Future growth at Iraq’s largest oil field hinges on unresolved plans for meeting the project’s massive demand for new water supplies. Iraq’s largest oil field, accounting for nearly one-third of Continue Reading
Iraq has been at the center of many a Middle East conflict in the region’s contemporary history. The country has endured years of violence since the U.S. led invasion in Continue Reading
The Cabinet threw political weight behind the Southern Iraq Integrated Project, injecting momentum into negotiations over a massive infrastructure deal that is critical to Iraq’s production and export growth. Iraqi Continue Reading
Senior American officials said on Monday that new threats by Iran against United States troops in Iraq were behind the sudden deployment of an aircraft carrier strike group and Air Continue Reading
Iraq’s oil minister said on Sunday his country was committed to an OPEC-led crude output cut, which has supported prices and would not decide unilaterally on any production boost to Continue Reading
Iraq’s crude exports remained steady from March to April, as the federal government and the autonomous Kurdistan Regional Government (KRG) combined for oil sales of 3.858 million barrels per day Continue Reading
Iraq is facing a water crisis. Last summer the city of Basra fell sick. More than 100,000 people were rushed to hospital after being poisoned by the city’s water supply. Continue Reading
The central Iraqi government will meet with its Kurdish counterparts soon to talk about oil exports from the now semi-autonomous region that tried to gain independence last year. Reuters reported Continue Reading
Iraq will play a crucial part in meeting global oil demand over the next decade, according to a new report from the International Energy Agency (IEA). Iraq is expected to Continue Reading
Gas developments in Iraq will overtake oil projects in 2019, measured in resources sanctioned for development, according to analysis from Rystad Energy. New developments are on track to triple the country’s Continue Reading
The Kurdistan Regional Government (KRG) is stepping up its crackdown on illegal oil refineries. Under orders from Prime Minister Nechirvan Barzani, equipment at these operations will be impounded to ensure Continue Reading
A perfect storm of factors — OPEC cuts, bad weather in the Basra Gulf, and flooding — caused Iraq’s output to fall by more than 4 percent. Iraq’s oil output Continue Reading
Iraqi Prime Minister Adel Abdul-Mahdi traveled to Saudi Arabia this week and met with King Salman, in a sign of deepening relations between two countries that for years had no Continue Reading
Iraq is set to build an oil refinery of 150,000 bpd processing capacity in the northern city of Kirkuk, according to Iraqi Oil Minister Thamer Ghadhban. The ministry said that Continue Reading
The Basra Provincial Council has voted to hold a referendum on creating a new federal region, as local politicians reopen an old populist playbook in response to enduring anger over Continue Reading
When the super-giant Majnoon oil field was threatened by flooding, it wasn’t just the state-run Basra Oil Company (BOC) that sprang into action – it was also Hadi al-Amiri, the Continue Reading
Iraqi Prime Minister Adil Abd al-Mahdi and Kurdistan Regional Government (KRG) Prime Minister Nechirvan Barzani ignored a request to sign key pleadings in a landmark court case – a sign Continue Reading
With production already constrained by OPEC cuts, Iraq’s exports dipped even further as three days of bad weather disrupted Basra Gulf tanker loadings. A worker checks the valve gears of Continue Reading
raq’s oil exports fell month-on-month to an average of 3.377 million barrels per day (bpd) in March, the Oil Ministry said on Monday, as poor weather interrupted loadings and producer Continue Reading
Chinese refiners yet to fully secure Venezuelan crude supply for Q2 Basrah spot differentials rally amid tight heavy crude supply Independent refiners also eye heavy sour Canadian grades Singapore — Continue Reading
Iraq’s total oil production fell by about 70,000 barrels per day (bpd) in February as the government took measures to cut output in line with an OPEC agreement. The federal Continue Reading
Security forces at the Alaas field in northern Iraq have thwarted an attack by Islamic State militants, killing and injuring several attackers, Iraqi media report citing a statement from the Continue Reading
Iraq risks losing over 100,000 bpd of production as flood waters overcome failing infrastructure. An aerial view on March 18, 2019, of a dirt berm north of the Majnoon oil Continue Reading
Premium for Iraqi crude continue to strengthen this month highlighting the supply tightness in medium, heavy sour crude supply seen globally since disruption of exports from Venezuela. Receive daily email Continue Reading
Another 90-day waiver allows for critical power purchases as Iraq tries to balance relations between rival powers. Iraqi Prime Minister Adil Abd al-Mahdi meets with U.S. Secretary of State Mike Continue Reading
n southern Iraq, where the Euphrates and Tigris rivers meet, the Fao peninsula was once known for its swathes of henna plants and palm trees. But the lush greenery of Continue Reading
Iraq’s federal government has roughly doubled the amount of its monthly transfer to the autonomous Kurdistan Regional Government (KRG) — a sign of a deepening relationship of interdependence between Baghdad Continue Reading
Iraq and China are set to finalize a major bilateral agreement that would give investors access to roughly $10 billion worth of financing. The deal is likely to accelerate the Continue Reading
Iraqi Oil Police fought a two-hour gun battle with smugglers tapping a remote well in the Jambur oil field this week, the latest incident in an uphill battle the Iraqi Continue Reading
At least six paramilitary fighters died in an insurgent ambush on Wednesday – the latest incident highlighting a problematic security vacuum in Iraq’s disputed territories. Despite recent efforts to improve Continue Reading
Iraq maintained near-record high levels of oil exports in February, with overall sales averaging 3.996 million barrels per day (bpd). The export total includes 3.621 million bpd by the federal Continue Reading
Issuing yet another delay in the seven-year-old proceedings, Iraq’s chief justice appeared to question whether there is still an active constitutional dispute. Iraq’s Federal Supreme Court at the Aug. 14, Continue Reading
Of all the oil projects in Iraq, the Bashiqa exploration block – which straddles the line of control between the autonomous Kurdistan region and the federal government – is perhaps Continue Reading
One week after the Kurdistan region stopped all crude and fuel traffic to Iran, the order has been revised and exports have resumed. Tanker trucks have resumed exports to Iran, Continue Reading
The Kurdistan region’s two leading political parties have stumbled in their efforts to implement an agreement to form a new government in Erbil and elect a new governor of Kirkuk. Continue Reading
Three months into his tenure, Oil Minister Thamir Ghadhban has reshuffled his senior staff – his first major initiative to put his imprint on the structure of the ministry. In Continue Reading
Iraq’s autonomous Kurdistan Regional Government (KRG) issued an order Thursday to end all oil and refined product exports to Iran immediately. The directive will stop the flow of hundreds of Continue Reading
In light of an OPEC quota agreement, Iraq has made steep cuts at state-run fields, but those reductions are being offset by long-planned increases at IOC-operated projects. Iraqi Oil Minister Continue Reading
Kurdistan’s two dominant political parties have made a breakthrough in their long-running negotiations to form the next Kurdistan Regional Government (KRG) — talks that also aim to decide the governorship Continue Reading
Energy relations between Iraq and Iran are increasingly coming under pressure from the US government, which has forced OPEC’s second largest producer to end a crude supply deal with its Continue Reading
Two attacks by the Islamic State in Iraq occurred this weekend, targeting oil police and other security forces, local media report . “One member of an oil police unit died Continue Reading
Iraqi crude sales in January hit their second-highest monthly average ever, as the federal government and autonomous Kurdistan Regional Government (KRG) combined for 4.081 million barrels per day (bpd), according Continue Reading
Basra Oil Co,. the state-owned operator of the huge Majnoon field in Iraq, plans to boost production from it to 450,000 bpd by 2021 by drilling 40 new wells, Reuters Continue Reading
Authorities in the Iraqi government and the autonomous Kurdistan region are struggling to address the worsening problem of endemic smuggling from Kirkuk oil fields, where thousands of barrels are stolen Continue Reading
Iraq’s Parliament passed a 2019 budget law Thursday – breaking through political gridlock by authorizing massive increases in spending, including new revenue guarantees for the autonomous Kurdistan region. The new Continue Reading
Iraq’s Federal Supreme Court is seeking more information from both sides in a landmark, seven-year-old case before ruling on legal challenges to the autonomous Kurdistan Regional Government’s (KRG) independent oil Continue Reading
Iraq’s Federal Supreme Court ruled on Wednesday that several articles of a law to revive the Iraqi National Oil Company (INOC) were unconstitutional – effectively sending the government back to Continue Reading
Iraq’s oil sector ended a record-setting year with its most prolific single month of crude production ever. Overall crude output from fields controlled by both the federal government and the Continue Reading
BASRA (Reuters) – Iraq plans to raise output from its southern Majnoon oilfield to 290,000 barrels per day (bpd) by the end of 2019 and to 450,000 bpd by the Continue Reading
Iraq is significantly narrowing the scope of impending deals with two international companies that had been competing for massive, long-term contracts, as the Electricity Ministry sharpens its focus on the Continue Reading
