Oil companies working in northern Iraq have been called on to assist with a reconstruction campaign that began after liberation from ISIS, the oil minister said. Iraqi Oil Minister Jabar Continue Reading
A number of oil exporting countries have suggested a six-month extension to the oil supply cut deal agreed by OPEC countries and non-OPEC crude producers, Iraqi oil minister Jabar al-Luaibi Continue Reading
After the steady buildup of a burgeoning strategic partnership between the Russian national oil company and Kurdistan’s Regional Government (KRG), the year 2018 threw cold water on the ambitious plans Continue Reading
Iraqi oil exports could fall by over 300,000 b/d next month due to maintenance on one of the country’s four single-point moorings in the Persian Gulf. The oil ministry will Continue Reading
A decision by Royal Dutch Shell to boost its divestment strategy by leaving one of the larger oil fields in Iraq is a sign of investment risk, an analyst said. Continue Reading
Three months ahead of Royal Dutch Shell’s scheduled departure as operator of the Majnoon oil field, Iraq has signed two stopgap contracts with international companies to manage the project. U.S.-based Continue Reading
KRG Minister of Natural Resources Ashti Hawrami (center left) and Majid Jafar, CEO of Crescent Petroleum and a director of Dana Gas (center right), sign a Gas Sales Agreement on Continue Reading
Iraq’s oil production rose slightly in February, mostly due to increases at the country’s two most prolific fields, Rumaila and Zubair. Fields in federal Iraq and the autonomous Kurdistan region Continue Reading
Iraq agreed to pay the salaries of the Kurdistan region’s civil servants and security forces, a spokesman for the government said on Monday. “The federal finance ministry transferred a cash sum Continue Reading
Norwegian energy company DNO set the bar high Wednesday for its operations in the Kurdish north of Iraq by committing to beat all of its rivals combined. “We are committed Continue Reading
Iraq is inviting companies to bid to build a 70,000-bpd oil refinery near the town of Haditha in the Anbar governorate, the oil ministry said on Thursday. Investors willing to Continue Reading
The China ZhenHua Oil Company, a subsidiary of state-owned arms manufacturer Norinco, is poised to make two new investments in Iraq’s oil sector. The company is forming a new oil Continue Reading
Iraq, OPEC’s second-largest producer of crude, is hitting a roadblock in the next phase of expanding its oil production capacity as the appetite of international energy firms for investing in Continue Reading
The Bai Hassan oil field and the Avana Dome of the Kirkuk field have started initial runs of production, five months after they were shut in following a federal military Continue Reading
Iraq aims to reduce its oil product imports by 25 percent as it is seeking to refurbish and restart oil refineries after it expelled ISIS from its territory, Iraq’s Oil Continue Reading
The International Monetary Fund (IMF) is throwing its weight behind objections raised by the autonomous Kurdistan region over Iraq’s 2018 budget – a dispute that now threatens Baghdad’s ability to Continue Reading
Iraq plans to launch a new Basrah Medium crude export grade in a bid to help stabilize the quality of its existing Basrah Heavy and Light export grades as more Continue Reading
Russian oil giant Rosneft could be the key in the talks between the Iraqi government and Kurdistan for the full resumption of oil exports from the semi-autonomous region, Reuters reported Continue Reading
New legislation could restructure the oil sector, creating a new executive body for field management and limiting the Oil Ministry to strategic policy and regulatory functions. Iraq’s Parliament voted Monday Continue Reading
Iraq’s Parliament approved the 2018 budget on Saturday, despite an ongoing boycott by Kurdish lawmakers demanding a larger share of allocations. The government intends to spend 104 trillion Iraqi dinars Continue Reading
Iraq’s oil ministry said the country produced an average total of 4.36 million b/d of crude oil in January, down just 2,000 b/d from December, and putting it just above Continue Reading
Southern Iraq oil sales slightly decreased compared to January, but Kurdistan exports from storage pushed nationwide monthly averages up. A worker checks the valve gears of pipes linked to oil Continue Reading
The government cannot control large swaths of territory, as Islamic State insurgents solidify footholds and launch attacks targeting security forces and energy infrastructure. Iraqi forces drive past an oil production Continue Reading
The rehabilitation of a pipeline from northern Iraq could be in the cards for global oil companies, Iraq’s oil minister said at talks with a Russian company. Iraqi Oil Minister Continue Reading
The two sides reached an accord that is expected to lead to the restart of oil flows through a Kurdish pipeline to Turkey, which has been shut down since last Continue Reading
Kurdistan’s export pipeline to Turkey is the key to unlocking stranded Kirkuk production, but Baghdad, Erbil, and Ankara cannot agree on terms. Iraqi Prime Minister Haider al-Abadi (center) and Oil Continue Reading
France’s oil and gas major Total is interested in bidding for the construction of a 150,000-bpd oil refinery in Nassiriya in Iraq, Reuters reported on Tuesday, citing two sources familiar Continue Reading
Baghdad is open to business with any company interested in supporting the country, Iraqi Foreign Minister Ibrahim al-Jafari said in Moscow on Wednesday, answering a question about the activities of Continue Reading
Iraq’s Basra Oil Co is preparing to tender for a water injection project vital to increase its oil production capacity if talks with Exxon Mobil fail, the head of the Continue Reading
Iraq has agreed a deal with the semi-autonomous Kurdistan Regional Government to resume crude oil exports through its pipeline to Turkey, halted since last July, local media quoted Prime Minister Continue Reading
An Iraqi-Iranian oil swap deal under which Iraq would truck 60,000 bpd of Kirkuk oil to Iran in exchange for Iranian oil to southern Iraq cannot be currently fully implemented Continue Reading
Iraq is in talks with Chevron Corp about the Majnoun oilfield, an Iraqi oil ministry official said on Tuesday. The official, Abdul Mahdi al-Ameedi, head of the ministry’s licensing and contracts Continue Reading
French oil major Total is interested in bidding to build the greenfield 150,000 barrels per day Nassirya oil refinery in Iraq, according to two sources familiar with the matter. The refinery Continue Reading
Iraq’s oil production remained strong in January, averaging about 4.548 million barrels per day (bpd), roughly in line with the trend that rounded out 2017 as a breakout year . Continue Reading
Iraqi Oil Minister Jabar al-Luaibi planning a visit to Turkey to discuss getting oil flowing again to a port on the Mediterranean Sea. Photo courtesy of the Iraqi Oil Ministry. Continue Reading
Iraq has boosted refining activity in the past year by at least 60,000 barrels per day (bpd), thanks to a patchwork of Oil Ministry projects and initiatives. The ministry has Continue Reading
Iraqi oil minister Jabbar al-Luiebi is set to visit Turkey this week to discuss the future of the Ceyhan-Kirkuk oil pipeline, a statement from the Iraqi oil minister said on Continue Reading
Incremental gains from southern fields have helped Iraq partially recover from temporary production stoppages at Bai Hassan and Avana. The Badra oil field on Dec. 6, 2017. (SAMYA KULLAB/Iraq Oil Continue Reading
Iraq will rely on a newly formed state oil company to develop the Nassiriya oil field, leaving only the nearby refinery project for investors, ending more than six years of Continue Reading
Kurdish oil player Gulf Keystone Petroleum said it wants to set up a commercial framework necessary to boost gross production by as much as 70 percent. The company, issuing guidance Continue Reading
Genel Energy said Friday there were more natural gas resources in two of its Kurdish fields than expected, but an assessment said extraction might be complex. The company, which has Continue Reading
BP PLC will return to northern Iraq for the first time since Islamic State swept through the region three years ago, potentially heralding a new era of stability in one Continue Reading
A memorandum of understanding promises to re-start BP’s reservoir studies, and could lead to a long-term development deal. Iraqi Oil Minister Jabbar al-Luiebi signs an MoU for BP to study Continue Reading
Iraq’s 2018 budget is delayed – tangled in political arguments over funding for post-war reconstruction, the development of Basra province, and revenue-sharing with Kurdistan. Yet the country would have enough Continue Reading
The oil majors are heading in opposite directions when it comes to investing in oil in the war-torn country, a sign of how differently they view the relative risk. Chevron Continue Reading
Iraq aims to sign a deal with BP on Thursday to boost production capacity from the northern Kirkuk oilfields, which were taken back in October by Iraqi government forces, an Continue Reading
Iraq is one of the few countries assessed where political risk is a real concern for an economy pegged heavily to the price for crude oil, Moody’s said Tuesday Moody’s Continue Reading
Chevron expects to restart drilling in the semi-autonomous Kurdistan Region in Iraq and is taking steps to remobilize staff and equipment, The Wall Street Journal quoted a Chevron spokeswoman as Continue Reading
Iraqi Oil Minister Jabar al-Luaibi said on Saturday that the OPEC member’s oil output capacity is near reaching 5 million barrels per day, but the country will remain in full Continue Reading
The Iraqi oil ministry said on Friday 26 companies have qualified to bid for oil and gas blocks in border areas. Five companies qualified recently to take part in the Continue Reading
