Federal Iraq posted its highest monthly export total to date in December and, combined with Kurdistan, set a nationwide annual record. Iraq’s oil sector finished its most prolific year in Continue Reading
Iraq said on Friday it was committed to the OPEC+ output-cutting deal and would keep its oil production at 4.513 million barrels per day for the first half of 2019. Continue Reading
Iraq’s oil ministry has said it will seek to hold the country’s crude production at 4.513 million b/d for the next six months, keeping the country in line with the Continue Reading
Federal Iraq posted its highest monthly export total to date in December and, combined with Kurdistan, set a nationwide annual record. An Iraqi worker gestures as he kisses an oil Continue Reading
Iraq’s oil exports averaged 3.726 million barrels per day (bpd) in December, a significant increase from the previous month, the oil ministry said on Wednesday. Exports from Iraq’s southern Basra Continue Reading
The Kurdistan Regional Government (KRG) is making progress toward achieving 24-hour electricity – taking advantage of rising natural gas production to help close the gap between power supply and demand. Continue Reading
Exports from Iraq’s northern Kirkuk oilfields to the Turkish port of Ceyhan will stay at between 80-90,000 barrels per day (bpd) as most of the crude produced is being diverted Continue Reading
The Syrian Civil War has gone through several phases over the course of seven years and it now appears to be entering another one. Government forces have regained control over Continue Reading
Iraq is willing to extend the OPEC and non-OPEC oil production cut agreement in April, oil minister Thamir Ghadhban said on Sunday. Ghadhban said he agreed with the Saudi oil Continue Reading
Kuwait and Iraq have chosen a consultant to assess areas with oil reserves on the border between the two countries and production policy will be decided based on the study, Continue Reading
Iraq is making progress in negotiations with ExxonMobil and the China National Petroleum Corp. (CNPC) for a multi-billion-dollar deal that is key to expanding the country’s oil production and export Continue Reading
The Trump administration has granted Iraq a new, 90-day exemption from sanctions targeting Iran, enabling Iraq to continue energy imports that account for about one-third of the country’s electricity supply. Continue Reading
Iraq has agreed on a deal with U.S. company Schlumberger Ltd to drill 40 wells in the giant Majnoon oilfield, the Oil Ministry said on Wednesday. Iraqi Oil Minister Thamir Continue Reading
Iraq has increased production at its southern Halfaya oilfield by 100,000 barrels per day (bpd) to a total of 370,000 bpd, an oil official told Reuters on Wednesday. Halfaya, operated Continue Reading
Iraqi Oil Minister Thamer Ghadhban said on Monday he expected the fall in oil prices to stop and for prices to rise over time, adding that if OPEC had not Continue Reading
Iraqi oil exports in November fell 80,000 b/d to 3.809 million b/d as an increase in flows from the Kurdistan region was offset by a fall in loadings from the Continue Reading
Iraq, OPEC’s second-largest oil producer and one of Iran’s largest trade partners might come to enjoy even longer sanction waivers from Washington than the eight countries that scored a 180-day Continue Reading
Improvised explosive devices (IED) were found in the vicinity of two oil fields in southern Iraq this week, a discovery that occurred in conjunction with a shooting at another oil Continue Reading
Even more cracks may be forming within OPEC, even as market pundits continue to analyze Qatar’s decision two days ago to withdraw from the oil producing cartel. Michael Cohen, head Continue Reading
Iraq’s revenues fell steeply, as the mid-month resumption of Kirkuk oil sales via Turkey was not enough to offset southern export disruptions and sinking oil prices. Nationwide exports fell by Continue Reading
Iraq’s revenues fell steeply, as the mid-month resumption of Kirkuk oil sales via Turkey was not enough to offset southern export disruptions and sinking oil prices. Nationwide exports fell by Continue Reading
Iran halted late on Tuesday gas exports to neighboring Iraq for several days, in order to repair pipeline damages caused by an earthquake near the Iraqi border on Sunday night, Continue Reading
Iraq is increasingly edging out resellers of its Basra crude grades on the spot market as its state oil marketing company SOMO aims to have greater share and control over Continue Reading
Iraq has allocated 67 percent of its 2019 oil sales to Asia, the country’s oil ministry said on Tuesday, as OPEC’s second-biggest producer aims to sell more of its oil Continue Reading
Power generation plummeted Tuesday after the shutdown of a pipeline carrying natural gas from Iran, which provides more than one-quarter of Iraq’s electricity feedstock. “The pipeline delivering gas to Iraq Continue Reading
Iraq’s crude oil exports from its southern ports on the Gulf stood at around 3.3 million barrels per day (bpd) so far in November, three oil executives said on Tuesday. Continue Reading
Iraq has approved a $156.74 million drilling deal with China’s Bohai Drilling Engineering Co. for the West Qurna Two oilfield, two Iraqi oil officials said on Tuesday. Under the 24-month Continue Reading
Iraq has allocated its oil sales for 2019, with 67 percent of exports going to Asian markets, 20 percent to Europe and 13 percent to North America, the oil ministry Continue Reading
The U.S. wants to use sanctions on Iran to pry Iraq out of Tehran’s orbit but fears it could weaken the country, which is only just emerging from a three-year Continue Reading
Iraq’s oil exports from the Kirkuk oil province could reach up to 400,000 bpd, higher than the 300,000-bpd exported before the halt last year, a Kurdish politician told Sputnik on Continue Reading
Iraq is set to bring long disrupted oil back online, adding fresh barrels to a market already weighed down by ample supplies across the globe. A little over a year Continue Reading
Iraq on Friday restarted exports of Kirkuk oil, halted a year ago due to a standoff between the central government and Kurdistan’s semi-autonomous region, after a new government in Baghdad Continue Reading
Iraq resumed on Friday oil exports from the Kirkuk province, a year after it had stopped oil flows from the area due to a dispute with the semi-autonomous Kurdistan region, Continue Reading
Iraq’s federal government has begun exporting oil through the autonomous Kurdistan Regional Government’s (KRG) pipeline to Turkey, under a temporary political agreement that could eventually add over 200,000 barrels per Continue Reading
An influx of militants from Syria is fueling the self-proclaimed Islamic State (IS) militant group’s ongoing guerrilla war in Iraq – underscoring the extent to which Iraqi security forces are Continue Reading
The US granted Iraq a 45-day waiver to sanctions on dealing with Iran to allow Baghdad to continue to pay for natural gas and electricity imports in the face of Continue Reading
Oil Minister Thamir Ghadhban, a longtime proponent of reconstituting the Iraqi National Oil Company (INOC), is pushing the Iraqi Cabinet to redraft the law that would govern the company. Iraq’s Continue Reading
Iraq plans to increase its oil output and export capacity in 2019, with a focus on its southern oilfields, and is close to reaching a deal with international companies, Oil Continue Reading
Iraq is in talks with international companies to help upgrade its oil production and export capacities and an agreement is to be reached soon, Iraqi Oil Minister Thamer Ghadhban said Continue Reading
As Iran sanctions went into effect today following President Donald Trump’s withdrawal from the nuclear accord, Washington has agreed to grant Iraq a key exemption that would spare it from Continue Reading
Kurdistan’s oil sector is on the upswing, with increasing volumes of crude flowing into a newly expanded 1 million barrel per day (bpd) export pipeline, just one year after the Continue Reading
Iraq ended its trucked crude to Iran nearly a month ago, multiple Iraqi oil officials told S&P Global Platts, likely leading to Washington turning its cheek to ongoing gas and Continue Reading
An oil export pipeline in Iraq’s semi-autonomous Kurdish region has been upgraded to a capacity of 1 million barrels per day from 700,000 bpd, the Kurdish regional government’s natural resources Continue Reading
Iraq’s new Cabinet has proposed $24 billion in spending increases in a 2019 draft budget sent to Parliament, marking a dramatic shift away from the austerity budgets initiated when the Continue Reading
Iraq’s new oil minister Thamer Ghadhban said on Wednesday the current price of crude was “fair” and that the country, OPEC’s second-largest producer, would act responsibly in providing ample supplies Continue Reading
With a week to go until U.S. sanctions on Iran’s oil snap back, it’s not only Iranian crude exports that the United States looks to cut. Iran’s neighbor Iraq currently Continue Reading
Iraq should be exempted from U.S. sanctions against Iran because of the heavy reliance of the former on the latter for gas and electricity supplies, a senior Iraqi official told Continue Reading
Veteran Ghadhban appointed new oil minister Iraq hoping to boost oil capacity to 8 million b/d by 2025 IEA upbeat on progress of gas capture plans Baghdad — Iraq’s appointment Continue Reading
Iraq will proceed with plans to increase oil and gas production capacity, Oil Minister Thamer Ghadhban said, according to an emailed statement from his ministry on Friday. Ghadhban is among Continue Reading
Former Iraqi Oil Minister Thamir Ghadhban will be nominated to return to the post, sources close to the ongoing government formation process told S&P Global Platts Wednesday. Prime Minister-designate Adel Continue Reading
