The Karkh Commercial Court in Baghdad purported to annul four of Iraqi Kurdistan’s oil contracts Monday, as the federal Oil Ministry intensifies its push to implement February’s landmark ruling against Continue Reading
Schlumberger, Baker Hughes and Halliburton are in the process of liquidating and exiting existing tenders and contracts in Iraq’s semi-autonomous Kurdistan region to be in compliance with a Federal Supreme Continue Reading
U.S. oilfield services companies Schlumberger (SLB.N) , Baker Hughes (BKR.O) and Halliburton (HAL.N) have pledged to comply with a federal supreme court ruling and withdraw from Iraq’s Kurdistan region, the Continue Reading
Baghdad court dealt a setback Sunday to the Kurdistan Regional Government’s (KRG) legal strategy of attempting to delay a federal lawsuit against seven international oil companies (IOCs) operating in Kurdistan. Continue Reading
‘These attacks are designed to undermine economic stability’. U.S. Department of State Spokesperson Ned Price has stated that the U.S. stands with its partners in condemnation of the repeated rocket Continue Reading
Workers operate a drilling rig at the West Qurna 2 oil field in Basra. (ALI ABU IRAQ/Iraq Oil Report) Two of the world’s biggest oil services companies have informed the Continue Reading
Highlights Plateau target reduced to 1.7 mil b/d from 2.1 mil b/d Field currently producing 1.4 mil b/d BP, PetroChina lead contractors Iraq has lowered the production plateau target of Continue Reading
A mortar shell fired from an undisclosed location landed within the perimeter of the Khor Mor gas field on Friday, the second attack in three days. The attack did not Continue Reading
The Kurdistan Regional Government’s (KRG) lawsuit against several federal Oil Ministry leaders was delayed Tuesday — the latest development in a series of legal battles over the implementation of February’s Continue Reading
A Baghdad court postponed the Oil Ministry’s lawsuit against international oil companies working in Iraqi Kurdistan for a third time on Monday, marking a further delay in a complicated legal Continue Reading
Highlights Smaller OSP hike for July versus other producers Cheaper Urals, Canadian grades weigh on Basrah demand Iraqi Basrah crude is likely to face stiff competition in the current trading Continue Reading
The Iraqi oil minister said on Sunday that Iraq would implement a ruling from its federal court in February in which it deemed a Kurdish oil and gas law unconstitutional. Continue Reading
Federal government following federal court ruling: Allawi Iraq’s top court ruled against KRG’s independent energy sector KRG to set up two new oil companies to stave off federal takeover Iraq’s Continue Reading
Iraq’s oil production fell for a second consecutive month in May with output declines from fields both under federal control and in the Kurdistan region. Overall total production decreased to Continue Reading
Amid an escalating dispute with the federal Iraqi government over the control of oil resources, the semi-autonomous region of Kurdistan is working to establish two companies that would produce and Continue Reading
Legal dispute beween the KRG and Baghdad could put all oil projects involving International Oil Companies at risk. A lack of legal clarity has been at the centre of this Continue Reading
The prime minister of Iraqi Kurdistan, Masrour Barzani, has been touting the autonomous region’s gas export capabilities as an alternative to Russian supply, but division between the region’s two main Continue Reading
Hussam al-Aqouli remembers the exact spot along southern Iraq’s Lake Sawa where his two daughters once dipped their feet into clear waters. Now he stands there two years on and Continue Reading
– The prime minister of Iraqi Kurdistan, Masrour Barzani, has been touting the autonomous region’s gas export capabilities as an alternative to Russian supply, but division between the region’s two Continue Reading
Iraq’s countrywide oil exports fell to an average 3.729 million barrels per day (bpd) in May, * a month-on-month decline of around 90,000 barrels per day. Despite the dip in Continue Reading
Eight months after national elections, Iraq still doesn’t have a government and there seems to be no clear way out of the dangerous deadlock. Political elites are embroiled in cutthroat Continue Reading
Iraq’s Oil Ministry is initiating legal action against international oil companies operating in the Kurdistan region — part of an escalating effort to implement the Federal Supreme Court’s landmark decision to invalidate Continue Reading
Iraq to further ramp up capacity to 8 mil b/d by 2028 Ihsan Ismaael has given conflicting timelines for capacity ramp-up Iraq is seeking IOC help to develop its fields Continue Reading
Salah Chelab crushed a husk of wheat plucked from his sprawling farmland south of Baghdad and inspected its seeds in the palm of one hand. They were several grams lighter Continue Reading
Iraq remains one of the most underdeveloped oil producers in the Middle East. EIA: Iraq holds a very conservatively estimated 145 billion barrels of proved crude oil reserves. At $2-3 Continue Reading
Iraq is suffering from an unusually large wave of Crimean-Congo hemorrhagic fever, a tick-born virus with a fatality rate of up to 40 percent. Case numbers are significantly higher than Continue Reading
Iraq’s state-run North Oil Company (NOC) has accused the semi-autonomous Kurdistan Regional Government (KRG) of deploying armed forces to control a handful of oil wells along its disputed boundary with Continue Reading
Iraq’s oil ministry thwarted three prospective deals last year that would have handed Chinese firms more control over its oilfields and led to an exodus of international oil majors that Continue Reading
A heavy sandstorm in Iraq, the latest of what Iraqis say is an unprecedented number to hit the country in recent weeks, closed some state schools and offices and halted Continue Reading
The Iraqi Kurdistan region’s fractious internal politics are threatening to derail the construction of a pipeline that could enable future natural gas exports to Turkey — a potential setback for Continue Reading
Med, NW Europe refineries replacing Urals with Basrah Medium, Basrah Heavy Asia taking more Russian crude as Europe turns away Medium sour Urals competes with many Middle Eastern crudes Iraq Continue Reading
A rocket attack Sunday night damaged a storage tank at a refinery complex in Erbil — highlighting what appears to be an escalating threat against the Iraqi Kurdish company KAR Continue Reading
An oil field near Zacho, Iraq. Iraq said it will start implementing a court ruling that gives the federal oil ministry oversight of Kurdish production after failed talks with officials Continue Reading
Iraq’s countrywide oil exports averaged 3.818 million barrels per day (bpd) in April,* a month-on-month increase of more than 200,000 bpd. Federal Iraqi exports averaged 3.380 million bpd, up from 3.245 Continue Reading
Iraq is encouraging the development of several oil fields in its ThiQar province. The Iraqi Drilling Company started work on the first of its 20 oil wells at the Nasiriya Continue Reading
Exports rise to 3.38 mil b/d in April from 3.244 mil b/d in March March federal exports had fallen 2.1% month on month Iraq’s OPEC+ quota rises to 4.414 mil Continue Reading
Kawigosk refinery was also near April 6 rocket strikes KRG has condemned attacks as intimidation from Iran Kurdish government aims to export gas to Turkey Six rockets struck the Khabat Continue Reading
Iraq is taking advantage of high global oil prices and its increasing OPEC-plus quota by ramping up production from three oil fields in Dhi Qar province. Output from the Gharraf Continue Reading
Western sanctions are creating new challenges for Russia in Iraq, according to several industry officials, who said Russian companies have had trouble making and receiving payments and faced hesitancy from Continue Reading
Western sanctions are creating new challenges for Russia in Iraq, according to several industry officials, who said Russian companies have had trouble making and receiving payments and faced hesitancy from Continue Reading
The port of Khor al-Zubair, built in the 1970s as an industrial and commercial port, has been repurposed to handle the import and export of oil products to meet Iraq’s Continue Reading
Iraq pumped 4.34 million b/d in March, just under cap: S&P Global survey OPEC+ production fell in March for the first time in a year: survey OPEC+ supply constraints have Continue Reading
Iraq’s federal government and Kurdistan region produced a combined 4.591 million barrels per day (bpd) of crude oil in March, a modest month-on-month increase. According to field-by-field data compiled by Continue Reading
A rise in oil product smuggling is contributing to fuel shortages in Iraq, as illicit traders take advantage of the massive spread between sky high global energy prices and heavily Continue Reading
An attack Sunday night caused an explosion in the vicinity of a key pumping station on Iraqi Kurdistan’s oil export pipeline, just four days after a rocket struck near a Continue Reading
A rocket attack on Wednesday night appeared to target a major oil refinery complex in Erbil operated by the Iraqi Kurdish company KAR Group. At least one rocket landed about Continue Reading
Attack near Kawirgosk oil field leaves no damage or casualties Rockets launch from Mosul in federal Iraq Incident follows March 13 attack on Kar Group compound Three Katyusha rockets targeted Continue Reading
Iraq’s federal government earned a record $11.07 billion in oil export revenues in March as global oil prices spiked as a result of Russia’s war on Ukraine. Preliminary estimates from Continue Reading
Russia has long been a thorn in the side of any and all attempts by the U.S. to adopt a constructive realignment of its relationship with Iraq. Iraq’s Oil Ministry Continue Reading
In office for nearly two years, Oil Minister Ihsan Ismaael has guided the ministry responsible for generating more than 90 percent of Iraq’s state revenues through periods of wildly fluctuating Continue Reading
