Oil Tanker Near Iraq Finds Explosive Object Attached to Hull
An oil tanker off the coast of Iraq discovered an explosive object attached to its hull, the latest incident highlighting the risk to ships in the waters near the Arabian Continue Reading
Possible Mine Found On Oil Tanker Off Iraq
A Liberian-flagged fuel oil tanker off the coast of Iraq has been identified to be carrying a “suspicious object” according to sailors, which could be a mine. The suspicious object Continue Reading
Iran To Buy Covid Vaccines With Income From Gas Exports To Iraq
Iran will use part of the proceeds from its electricity and natural gas exports to Iraq to buy COVID-19 vaccines from Europe, Iranian state media reported on Wednesday, quoting Energy Continue Reading
Iran Cuts Power Supply To Iraq On Unpaid Debt
Iran has reduced exports of natural gas to its neighbor Iraq claiming the latter owed it more than $6 billion for supplies already made. The cuts were made two weeks Continue Reading
Iraqi Kurdistan Finally Moves To Develop Massive Gas Resources
In tandem with Iraq’s reiterated target for crude oil production of 7 million barrels per day (bpd) by 2025, from the previous 5 mbpd, Baghdad has also stated that it Continue Reading
Iraq plans to boost southern oil export capacity by 72% after three years: ministry
Iraq, OPEC’s second-largest producer, plans to boost the capacity of its southern oil export facilities by 72% to 6 million b/d after 2023 and wants to build storage tanks to Continue Reading
Iraq warns of power outages as Iran plans to reduce gas supply due to unpaid bills
Iraq is set to suffer from acute power shortages as Iran plans to cut its gas shipments to its neighbor due to outstanding payments, the electricity ministry said in a Continue Reading
Iran Cuts Gas Flows to Iraq, Threatens Further Reductions
Iran has slashed the amount of natural gas it exports to Iraq and threatened further cutbacks over unpaid bills, increasing the likelihood of more electricity shortages in Baghdad and other Continue Reading
Facing financial crunch, Iraq boosts November production
Despite ongoing OPEC-plus efforts to limit global supply, Iraq increased oil output as the government desperately seeks revenue to narrow record deficits. South Oil Company workers look toward the flares Continue Reading
Iraqi Cabinet approves 2021 budget with even bigger deficit
Parliament showdown looms over unsustainable spending, new taxes, and KRG oil revenues. Iraq’s Cabinet votes for the 2021 budget at the end of a three-day session on Dec. 21, 2020. Continue Reading