Haider Al-Abadi . “Oil prices are not at the required level to be used for sustainable development,” state TV quoted al-Abadi as saying during a press conference. Iraq proclaimed itself Continue Reading
Oil Minister Jabar al-Luaibi said Iraq plans to increase production from oilfields in Kirkuk to one million barrels per day and has visited the Bai Hasan and Avana fields to Continue Reading
Companies working inside Kurdish territory in northern Iraq report oil export payments in line with historic norms. Photo courtesy of Genel Energy. Nov. 10 (UPI) — Energy companies working inside Continue Reading
By trucking crude to Iran, the Oil Ministry would reduce dependence on the KRG-controlled export system and open a new outlet for Kirkuk oil that is currently stranded. Deputy Oil Continue Reading
Norwegian oil and gas company DNO said it’s operations in the Kurdish region of northern Iraq were proceeding as normal. Photo courtesy of DNO. Nov. 9 (UPI) — Norwegian oil Continue Reading
An oil and gas conference meant to showcase opportunities in the Kurdish north of Iraq is cancelled because of regional circumstances, the government said. The Kurdish Ministry of Natural Resources Continue Reading
Since September’s independence referendum and October’s dramatic Kirkuk re-capture by Iraqi troops, the drama over Kurdish oil continues, with new developments occurring early this week. On Sunday, the government of Continue Reading
After months of negotiations, Shell has agreed to hand over its stake in Iraq’s large Majnoon oil field to state-held Basra Oil Company by the end of the first half Continue Reading
We’ve been harping on in recent weeks about how Saudi has been slashing crude flows to North America, but as we can see in our ClipperData below, it has been Continue Reading
Iraqi Basra crude oil in November has sold at the widest discounts to official prices in more than a year, with cargoes that backed up after hurricanes hit the U.S. Continue Reading
Oil smugglers in southern Iraq are continuing to steal crude and other oil products from southern pipelines, despite a ramp-up in security measures and calls from local leaders to curb Continue Reading
Iraq said it was in a unique position as an oil producer in the region with its steadfast commitment to supporting transparency in the industry. Iraqi Oil Ministry officials said Continue Reading
al-Masdar news . The Iraqi military’s attacks on Kurdish targets show “ongoing military aggression and unconstitutional demands”, the Peshmarga says. The Kurdish military says it has been put in the Continue Reading
Iraq is in the process of adjusting to a paradigm shift in its northern oil sector, after the federal government took control of Kirkuk following an Oct. 16 military operation. Continue Reading
Iraq wants the Kurdistan region to stop independent crude exports and to hand over sales operations to the Iraqi state-oil marketer SOMO, the company’s director said on Thursday. Iraq is Continue Reading
Since the Iraqi army took control of the fields in the oil-rich Kirkuk area in mid-October, reports of disruptions in oil flows have been a daily occurrence, but now, according Continue Reading
Days after the federal North Oil Company restarted exports through the KRG-controlled pipeline, the Oil Ministry ordered a stop. The Jabal Bor production and gas oil separation stations of Kirkuk’s Continue Reading
Iraqi security forces are gaining control of the Akkas gas field, as they prosecute the final phase of an offensive to dislodge the self-proclaimed Islamic State (IS) militant group from Continue Reading
Days after the federal North Oil Company restarted exports through the KRG-controlled pipeline, the Oil Ministry ordered a stop. Iraq’s state-run North Oil Company (NOC) has stopped pumping crude into Continue Reading
Kurd region exported 264,000 barrels a day before brief halt Latest stoppage came after Iraq retook Kirkuk area from Kurds Oil exports resumed from Iraq’s Kurdish region after halting earlier Continue Reading
Crude oil from northern Iraq, including from the Kurdistan region, stopped flowing from the oil pipeline between Kirkuk and the Turkish Mediterranean port of Ceyhan early on Monday local time, Continue Reading
Kurdistan’s President Masoud Barzani announced his resignation three days before the end of his term in office, with violence erupting against the autonomous region’s parliament, according to tweets from Erbil. Continue Reading
Masoud Barzani, pictured voting in September’s Kurdistan independence referendum, will continue to play a role in politics without holding any formal position. The resignation is the latest fallout from the Continue Reading
Before America’s Twitter-loving president made it to the Oval Office, a recurring theme was that the U.S. should have gotten hold of Iraq’s oil after toppling Saddam Hussein. There’s this: Continue Reading
Iraq’s state-run North Oil Company (NOC) has resumed pumping into regional refineries, the export pipeline controlled by the autonomous Kurdistan Regional Government (KRG) and into storage at the port of Continue Reading
Iraq last month become the second-largest crude oil exporter to the United States, overtaking its southern neighbor, Saudi Arabia, and is on track to repeat this performance this month as Continue Reading
Iraq will begin pumping oil from Kirkuk once again , just a week after clashes between Iraqi and Kurdish forces forced production in certain parts of the No.2 OPEC producer Continue Reading
Federal Iraqi troops attempted to gain control over a strategically important piece of territory at the intersection of the Iraqi, Syrian, and Turkish borders on Thursday, sparking a fight with Continue Reading
Iraqi government-owned North Oil Co. and Kurdish Kar Group are cooperating on pumping the oil from two fields that halted operations following the government military action to take it over Continue Reading
The standoff between the Iraqi government and Kurdistan over the past month helped push up oil prices, due to the idling of a sizable portion of the country’s crude oil Continue Reading
When the Iraqi army and Iranian-backed Shi‘ite militia entered a key oil processing facility in Iraq’s north to retake it from Kurdish Peshmerga forces last week, the installation was deserted Continue Reading
The Kurdistan Regional Government (KRG) has offered to “freeze the results” of its Sept. 25 independence referendum – the first formal proposal since the federal government 10 days ago reclaimed Continue Reading
The Kurdistan Regional Government has proposed to Baghdad an immediate ceasefire after more than a week of fighting following a decision by Baghdad to retake control of disputed Kirkuk and Continue Reading
With oil the source of regional disputes, the semiautonomous Kurdish government in northern Iraq said it was backing off its ambitions for independence. The Kurdistan Regional Government said in statements Continue Reading
Basra Gulf terminals increase loading capabilities ahead of plans to boost exports. Iraqi Deputy Oil Minister Karim Hattab inspects the Khor al-Amaya Oil Terminal on June 11, 2017. (Source: Iraq Continue Reading
Crude oil flows from Kurdistan to Turkey’s port city of Ceyhan continued at rates of between 200,000 and 250,000 bpd over the weekend, versus a normal flow of between 550,000 Continue Reading
Iraqi Oil Minister Jabar al-Luaibi met a senior BP executive on Monday to discuss developing and boosting production from Kirkuk oilfield, a ministry spokesman said. Luaibi, who met BP’s president Continue Reading
Russian Foreign Minister Sergei Lavrov said the Kremlin respects Iraq’s sovereignty. Bilateral talks Monday came after Baghdad issued veiled warnings over oil contracts. After Iraq issued veiled warnings about oil Continue Reading
Oil exports from Iraq’s Kurdistan via the Turkish Mediterranean port of Ceyhan have risen slightly to around 255,000 barrels per day (bpd), a shipping source told Reuters on Monday. Flows Continue Reading
Russia’s biggest oil company, Rosneft ( ROSN.MM ), has agreed to take control of Iraqi Kurdistan’s main oil pipeline, boosting its investment in the autonomous region to $3.5 billion despite Continue Reading
Security forces standing guard as Iraqi Kurds take part in a demonstration outside the U.S. consulate in Erbil, the capital of the semiautonomous Kurdish region, on Friday. Many have questioned Continue Reading
The Iraqi Oil Ministry said Thursday that it was advising oil companies that they should be making contracts and dealing only with the federal government. Iraqi Oil Minister Jabbar al-Luaibi Continue Reading
As the sun lowers over Kirkuk, crowds of young Arabs and Turkmen take to the streets waving Iraqi flags, dancing and honking car horns in celebration after central government forces Continue Reading
After over 40 years in the energy business, more than two decades of that with a parallel career in intelligence, I regularly witness the impact of global developments on the Continue Reading
The crisis unfolding around the Iraqi city of Kirkuk has left some of the world’s largest commodity trading houses worried. (Bloomberg) — The crisis unfolding around the Iraqi city of Continue Reading
LONDON/MOSCOW (Reuters) – Russian energy major Rosneft has agreed to take control of the main oil pipeline in Iraq’s Kurdistan, further boosting its role as the main international investor in Continue Reading
Northern Iraqi exports and output fell again this week as Baghdad’s oil ministry engineers scrambled to refit looted facilities that were recently recaptured from Kurdish forces, according to a new Continue Reading
Russian state oil major Rosneft has agreed to invest $400 million in five oil blocks in Iraqi Kurdistan, increasing Moscow’s exposure to the semi-autonomous region despite a major spike in Continue Reading
Iraqi Oil Minister Jabbar Al-Luiebi has asked BP to develop the oil fields in oil-rich Kirkuk, just a day after Iraq’s government forces completed an operation to seize control of Continue Reading
Kurdish Regional Government has borrowed about $3.5 billion Oil shipments fall after Baghdad reclaims disputed Kirkuk The crisis unfolding around the Iraqi city of Kirkuk has left some of the Continue Reading
