Countrywide exports of 3.143 million bpd suggest Iraq has reduced output, with OPEC-plus members insisting on full quota compliance as they consider extending cuts. Tankers load at the al-Basra Oil Continue Reading
Islamic State militants launched a rocket strike against an Iraqi refinery causing its shut-down, Reuters has reported , citing officials from the facility. In a statement on the terrorist group’s Continue Reading
The relationship between Baghdad and Erbil has been strained ever since Iraq managed to eliminate the threat of the Islamic State. Both sides perceive the other’s endeavors with anxiety but Continue Reading
The Iraqi government is on edge as the Trump presidency enters its final weeks, fearing that a last-minute confrontation between the United States and Iran could erupt on Iraqi soil. Continue Reading
Iraq has taken a major step toward holding early elections by ratifying an election law that addresses some demands of anti-government protesters who blamed the old system for helping perpetuate Continue Reading
Russia’s Gazprom Neft is planning to launch a fourth well at the Sarqala field in Iraq’s semi-autonomous Kurdistan region in the first half of 2021, which will increase production at Continue Reading
Highlights Iraq’s SOMO sent letters to customers informing them of offer Offer included 4 million barrels/month supply over 5 years Supply to be partially pre-paid, SOMO said in letter Dubai Continue Reading
Iraq is seeking an upfront payment of about $2 billion in exchange for a long-term crude-supply contract, the latest sign of Baghdad’s growing desperation for cash as its economy unravels. The Continue Reading
A new proposal from SOMO asks crude buyers to pay up front for a year’s worth of exports to secure a 5-year supply — part of Iraq’s response to a Continue Reading
Iraq’s federal government could wean itself off Iranian energy imports by taking advantage of gas production in the semi-autonomous Kurdistan region, a US official said Nov. 23, as OPEC’s second-largest Continue Reading
