In Breakaway Move From Saudis, Iraq May Change Oil Pricing
In a bid to increase oil revenues and possibly setting the stage for its own benchmark crude grade, Iraq has told customers it may change the way it prices Basra Continue Reading
Garraf oil field attacked
Attackers opened fire with machine guns and a rocket-propelled grenade (RPG) near a gas-oil separation station at the Garraf oil field in southern Dhi Qar province Friday evening. The characteristics Continue Reading
Iraq plans to shift Basra crude price benchmark for Asia from January
Iraq has informed its customers that it plans to change its price benchmark for Basra crude in Asia to DME Oman futures from January, the country’s latest move to reform Continue Reading
Former Exxon advisor likely to succeed ousted Basra governor
In the wake of a scandal that led to the sudden resignation of Basra’s governor, Taha al-Tamimi has emerged as the top candidate to lead Iraq’s oil capital. Basra’s then-governor, Continue Reading
Turkey Expands Influence In Kurdish Energy Sector
Over the past 12 years, Turkish energy companies have moved into the Kurdish energy sector at great pace in line with the sector’s rapid expansion under the semi-independent government in Continue Reading
With a wary eye on Iran, Saudi and Iraqi leaders draw closer
It was an unusual meeting: An Iraqi Shi’ite Muslim cleric openly hostile to the United States sat in a palace sipping juice at the invitation of the Crown Prince of Continue Reading
Kurdish oil player sees steady production course ahead
Gulf Keystone Petroleum sees its legacy embedded in the Kurdish north of Iraq with 40 million barrels of production. Photo courtesy Gulf Keystone Petroleum Aug. 14 (UPI) — Production from Continue Reading
Saudis ready to export more oil to Iraq
After discussions on compliance with an OPEC-led effort to balance the market, Saudi Arabia’s energy minister said Iraq could be the target for more exports. Saudi Arabia and Iraq are Continue Reading
Iraq’s Kurds maintain Sept. 25 as date for independence referendum, Kurdish official says
Iraq’s Kurds will maintain their plan to hold a referendum on independence on Sept. 25, despite a U.S. request to postpone it, a high-ranking Kurdish official told Reuters on Saturday. Continue Reading
Rivers of crude spill from IS smuggling operation
Militants from the self-proclaimed Islamic State (IS) are continuing to steal oil from Iraqi fields in the mountains of Salahaddin province, in a primitive operation that has created a massive Continue Reading