Choking on oil fires, Qayarah strains to recover
At noon, the sky is so dark with smoke that cars drive down Qayarah’s main road with their headlights on. People walk with their heads down, masks or scraps of Continue Reading
Iraq lures investors to boost its oil output as OPEC debates cuts
Flames emerge from a pipeline at the oil fields in Basra, southeast of Baghdad, Iraq October 14, 2016. REUTERS/Essam Al-Sudani/File Photo As OPEC gathers in Vienna next month to consider Continue Reading
Major IS counter-attacks foreshadow new insurgency
Even as they lose ground around Mosul, IS militants showed their capacity for guerilla warfare, deploying 100-man squads to exploit security gaps in Kirkuk and Anbar. Kirkuk police and Peshmerga Continue Reading
Iraq seeks OPEC deal that would preserve oil output
The OPEC logo is seen outside their headquarters in Vienna, Austria, October 24, 2016. Iraq told a top OPEC official on Tuesday of its hope that the group could reach Continue Reading
Is ISIS Giving Up On Oil?
Iraqi oil field Since the Iraqi army drove out Islamic State forces from the oil-rich towns of Shargat and Qayyarah last month, ISIS has lost its ability to produce oil Continue Reading
Oil prices drop as Iraq says doesn’t want to join OPEC cut
Oil prices fell early on Monday as Iraq said it wanted to be exempt from any deal by producer cartel OPEC to cut production to prop up the market, and Continue Reading
Iraq prepares for OPEC quota fight
Gearing up for a tough confrontation with OPEC next month, Iraq says it won’t cut oil production and if OPEC wants to impose production limits, it will only agree to Continue Reading
Iraq To Offer Oil Fields Directly To Foreign Firms
The Iraqi oil ministry will negotiate directly with international oil companies (IOCs) and consortiums in the upcoming bidding of a dozen small- to medium-sized fields located in the provinces of Continue Reading
Iraq says should be exempted from OPEC output freeze
Iraq’s Oil Minister Jabar Ali al-Luaibi said on Sunday his country should be exempted from output restrictions as it was fighting a war with Islamic State. “We are fighting a Continue Reading
Iraq Balks at Joining OPEC Cuts, Making Output Deal Harder
Country says it pumped 4.7 million barrels a day in September OPEC cuts shouldn’t be at Iraq’s expense: Minister Al-Luaibi OPEC’s second-largest producer threw an obstacle in the group’s path Continue Reading