Iraq’s highest court strikes down INOC
Iraq’s highest court has struck down the government order that created the Iraqi National Oil Company (INOC) two years ago, dealing a crippling setback to a nascent effort to restructure Continue Reading
Weatherford pledges to obey Baghdad’s blacklist and exit Kurdistan
Iraq’s Oil Ministry has removed four oil services firms from a blacklist, including U.S. company Weatherford, after they agreed not to seek new contracts in Iraqi Kurdistan — the latest Continue Reading
Oil exports back to normal rates after spillage at Iraq’s Basrah terminal
Oil loading and exporting operations from Iraq’s Basrah oil terminal are back to their normal rates after being halted on Friday due to a spillage, which has now been contained, Continue Reading
Oil Exports from Iraq’s Basra Port Stop—Repair Could Take Weeks
An oil spill has forced a shutdown of all crude oil exports from Iraq’s Basra Port, oil sector sources said on Friday, cited by Reuters. With four tanker berths, the Continue Reading
August production edges higher
Iraq’s nationwide oil production edged up slightly in August to 4.74 million barrels per day (bpd) from 4.72 million bpd in July, according to field-by-field data compiled by Iraq Oil Report. Continue Reading
IOCs double down on Kurdistan despite legal threats
Foreign oil companies operating in Iraq’s semi-autonomous Kurdistan region are ignoring a barrage of legal challenges to their businesses by Baghdad and are investing for the long haul, including activity Continue Reading
Iraq’s oil exports decline as northern sales slump
Iraq’s nationwide oil sales fell in August for the second consecutive month, declining to 3.667 million barrels per day (bpd).* Federal exports through the northern pipeline to Turkey dropped by Continue Reading
Iraq’s Instability Deepens Amid Political Paralysis and Clashes
On most days in the Iraqi capital, jackhammers and electric drills provide the soundtrack to a construction boom, with multistory restaurants taking shape and a new $800 million central bank Continue Reading
Is Iraq An Underappreciated Risk In Oil Markets?
Rising political turmoil in Iraq could soon threaten the country’s oil production, with some analysts suggesting that up to a million barrels per day could be taken offline. As well Continue Reading
Civil unrest raises risks for oil sector
Muqtada al-Sadr on Tuesday gave a speech condemning Monday’s violence and ordering his followers to stop even the peaceful protests that he had earlier ordered. Sadr’s followers appeared to obey Continue Reading