Iraq’s Oil Ministry is proposing the creation of a Kurdistan National Oil Company under federal ownership as a means of implementing a landmark court ruling that invalidated the legal foundations of Continue Reading
The U.S. has granted Iraq another 120-day sanctions waiver enabling continued cross-border imports of energy from Iran without triggering penalties, as efforts intensify to revive the 2015 nuclear deal that Continue Reading
Global markets are thirsty for Iraq’s oil, but infrastructure bottlenecks are likely to prevent the country from taking full advantage of high prices and a rising OPEC-plus quota. Iraq’s oil Continue Reading
Oil Minister Ihsan Ismaael’s efforts to resurrect the Iraqi National Oil Company (INOC) are facing increasing political opposition, raising doubts as to whether the fledgling company will survive in its Continue Reading
Prime Minister of Iraq Mustafa Al-Kadhimi and Iraq’s Kurdish Region Government Prime Minister, Masrour Barzani visit damaged areas after a missile attack by Iran’s Islamic Revolutionary Guard Corps (IRGC) during Continue Reading
West Qurna-2 has around 14 billion barrels of reserves in place. West Qurna 2 has long been able to produce a lot more than the 400,000 bpd it currently produces. Continue Reading
As Prime Minister Mustafa al-Kadhimi approaches the end of his term, Iraqi leaders are grappling with whether and how to continue his administration’s efforts to reform the economy. The government’s economic Continue Reading
Both sides have acknowledged a need for renewed dialogue, but they appear to be envisioning vastly different negotiations. Baghdad is seeking Erbil’s cooperation in implementing the Federal Supreme Court’s decision, Continue Reading
Iraq appears to be overcoming temporary outages at two southern oil fields and avoiding major disruptions to its overall oil production. The West Qurna 2 field — whose roughly 400,000 Continue Reading
Iraq exported 3.719 million barrels per day (bpd) in February,* up from January exports of 3.619 million bpd, with revenues reaching a new 10-year high as global oil prices rose to their Continue Reading
Iraq exported 3.719 million barrels per day (bpd) in February, * up from January exports of 3.619 million bpd , with revenues reaching a new 10-year high as global oil Continue Reading
Six months after TotalEnergies signed a multi-billion-dollar deal with Iraq for a quartet of projects that encompass oil, gas, solar, and a system to provide water for oil field injection, the Continue Reading
Iraq stopped oil production from two southern fields with a combined capacity of almost half a million barrels a day. The shutdowns curtail the ability of OPEC’s second-largest member to Continue Reading
Iraqi oil workers shut down the Nassiriya oil field in southern Dhi Qar province around 4:30 p.m. on Friday, two hours after instructions were issued, following threats to do so Continue Reading
Giant West Qurna 2 oil field produces 400,000 b/d Iraq’s southern fields suffering from water problems Dhi Qar’s Nassiriya field closed for security concerns Some 480,000 b/d of Iraqi crude Continue Reading
The super-giant West Qurna 2 oil field has shut down for nearly a month of maintenance, removing about 400,000 barrels per day (bpd) of production at a time when global Continue Reading
Deadly violence and protests in Dhi Qar are destabilizing a key oil-producing province, threatening to shut down the Nassiriya oil field and raising security concerns that could scare away foreign Continue Reading
Iraq is in talks with Halliburton Co. and Saudi Arabia’s Aramco to carry out oil and gas developments in the west of the country. Baghdad is in discussion with Halliburton Continue Reading
International oil firms working in Kurdistan could face canceled contracts after the Supreme Court of Iraq made two legal rulings on oil sales and contracts. The recent rulings hark back Continue Reading
Highlights Kuwait considering blue and green hydrogen pilot Iraq to provide sovereign guarantee for solar projects Baghdad working on long-term technical contract with Acwa Power Iraq and Kuwait are planning Continue Reading
Bad weather at southern export terminals disrupted tanker loadings and forced shut-ins at oil fields, but spare capacity is ready to come online as OPEC quotas rise. Iraq’s federal government Continue Reading
Qatari gas to lower reliance on Iranian energy: minister Iraq’s power outages due to lower Iranian supply Iraq’s power link with Saudi to take 2-3 years to complete Iraq may Continue Reading
According to Iraq’s Oil Ministry, the country is ready to move into the ‘execution phase’ of its four-project deal with French energy supermajor TotalEnergies The first of these projects is Continue Reading
OPEC’s second-largest producer, Iraq, is one of the OPEC+ members struggling to boost its oil production as much as its quota in the pact allows, with January output 120,000 barrels Continue Reading
Iraq exported 3.619 million barrels per day (bpd) in January nationwide, a slight decline from December, but high oil prices led to monthly revenue levels unseen in a decade.Iraq’s federal oil Continue Reading
Iraq’s semi-autonomous Kurdistan Regional Government (KRG) is extending its gas pipeline network toward the Turkish border — a project that promises to unlock gas supplies at multiple fields, increase domestic Continue Reading
Security forces jostle for control in parts of Iraq, Syria Rivalries undermine security and play into militants’ hands Islamic State launches series of big attacks including on prison Armed forces Continue Reading
The number of confirmed coronavirus cases is increasing again in Iraq as the omicron variant spreads and vaccination rates remain low, but the new strain’s milder symptoms are relieving pressure Continue Reading
Highlights Exports fall to 3.203 mil b/d in Jan vs 3.277 mil b/d in Dec Jan production quota at 4.281 mil b/d vs 4.237 mil b/d in Dec Kirkuk exports Continue Reading
China has concluded three major oil deals with Iraq, most notably finalizing the 25-year deal for the Mansuriya field which could have huge geopolitical consequences. The signing of these deals Continue Reading
The number of confirmed coronavirus cases is increasing again in Iraq as the omicron variant spreads and vaccination rates remain low, but the new strain’s milder symptoms are relieving pressure Continue Reading
Iraq is already scheduling crude oil shipments for delivery in March thanks to strong demand, the deputy head of the State Organization for the Marketing of Oil, or SOMO, told Continue Reading
Iraq has finalized contract terms with China’s Sinopec for the development of the Mansuriya gas field, although the deal will not be signed before a new government is formed. If Continue Reading
An explosion Tuesday evening on the Turkish side of the Iraq-Turkey Pipeline (ITP) temporarily stopped Iraq’s northern oil export flows. Turkish authorities were able to resume pipeline operations by midday Continue Reading
An explosion Tuesday evening on the Turkish side of the Iraq-Turkey Pipeline (ITP) temporarily stopped Iraq’s northern oil export flows. Turkish authorities were able to resume pipeline operations by midday Continue Reading
The flow of crude oil through the Kirkuk-Ceyhan pipeline has resumed, after it was halted on Tuesday due to a blast near the pipeline in the southeastern Turkish province of Continue Reading
Iraq’s overall oil production recovered steadily in 2021 — rising from just over 4 million barrels per day (bpd) in January to nearly 4.5 million bpd in December — as Continue Reading
Iraq might for the first time in years get a government that excludes Iran-backed parties if a powerful populist cleric who dominated a recent election keeps his word, Iraqi politicians, Continue Reading
Iraq’s overall oil production recovered steadily in 2021 — rising from just over 4 million barrels per day (bpd) in January to nearly 4.5 million bpd in December — as Continue Reading
Iraq is considering setting up a sovereign wealth fund into which it would deposit 1 percent of oil export revenues each month to finance renewable energy projects and build up Continue Reading
The statement last week from Iraq’s Oil Minister, Ihsan Abdul Jabbar, that the newly resurrected Iraqi National Oil Company (INOC) has been given government approval to acquire ExxonMobil’s 32.7 percent Continue Reading
The Iraqi government is attempting to take over ExxonMobil’s operating stake in the West Qurna 1 oil field rather than approve a sale to international investors. In a Jan. 5 Continue Reading
December exports up 0.5% to 3.677 million b/d Quota rose to 4.237 mil in Dec b/d, vs 4.193 mil b/d in Nov January quota stands at 4.281 mil b/d Iraq’s Continue Reading
Highlights Cabinet grants approval for INOC’s takeover of stake: minister ExxonMobil had filed lawsuit last year over stake sale ExxonMobil wanted to sell stake to a third party The Iraqi Continue Reading
Federal Iraq pumped 3.277 mil b/d, just 4,000 b/d more than Nov Production quota was 4.237 mil b/d in Dec vs 4.193 million b/d in Nov OPEC+ set to meet Continue Reading
An Iraqi oil pipeline burns after sabotage by anti-U.S., pro-Saddam militants Sept. 8, 2003 near Kirkuk, in northern Iraq. Credit: Scott Peterson/Getty Images It’s 6 p.m. and the pink-tinged skies Continue Reading
Iraq’s Federal Supreme Court on Monday upheld the results of the country’s October parliamentary elections , resolving a dispute that had stalled the formation of a new government as Iran-backed Continue Reading
Kurdish Peshmerga forces oversee digging of defensive trenches in the village of Lheiban , Iraq, Tuesday, Dec. 7, 2021. For the first time since the defeat of Islamic State, federal Continue Reading
Tribesmen living near the Gharraf oil field in Dhi Qar province shot a rocket-propelled grenade (RPG) and heavy machine gun bullets at police in anger over water shortages, as environmental Continue Reading
Iraq’s semi-autonomous Kurdistan Regional Government (KRG) has run up nearly $5 billion worth of debt to power producers — a major factor complicating efforts to improve electricity service and attract Continue Reading
