Iraq Confirms BPs Plans To Leave The Country
BP is considering quitting upstream operations in Iraq, where the supermajor operates the biggest oilfield, Iraqi Oil Minister Ihsan Abdul Jabbar Ismaael said in a video posted on the oil Continue Reading
Iraq backs OPEC+ output hike from August, extension of pact beyond April 2022
OPEC+ ministers set to meet July 5 to resolve impasse Saudi and UAE disagree over extension of current pact Iraq is OPEC’s second biggest producer Iraq supports the proposal to Continue Reading
Iraqi minister says BP mulls quitting Iraq, Lukoil wants to sell up
Iraqi Oil Minister Ihsan Abdul Jabbar said in a video posted on Saturday on the ministry’s Facebook page that BP (BP.L) was considering withdrawing from Iraq, and that Russia’s Lukoil Continue Reading
IRAQ DATA: Federal oil exports hold steady at 2.89 million b/d in June
Highlights Iraq’s quota rose in June to 3.954 million b/d Quota to rise further to 4.016 million b/d in July Iraq is OPEC’s second-biggest producer Iraq’s federal oil exports, excluding Continue Reading
Iraqi tax commission cracks down on international energy companies
Iraq’s top tax authority has ordered government departments to stop issuing visas and halt imports for nearly two dozen international energy companies whom it accuses of late tax payments. If Continue Reading
Iraq Uses Controversial Oil Deal To ‘Secure Funding’ From Washington
At June’s G7 meeting, U.S. President, Joe Biden, received the backing of the world’s seven largest advanced economies (comprised of the U.S., the U.K., Germany, France, Italy, Canada, and Japan) Continue Reading
Electricity crisis worsens as Iran cuts supply and minister resigns
Power blackouts throughout Iraq threaten to cause new bouts of social unrest over chronic failures to build adequate domestic gas and electricity supply. An Iraqi worker fixes wiring linked to Continue Reading
Iraq to receive $360 mil World Bank loan to help expand gas flaring reduction from south
Highlights Loan to help boost Basrah Gas Co’s processing capacity by 40% BGC currently treats 900 MMcf/d of associated gas BGC is JV between South Gas Co., Shell and Mitsubishi Continue Reading
Why Did Iraq Pull The Plug On Its $2 Billion Oil Deal With China?
Just when it looked like Iraq was becoming a regional leader it decided to halt a $2 billion pre-paid oil supply deal with China’s state-owned Zhenhua Oil Co. despite aims Continue Reading
U.S. carries out air strikes against Iran-backed militia in Iraq, Syria
The United States said on Sunday it carried out another round of air strikes against Iran-backed militia in Iraq and Syria, this time in response to drone attacks by the Continue Reading