New IS offensive lights more Qayarah wells on fire
Security forces repel attack, but new wellhead fires are emitting noxious smoke and choking civilians who had just begun to resettle. A NASA image from Oct. 4 that shows wellheads Continue Reading
Payback to oil traders cripples KRG’s finances
Kurdistan’s oil income fell for the fourth consecutive month in September, as oil traders clawed back old debts and stopped providing new advances.The government’s net revenue is slumping even though Continue Reading
Iraq Opens Up To Agencies On Output Ahead Of OPEC Wrangles
Iraq will later this month host influential bodies that assess oil production levels, ahead of an OPEC meeting when the topic will become even hotter as members jostle over allocations. Continue Reading
Iraq: More Bombings Rock Capital
Two bombings killed at least two people and wounded around a dozen others in the Iraqi capital of Baghdad on Oct. 4, police sources said, Rudaw reported. The attacks come Continue Reading
Iraqi Oil Staffer Gunned Down By Militants In Kirkuk
The North Oil Company of Iraq lost a high-level staff member Monday evening when a group of unidentified militants gunned him down in Kirkuk, according to a police official quoted Continue Reading
Exclusive: U.S. helped clinch Iraq oil deal to keep Mosul battle on track
Shuttle diplomacy by the United States’ envoy to the anti-Islamic State coalition brokered an oil deal between Iraq and its Kurdish region vital to a climactic battle with the jihadists, Continue Reading
Basra: Hopes of Iraq’s oil capital going up in flames
When Munir started out as an oil contractor in Basra in 2007, Iraq was under occupation and suffering a brutal insurgency. Even that, he laments, was better than what he Continue Reading
Oil exports tick up in September, but revenue declined
Crude exports from southern Iraq ports increased month-on-month, with loadings further bolstered by new Kirkuk sales from Ceyhan as Baghdad-Erbil deal enters second month intact. Tugboats position a single point Continue Reading
Billions in IMF loans hinge on better 2017 budget, auditors
The International Monetary Fund is broadly happy with Iraq’s efforts at meeting requirements of a $5.3 billion loan, including its improved performance on IOC payments, but has asked for a Continue Reading
Iraq posts modest but sustained oil gains
OPEC’s number two oil producer is on track to increase exports by more than 7 percent this year, while it battles to buoy investor sentiment amid a damaging fiscal crisis.Senior Continue Reading