U.S. airstrikes lower oil production to 21,000 barrels a day U.S.-led air strikes and territorial gains by forces allied with Russia and Iran have cut Islamic State’s monthly revenue by Continue Reading
Dozens of militants are dying every week, sowing paranoia among their ranks. But as the group embeds itself deeper into the city, residents say they are also suffering – from Continue Reading
Iraqi-focused energy company Gulf Keystone Petroleum said its operations may start to decline without a focus on capital spending. Photo courtesy of Gulf Keystone Petroleum LONDON, April 14 (UPI) — Continue Reading
Military strikes on oil lines controlled by terrorist groups in Iraq and Syria cutting into their financial life line, White House spokesman Josh Earnest says. Pictured, a pair of U.S. Continue Reading
Iraqi and Iranian officials began laying a natural gas pipeline across the Shatt al-Arab waterway dividing the two countries – a concrete step toward implementing a plan to fuel Basra Continue Reading
Jabbar Allibi, a former director general of Iraq’s South Oil Company (SOC), has been proposed as Iraq’s next oil minister, as part of Prime Minister Haider al-Abadi’s second attempt to Continue Reading
For the first time, international companies will be paid for oil production stemming from Iraq’s new generation of exploration contracts. Ahmed Haider Ahmed, business development manager of Kuwait Energy, drops Continue Reading
Iraq increased crude output to a record level in March, ahead of a meeting in Qatar of OPEC members and other producers on capping production to curb a global glut. Continue Reading
With the city under siege, an estimated 90,000 residents are threatened by starvation, indiscriminate shelling and IS brutality – and they cannot leave. View full article at iraqoilreport.com
Oil tankers are caught in a traffic jam near the Iraqi port of Basra, causing delays in loading. According to Reuters , around 30 very large crude carriers (VLCCs) are Continue Reading
