Category: Iraq

Highlights Iraq aims to generate 20-25% of energy from renewables Country suffers from electricity shortages, especially in summer Also seeks to lower oil volumes used for power generation Iraq has Continue Reading

Highlights Basrah Medium grade to benefit from higher OPEC+ quota New grade most popular out of three Basrah crudes Iraq working to defend market share in India Iraq’s State Oil Continue Reading

Deadly conflict between the separatist Kurdistan Workers’ Party (PKK) and the dominant ruling party of Iraqi Kurdistan is threatening to shatter an informal truce that has largely kept the peace Continue Reading

News last week that U.K. oil super-major, BP, is working on a plan to spin off its operations in Iraq’s supergiant Rumaila oil field into a stand-alone company had an Continue Reading

KRG Prime Minister Masrour Barzani (right) receives Iraqi Prime Minister Mustafa al-Kadhimi (left) in Erbil on September 10, 2020. (Photo credit: Kurdistan Regional Government) The leaders of Iraq’s federal government Continue Reading

Iraq’s Oil Ministry is sitting on roughly 1 million bpd of capacity — and developing more — as OPEC quotas begin to ease. Iraqi Oil Minister Ihsan Ismaael (center right) Continue Reading

BP Plc (BP.L) is planning to spin off its operations in Iraq into a standalone company, the Wall Street Journal reported on Friday, as the oil major looks to shift Continue Reading

Iraq’s oil sector is rebounding after a catastrophic year triggered by the coronavirus pandemic, with key investment projects on the horizon, Iraq’s oil minister said Friday. But he also warned Continue Reading

Rick Vierbuchen (R), then president of ExxonMobil Upstream Ventures, shakes hands with Abdul Mahdy al-Ameedi, the director general of the Oil Ministry’s Petroleum Contracts and Licensing Directorate (PCLD), after signing Continue Reading