Adil Abd al-Mahdi was confirmed as Iraq’s fifth prime minister since the Coalition Provisional Authority late Wednesday, along with 14 of 22 Cabinet ministers, with more political wrangling to come. Continue Reading
Iraq is seeking to produce 7 million barrels of oil per day (bpd) through its newly established National Oil Company and to export 4 million bpd in 2019, Oil Minister Continue Reading
Iraqi Oil Minister Jabar al-Luaibi has issued a decree transferring the ownership of nine state-owned oil companies, including state oil marketer SOMO, from the oil ministry to the newly-formed National Continue Reading
The Qayarah oil field is continuing its resurgence, trucking its increasing production to both a nearby refinery and 960 kilometers south to the Khor al-Zubair port for export. Although the Continue Reading
The Nassiriya oil field’s associated gas treatment facility on Sept. 27, 2018. (Source: Dhi Qar Oil Company media office) Iraq is on track to gain about 340 million standard cubic Continue Reading
Iraq’s oil production continued to climb in September, as both the federal government and the autonomous Kurdistan region made incremental gains. Countrywide output averaged about 4.867 million barrels per day Continue Reading
Iraq’s Cabinet has named Jabbar al-Luiebi, the current oil minister, to head the new Iraqi National Oil Company (INOC) – giving new momentum to a fundamental restructuring of the country’s Continue Reading
Iraq is pursuing major infrastructure projects to add millions of barrels per day of export capacity, in an effort to keep pace with ambitious plans to raise production. In the Continue Reading
Basra — Lukoil’s massive new discovery in southern Iraq — part of the Russian firm’s sizable growth plans in the Middle Eastern country — will start production in 2021, the Continue Reading
Iraq has finished repairing the Ajil oilfield which had been torched by Islamic State militants, Oil Minister Jabar al-Luiabi said on Tuesday, adding that the asset was now producing 7,000 Continue Reading
The KRG’s two dominant political parties had been rebuilding a strategic partnership, but their bitter contest over the Iraqi presidency has injected new volatility into their rivalry. Barham Salih’s contentious Continue Reading
Reuters reports : Iraq’s agriculture ministry said on Thursday it would reduce its 2018-2019 winter crop planting area by 55 percent due to a water shortage. Iraq will grow around Continue Reading
Adil Abd al-Mahdi, Iraq’s former oil minister, was named prime minister designate on Tuesday, hours after Barham Salih, was elected president of Iraq in a political standoff. Their victories give Continue Reading
The presidency is a largely ceremonial position, but the vote begins a two-week countdown until the constitutional deadline, by which time a prime minister must be chosen to form the Continue Reading
Federal Iraq earned $7.912 billion in oil revenues in September, its highest take in 52 months, despite a small decrease in Basra Gulf exports. Nationwide, exports dropped nearly two percent Continue Reading
Iraq’s ministry of oil has published a very optimistic report on the country’s capability to ramp up production, but internal political issues could lead to a new crisis after this Continue Reading
Outside of northern Iraq’s fortified urban centers, insurgents have prevented resettlement in rural areas and are now causing residents to flee from villages previously considered safe. One year after the Continue Reading
On Friday the State Department announced it is evacuating all non-essential personnel from the US consulate in Basra, Iraq . The drastic move comes after a month of heavy anti-Iran Continue Reading
A major restructuring of Iraq’s oil sector appears to be delayed — and could possibly be derailed — by a legal challenge. Parliament Speaker Salim Jabouri (center) presides over a Continue Reading
Highlights SOMO exporting crude from this field Plans to reach 60,000 b/d by end-2018 Refinery tender still pending Amman — Production from northern Iraq’s Qayara oil field, which until last Continue Reading
Iraq depends on Iran for more than one-third of its power generation — a major sticking point as Washington prepares to re-impose sanctions. Iraq is negotiating with the U.S. for Continue Reading
A new report on Iraq’s oil production capability says a series of problems, including export bottlenecks caused by a lack of infrastructure, will continue to limit the country’s oil output Continue Reading
With more than 300,000 bpd of new capacity coming online this year, Iraq is well positioned to take market share as U.S. sanctions snap back on Iran. Iraq Oil Minister Continue Reading
Iraq’s oil production will only grow marginally over the next 10 years despite its potential capacity, which stands at as much as 7 million bpd, an analyst from IHS Markit Continue Reading
Highlights Kurdish deal would boost exports 400,000 b/d Progress on crude trading JVs with IOCs Baghdad — Iraq can increase oil production “immediately” to support the market ahead of the Continue Reading
Iraq’s Western-backed prime minister Haider Al-Abadi is facing growing domestic discontent as veiled criticism from the country’s top Shia cleric and violent street protests threaten his attempts to form a Continue Reading
Nationwide oil production grew steeply again in August, as the federal government continued to unlock field capacity in the wake of loosening OPEC constraints. Combined output from the federal government Continue Reading
Last week, rioters burned down several buildings in Basra, a major city in Southern Iraq and home to most of the country’s oil production. Despite its oil riches, southern Iraq Continue Reading
Iraq replaced Saudi Arabia in August as the top oil supplier to India, data from industry and shipping sources showed, as refiners turned to Iraqi barrels to compensate for a Continue Reading
London-listed independent operator and producer Gulf Keystone Petroleum said on Monday that it would resume investing in the Shaikan oil field in Iraq’s Kurdistan Region, aiming to boost production to Continue Reading
Islamic State militants have bombed an oil pipeline in Kirkuk, northern Iraq, the top security official of the Kurdistan government told local news outlet Rudaw. The terrorists launched two bombs Continue Reading
Violent protests in this oil-producing city have dealt a fateful political blow to pro-American Prime Minister Haider al-Abadi, all but ending his bid for a second term as both allies Continue Reading
Demonstrations flared in Basra this month after thousands fell ill because the water supply was contaminated, and intensified last week after several protesters were killed. Protesters burned the offices of Continue Reading
The Baiji refinery, taken offline by the war with the self-proclaimed Islamic State (IS) militant group in 2014, has partially resumed operations. The 70,000 barrel per day (bpd) Salahaddin-2 unit Continue Reading
Rioters attacked the building after days of violent protests Protesters have torched the Iranian consulate in the southern Iraqi city of Basra amid large protests against corruption and lack of Continue Reading
Civil unrest fueled by anger against perceived corruption and misrule by Iraq’s political elite spread across the south of the country on Friday as protesters stormed the Iranian consulate in Continue Reading
Rioters burned down several buildings including those belonging to political parties in Basra on Thursday as protests continued to escalate into broader civil unrest, increasing the threat to the heart Continue Reading
Despite the fact that production and export figures presented by Iraqi sources are showing a significant improvement, optimism should be tempered. Iraq continues to head towards a major showdown between Continue Reading
Iraq continues to head towards a major showdown between the two main political rival blocks, led by Prime Minister Al Abadi and former PM Al Maliki. Both are currently in Continue Reading
Iraqi authorities braced for a fresh round of violent protests Wednesday after security forces killed six demonstrators over the last two days during angry marches in the southern city of Continue Reading
The recent killing of a protester fueled renewed anti-government demonstrations in Basra city and around several oil fields, some of which turned deadly. Deadly fighting has broken out between protesters Continue Reading
Terminals in the Basra Gulf and Kurdistan-controlled Ceyhan in August combined for a record average of 4.028 million barrels per day (bpd) of oil exports, representing a 4 percent increase Continue Reading
Iraq’s oil exports for August hit their highest monthly figure this year, the oil ministry said Saturday, with nearly 112 million barrels of crude bringing $7.7 billion to the war-torn Continue Reading
Terminals in the Basra Gulf and Kurdistan-controlled Ceyhan in August combined for a record average of 4.028 million barrels per day (bpd) of oil exports, representing a 4 percent increase Continue Reading
OPEC’s second-largest producer, Iraq, boosted its southern crude oil exports to a new record high of 3.583 million b/d in August, according to the latest oil ministry data. Receive daily Continue Reading
OPEC will discuss in December whether producers can compensate for a sudden drop in Iranian oil supply after U.S sanctions against Tehran start in November, the head of Iraq’s state-oil Continue Reading
Iraq is waiting in the wings, ready to increase its crude oil exports in anticipation of slipping Iranian oil exports waiting only on the go-ahead from OPEC, acting director-general of Continue Reading
Kuwait expects to soon sign deals on the development of the oil fields that it shares with its neighbors Saudi Arabia and Iraq, official Kuwait News Agency (KUNA) quoted Oil Continue Reading
Oil exports from southern Iraq are on course to hit another record high this month, two industry sources said, adding to signs that OPEC’s second-largest producer is following through on Continue Reading
Iraq’s state-run Basra Oil Company and Chevron agreed to begin implementing a memorandum of understanding to develop fields in the south of the country, the Iraqi oil ministry said on Continue Reading
