February exports fall sharply
Iraq’s oil exports in February appeared to fall by nearly 200,000 barrels per day (bpd) compared to the previous month.The country as a whole – including both federal Iraq and Continue Reading
Iraq Plans Offshore Oil and Gas Exploration to Boost Reserves
Iraq is planning to start offshore oil and gas exploration to boost the OPEC nation’s reserves, Oil Minister Jabar al-Luaibi said in a statement on Monday. Luaibi said he “gave Continue Reading
Inside the black heart of IS’s oil sector
On the Mosul outskirts, the IS group’s Iraqi oil refining hub – recently seized by Iraqi forces – shows how the militants used savvy management to fuel their killing machine. Continue Reading
One dead in Bai Hassan oil field bombing
Two IED attacks have hit northern Iraqi oil fields in the past week. Fire burns from an oil storage tank after a militant attack at the Bai Hassan South oil Continue Reading
Saudi Arabia and Iraq Crude Exports to US Hit Five-Year High
Crude oil imported to the United States from Saudi Arabia and Iraq combined has reached a peak not seen since 2012, but the U.S. Energy Information Administration says the volume Continue Reading
Kurdish government changes oil export options
A major player in the oil sector of the Kurdish north of Iraq said it was re-routing exports by government orders, but that won’t impact production levels. The semiautonomous Kurdistan Continue Reading
Oil Police expose potential Basra refinery threat
Oil Police arrested two men suspected of ties to the self-proclaimed Islamic State (IS) militant group Wednesday as they tried to enter the Shuaiba refinery complex in Basra.The men did Continue Reading
Rosneft Expands in Middle East With Libya and Iraq Oil Deals
Rosneft PJSC , the state-run producer headed by a close adviser of Russian President Vladimir Putin, is expanding its footprint in the Middle East by striking new oil deals with Continue Reading
Rosneft signs landmark deal to buy KRG crude
In a sign that Kurdistan’s oil sector is shedding some of its legal and political risk, KRG crude will now supply the refineries of Russia’s largest oil company. A tanker Continue Reading
Russia’s Rosneft starts drilling in Iraq
Russian oil producer Rosneft reported Monday it started new drilling operations in Iraq, alongside a Chinese contracting partner. Rosneft said it started a new exploration well, which according to state Continue Reading