Continue Reading
