Iraq has informed farmers of a ban on planting rice and other water-intensive crops in the face of increasing shortages because of drought and shrinking river flows. A letter from Continue Reading
Iraq’s oil production in May rose to its highest level so far this year, as the country seeks to take advantage of strong oil prices. In combination, the federal government Continue Reading
Iraq will look at whether to increase oil output if OPEC decides to lift production at a meeting on June 22, the country’s oil minister said on Monday. Jabar al-Luaibi Continue Reading
OPEC and allies should not bow to the pressure to increase production to offset supply disruptions, Iraq’s Oil Minister Jabbar al-Luiebi said on Monday, adding that unilateral decisions could be Continue Reading
Iraq has started shipping crude oil through its Iraqi Oil Tankers Company (IOTC) for the first time since 1991, the oil ministry said on Wednesday. The two million barrel cargo Continue Reading
Parliament retroactively amended Iraq’s election law Wednesday to require a full manual recount of the May 12 voting results, adding new uncertainty to an already volatile political landscape. The legislation Continue Reading
Some newly elected Iraqi lawmakers, linked with populist Shiite cleric Moqtada al-Sadr whose alliance won the elections last month, are not sure that Baghdad’s participation in the OPEC production cut Continue Reading
Iraq’s Oil Ministry is denying that it has activated an agreement to export crude oil from Kirkuk to Iran, even though several Iraqi officials and an Iranian state news outlet Continue Reading
A crude oil swap deal between Iran and Iraq, which was supposed to begin in mid-April, has started, Iran’s Shana agency reported yesterday, as quoted by Reuters. Under the deal, Continue Reading
Iraq’s Federal Supreme Court has given the Kurdistan Regional Government (KRG) until June 27 to formally provide answers to court queries, including arguments to support its claims that its autonomous Continue Reading
Iraq’s crude exports rose nearly 5 percent last month, from 3.62 million barrels per day (bpd) in April to 3.8 million bpd in May, as tanker loading rates increased from Continue Reading
Iran started oil swap arrangements with Iraq’s Kirkuk Sunday after resolving logistical issues, the oil ministry news service Shana reported Sunday. Kirkuk oil was unloaded from tanker trucks into tanks Continue Reading
Russia’s Rosneft has discovered a new oil field in southwestern Iraq, the company said. The first well in the field, named Salman, was drilled at over 4,000 meters and it Continue Reading
Iraq signed a 25-year contract Wednesday with the China ZhenHua Oil Company to develop the southern part of the East Baghdad field, building on the company’s oil production and sales Continue Reading
Iraqi Prime Minister Haider al-Abadi met with Moqtada al-Sadr on Saturday, less than 24 hours after the Shi’ite cleric’s bloc was declared winner of Iraq’s parliamentary election, the clearest sign Continue Reading
Iraq’s election on May 12 has upended the political landscape in the country. The incumbent Prime Minister, Haidar Al Abadi, lost the election as voters favored Iraqi nationalist Moqtada al-Sadr, Continue Reading
As if heightened tensions in Syria and Yemen and increased divisions in the U.S-Iran and Iran-Israel relations were not enough, a surprise—albeit still preliminary—election result in OPEC’s second-largest producer Iraq Continue Reading
Russia’s second-biggest oil producer, Lukoil, has signed a development plan for the West Qurna-2 oil field in Iraq with local Basra Oil Company, targeting to double oil production from the Continue Reading
Iraqis are heading to the polls this Sunday to elect their next government, which is most likely to be a coalition—a change that could see delays in new oil projects Continue Reading
Iraqis have begun voting in parliamentary elections that will shape the country’s trajectory as it looks to rebuild and attract investment after its devastating four-year battle with Isis. The poll Continue Reading
Iraqis go to the polls Saturday in a general election which could reshape its oil ministry and delay output expansion projects in OPEC’s second-largest member. With no political bloc expected Continue Reading
Iraq has lifted oil production at Eni’s Zubair field in the south by 50,000 barrels per day (bpd) to 475,000 bpd, an Iraqi oil official said on Wednesday. Production rose Continue Reading
Iraq has signed an agreement with supermajor BP that would triple the oil production from the Kirkuk oil fields in northern Iraq to more than 1 million bpd, Iraq’s Oil Continue Reading
Iraq’s state-run North Oil Company signed an agreement with BP on Monday to triple output from the Kirkuk fields in the north of the country, Oil Minister Jabar al-Luaibi said. Continue Reading
The Oil Ministry has expanded the scope of its Kirkuk deal with BP to include major oil assets currently managed by the autonomous Kurdistan Regional Government (KRG) – adding a Continue Reading
Iraq failed to attract investment from the top global energy companies in its oil and gas exploration/development contract auction on Thursday, with no major firms winning any bids and only Continue Reading
No international oil major won any exploration and development contracts in Iraq’s Thursday auction of 11 oil and gas blocks, as the bidding attracted just one—unsuccessful—bid by a major company, Continue Reading
A day before a fifth fields auction, Iraq’s sole successful gas field thus far from a previous bidding round is readied to supply much-needed gas to power plants. SIBA – Continue Reading
Iraq’s crude exports from its southern region on the Gulf averaged 3.5 million barrels per day so far in April, two oil executives told Reuters on Wednesday. Reporting by Aref Continue Reading
In the village of Fariq, southeast of Kirkuk, the militants of the self-proclaimed Islamic State (IS) group entered the local mosque with an air of casual confidence that shocked the Continue Reading
Iraq reported March export levels were more or less on par with the average so far this year, which would suggest its compliance with an OPEC-led effort to balance the Continue Reading
Last October, at the height of a political crisis in Iraq’s Kurdistan region, a letter arrived at the Iraqi oil ministry in Baghdad from Igor Sechin, head of Kremlin oil Continue Reading
An important oil industry contract between Exxon and Iraq could fall through, throwing a wrench in the works of Iraq’s oil industry expansion, Reuters reports , citing sources close to Continue Reading
Talks between Exxon Mobil ( XOM.N ) and Iraq on a multi-billion-dollar infrastructure contract have reached an impasse, Iraqi officials and two industry sources said, in a potential setback to Continue Reading
Imports of Iraqi Basrah Light crude into the Louisiana Offshore Oil Port so far in April have risen by more than 4.4 million barrels from the same period in March, Continue Reading
The Hashd al-Shaabi paramilitary organization in Iraq is smuggling crude from fields around Kirkuk to Iran, an Iraqi MP told Kurdistan 24, a local news outlet. The Shia organization is Continue Reading
Ending a de-facto policy of economic independence, KRG Prime Minister Nechirvan Barzani promises public-sector salaries that can only be sustained with Baghdad subsidies. Iraqi Prime Minister Haider al-Abadi (center) and Continue Reading
Iraq has pushed back this month’s auction to award the rights to develop 11 oil and gas fields to international companies with ten days, after it amended some of the Continue Reading
Kurdish oil player Gulf Keystone Petroleum said its finally turned a profit. Photo courtesy of Gulf Keystone Petroleum April 11 (UPI) — With a crude oil sales agreement in hand, Continue Reading
Oil slicks in the Basra Gulf reveal that Iraq’s export ambitions may be putting too much pressure on outdated pipelines. Iraqi Deputy Oil Minister Karim Hattab inspects the Khor al-Amaya Continue Reading
Iraq, one of the leading producers in OPEC, continues to be among those doing the least to support an agreement credited with supporting oil prices, data show. The Organization of Continue Reading
Normalizing relations between the Iraqi central government and Iraqi Kurdistan will take a new twist beginning in May when Iraq’s top court starts hearings on the issue with officials from Continue Reading
Iraq’s Federal Supreme Court will finally hear a six-year-old case on the fundamental constitutional conflicts that underpin Baghdad-Erbil oil disputes. Iraq’s highest judicial authority will soon hear a long-delayed case Continue Reading
Contrary to what has been assumed so far, black market oil sales were not the only and not even the largest revenue stream for ISIS, an investigation of The New Continue Reading
Iraqi Prime Minister Haider Al Abadi on Sunday unveiled an ambitious plan to end its dependence on oil through building up its private sector over the course of just five Continue Reading
Data show March exports from Iraq, one of OPEC’s top producers, at an average of 3.4 million barrels of oil per day were slightly higher than the previous month. March Continue Reading
The Iraqi cabinet on Sunday approved a plan to raise the nation’s crude oil output capacity to 6.5 million barrels per day by 2022, according to a government statement. Iraqi Continue Reading
Sixteen companies—including Big Oil’s Exxon, Chevron, and Total—have expressed interest in taking part in Iraq’s bidding round on April 15, which will award the rights to develop 11 oil and Continue Reading
Iraq’s crude oil reserves may turn out to be much higher than believed, the country’s oil minister Jabar al-Luaibi said at a recent industry event, timing the statement with news Continue Reading
The Oil Ministry has shortened the deadline for its fifth bidding round, giving companies just days to evaluate big changes to the contract model. Iraqi oil officials lead the first Continue Reading
