production has resumed at the Qayarah heavy oil field in Ninewa province after a 14-month shut-in due to protests at export terminals, OPEC-plus output restrictions, and disputes over crude transport, Continue Reading
Iraqi oil exports in May averaged 3.336 million barrels per day (bpd), according to Oil Ministry and industry data — a slight decline from April for both the federal government Continue Reading
Since the fall of Saddam Hussein in 2003, Iraq has played the main powers in the Middle East off against each other – the U.S. axis focused on Saudi Arabia Continue Reading
Highlights Cabinet calls on oil ministry to conduct ‘appropriate’ study Some politicians have called for changes in financial terms of contracts Oil majors operate some of Iraq’s biggest fields Iraq Continue Reading
Iraq plans to complete this year the construction of a new oil pier in its key fuel export and import facility in order to raise trade in refined oil products Continue Reading
The Iraqi federal government and the semi-autonomous Kurdistan Regional Government (KRG) have established three joint coordination centers in an effort to improve cooperation between their respective security forces and close Continue Reading
April oil production was 3.39 million b/d Domestic crude 13% higher than earlier estimate Iraq has busted its quota since February Iraq, OPEC’s second largest producer, has revised upward its Continue Reading
Some $150 billion in oil revenues has been stolen and smuggled out of Iran since the fall of Saddam Hussain in 2003, the president of Iraq said, as quoted by Continue Reading
Workers measure the pressure at the Central Processing Facility at the Tawke oil field in Iraqi Kurdistan in August 2012. (SEBASTIAN MEYER/Metrography/Iraq Oil Report) A decision by the Kurdistan Regional Continue Reading
Iraq has rejected ExxonMobil’s effort to sell its stake in the West Qurna 1 oil field to two Chinese companies, raising a cloud of uncertainty and potential conflict over a Continue Reading
