After a record-setting 2019, annual oil output fell by about 760,000 bpd as Iraq made extraordinary cuts to help support global prices. The Iraqi Drilling Company completes drilling at the Continue Reading
Three of OPEC’s biggest oil producers raised monthly pricing for shipments to Asia, their largest regional buyer, after markets tightened on Saudi Arabia’s plan to slash output. Iraq, Abu Dhabi and Continue Reading
Iraq’s December oil production, including from the semi-autonomous Kurdistan region, rose 4.7% month on month to 3.857 million b/d, to be above the country’s OPEC+ quota, data from the State Continue Reading
Chanting anti-American slogans, thousands of Iraqis converged on a landmark square in central Baghdad on Sunday to commemorate the anniversary of the killing of a powerful Iranian general and a Continue Reading
In line with Iraq’s currently perilous finances and with its future target of increasing crude oil production to 7 million barrels per day (bpd) by 2027 at the latest, Baghdad Continue Reading
Oil exports ended 2020 on a relative high note, but the year saw federal Iraq post its lowest annual export volumes since 2014 and worst revenue total in more than Continue Reading
Highlights Iran slashed gas supplies due to unpaid bills Iranian energy minister pledged to resume supplies Iraq’s 90-day waiver granted on Dec. 30 Dubai — Iraq is still waiting for Continue Reading
Trump administration had been more aggressive on Iraq’s energy deals with Iran, issuing a 45-day waiver in November. U.S. Secretary of State Mike Pompeo looks to Iraq’s Foreign Minister Fuad Continue Reading
Iraq confirmed that it’s selected a Chinese company for a multibillion-dollar oil-supply deal, as the Arab nation seeks funds to bolster an economy reeling from the coronavirus-triggered collapse in energy Continue Reading
Highlights Sea mine on Pola discovered Dec. 31 in international territorial waters Pola is floating storage for high sulfur fuel oil intended for export Latest incident heightens maritime security concerns Continue Reading
