Two oil wells in Iraq’s northern Khabbaz field in Kirkuk province are on fire after they were targeted by explosive devices, an oil ministry official said Dec. 9, a week Continue Reading
The oil-producing subsidiary of Russian state gas giant Gazprom, Gazprom Neft, has announced that it plans to launch a fourth well at the Sarqala field in Iraq’s semi-autonomous region of Continue Reading
Two wells at the Khabbaz oil field in Kirkuk province were bombed early Wednesday, highlighting the persistent security risks to oil infrastructure in northern Iraq. As authorities battle to put Continue Reading
Iraq is poised to sign a multibillion-dollar contract with China ZhenHua Oil Co., a bailout from Beijing for the cash-strapped government which will receive money upfront in exchange for long-term oil Continue Reading
Oil rallied after attacks on small oil fields in Iraq reminded the market that the country’s security challenges haven’t yet gone away. Brent futures rose as much as 1.5%, reversing an Continue Reading
Iraq is committed to all OPEC+ production cut agreements that help contain the volatility in oil prices because OPEC’s second largest oil producer seeks higher prices for its crude exports, Continue Reading
France’s supermajor Total is in talks to sell its 18-percent stake in an oilfield in Iraq’s semi-autonomous region of Kurdistan, with which it could raise around $500 million, Bloomberg reported Continue Reading
Thousands of demonstrators have taken to the streets of Sulaimaniya over the past two days to protest delayed salary payments, raising the pressure on Iraq’s semi-autonomous Kurdistan Regional Government (KRG) Continue Reading
Various reports that Chinese oil giants, China National Petroleum Corporation (CNPC) and China National Offshore Oil Corporation (CNOOC) are ‘considering acquiring’ U.S. oil titan ExxonMobil’s 32.7 per cent stake in Continue Reading
In September, a senior Iranian commander made an unannounced visit to one of Shi’ite Islam’s holiest sites in the southern Iraqi city of Kerbala. Hassan Pelarak, a top officer in Continue Reading
