Highlights Federal exports jump, KRG flows stable Production just above Nov quota of 4.193 million b/d Stock build reported as domestic demand dips Iraqi crude oil production, including flows from Continue Reading
Iraq is looking to neighboring countries to fill an electricity shortage and diversify its sources of supply as Iranian exports of gas and electricity have diminished. Baghdad is discussing potential Continue Reading
Iraq’s oil minister said that his country policy in OPEC is based on reservations about the unjustified increase in production, ministry of oil quoted him as saying on Tuesday. Ihsan Continue Reading
Iraq cannot afford low oil prices Iraq seeking supply-demand stability OPEC is working in a ‘positive’ manner Iraq expects the price of oil to rebound and rise above $75/b Continue Reading
Islamic State militants killed four Peshmerga soldiers and a civilian, and wounded six other people in an attack near Qara Salem village in northern Iraq, security sources said on Sunday. Continue Reading
Iraq’s nationwide oil exports rose to 3.678 million barrels per day (bpd) in November* compared with 3.523 million bpd in October, with federal exports accounting for nearly all of the 155,000 bpd Continue Reading
A deterioration in national security as a result of climate change is a major worry for Iraq’s Minister of Environment, Dr. Jassim Abdul Aziz al-Falahi. “We do not have water Continue Reading
Highlights Federal exports reach 3.272 mil b/d in Nov vs 3.120 mil b/d in Oct Quota was 4.193 mil b/d in Nov vs 4.149 mil b/d in Oct OPEC+ set Continue Reading
Russian oil giant Lukoil looks to become the main developer of the Eridu oilfield Eridu is said to hold up to 12 billion barrels of crude oil Lukoil is gunning Continue Reading
Peak production estimated at 800,000 b/d in 2027 Field contains 14 bil barrels of recoverable reserves Lukoil has 75% stake in field Iraq’s southern oil field of West Qurna 2, Continue Reading
Unprecedented droughts are drying up farm land, driving migration to cities, and compounding economic hardships and instability. The Golaka spring ran dry in August 2021, outside the Bakr Bayf village Continue Reading
The newly resuscitated Iraq National Oil Company (INOC) has been authorised by the government in Baghdad to directly negotiate with U.S. oil giant, Chevron, for it to develop the long-delayed Continue Reading
Eridu holds estimated 7 billion-12 billion barrels Lukoil holds 60% stake in field, in southern Iraq Could yield 250,000 b/d at peak production Lukoil has submitted to Iraq’s oil ministry Continue Reading
The attack on the village of Rashad last month was unusual in recent Iraqi times for its cruelty. Islamic State gunmen opened fire on a group of seven young men Continue Reading
Iraq’s aggregate oil production from fields in both federal territory and the Kurdistan Region of Iraq (KRI) fell marginally in October to 4.30 million barrels per day (bpd) from 4.34 Continue Reading
Highlights Nasiriyah fields could yield 600,000 b/d over 7-year period Other projects include gas development in Dhi Qar province Iraq, Chevron signed framework agreement in Aug 2020 Iraq has allowed Continue Reading
A drone attack that targeted the Iraqi prime minister on Sunday was carried out by at least one Iran-backed militia, Iraqi security officials and militia sources said, weeks after pro-Iran Continue Reading
The U.S. has been fighting a rearguard action against Iran cementing its influence in Iraq for almost two decades Aramco, is in talks with Iraq’s various ministries for billions of Continue Reading
The failed assassination attempt against Iraq’s prime minister at his residence on Sunday has ratcheted up tensions following last month’s parliamentary elections, in which the Iran-backed militias were the biggest Continue Reading
Supporters of Iran-backed militias clashed Friday with Iraqi security forces outside the fortified Green Zone complex as tensions spiked over the results of national elections last month. At least 125 Continue Reading
An American investment firm named Twelve Seas and the UK’s Wood Group are partnering with U.S. oil services giant Halliburton to bid for ExxonMobil’s stake in West Qurna 1, one Continue Reading
Just ahead of the August 2020 visit to Washington of Iraq Prime Minister, Mustafa al- Kadhimi, promised then-U.S. President, Donald Trump, that he would allow a raft of in-principle agreed Continue Reading
More than three weeks after Iraqis voted in parliament elections, pro-Iran Shiite militias that emerged as the biggest losers are still rejecting the outcome of the vote, thrusting the country Continue Reading
Iraq is in discussions to sign energy deals with Saudi Arabia worth tens of billions of U.S. dollars, according to Iraq’s oil minister. OPEC’s second-largest producer, Iraq, and OPEC’s top Continue Reading
Highlights Iraq negotiating with Aramco for gas exploration in Western Desert Iraq also in talks with ACWA Power on clean energy and solar projects Iraq wants to lower reliance on Continue Reading
Displaced Iraqis from the village of Mansuriya, Diyala province, where fighting with militant jihadists has been raging, gather on the side of a road as they are heading to the Continue Reading
An exodus of Western oil companies from Iraq has left Russia in a very advantageous position when it comes to negotiating its production deals there Russia and Iraq have been Continue Reading
o one lives here anymore. The mud-brick buildings are empty, just husks of the human life that became impossible on this land. Wind whips through bone-dry reeds. For miles, there’s Continue Reading
Iraq’s countrywide oil output increased 3 percent in September as OPEC-plus quotas rise. Iraqi Drilling Company personnel drill a well at the West Qurna 1 field in Basra in May Continue Reading
Oil prices could hit $100 a barrel during the first half of 2022 amid low global commercial stocks, Iraq’s Oil Minister Ihsan Abdul Jabbar Ismaael said on Wednesday, as carried Continue Reading
The Qayarah heavy oil field in Ninewa province is back online, after Iraq’s Oil Ministry and operator Sonangol reached another short-term agreement to resume partial production. Roughly 10,000 barrels per Continue Reading
Iraq is perfectly capable of producing 8 million bpd of crude oil, or even its original figure of 12 million bpd Officially, according to the EIA, it holds a very Continue Reading
A gas pump at a petrol station in Seoul June 27, 2011. REUTERS/Jo Yong-Hak/File Photo Oct 17 (Reuters) – Iraq’s oil ministry spokesman said that an oil price above $80 Continue Reading
Vote counting was underway in Iraq on Monday, a day after a record low turnout in a parliamentary election, reflecting what many Iraqis said was a loss of faith in Continue Reading
Highlights First phase of Masdar deal includes 1 GW Iraq also has renewable deals with TotalEnergies, PowerChina It needs renewables to lower reliance on oil, gas in power generation Iraq Continue Reading
The Iraqi Cabinet has approved the newly formed Iraqi National Oil Company (INOC) to take a partnership stake in a multi-faceted energy deal. Leadership from French oil firm Total and Continue Reading
Highlights Iraq also has renewables deals with TotalEnergies, PowerChina, Masdar It wants to generate 7.5 GW of renewable power before 2023 Iraq is seeking to lower dependence on gas, oil Continue Reading
Highlights INOC to take 40% stake in TotalEnergies’ Basra project: oil minister Chevron project to be finalized in next few weeks Iraq to remain reliant on Iranian gas for a Continue Reading
Highlights TotalEnergies signed $27 billion worth of deals with Iraq in Sep INOC is a revived company that was dissolved in 1987 The Iraqi cabinet has approved Iraqi National Oil Continue Reading
Iraq’s newly founded Iraq National Oil Company was created to fairly distribute they nation’s oil wealth to its citizens. Having a national oil company is a good idea in that Continue Reading
Four months after the Ninewa province field came back online, production has again stopped. A wellhead at the Qayarah oil field. (Photo credit: Sonangol) ERBIL – Production has halted at Continue Reading
Highlights Chevon, Iraq had signed framework agreement in Aug 2020 Committee recommends moving ahead with Nebras petchem project Expansion of Diwaniyah refinery approved An Iraqi government energy committee backs holding Continue Reading
Iraq flares the second largest quantity of gas in the world Deal with Baker Hughes to capture 200 million standard cubic feet per day from major oilfields Flaring deals could Continue Reading
Insurgents from the self-proclaimed Islamic State (IS) militant group are evolving their tactics and launching increasingly bold attacks, as they continue to exploit chronic security gaps in northern Iraq’s disputed Continue Reading
Iraq’s crude oil production surged in August to 4.23 million barrels per day (bpd), according to an Iraq Oil Report analysis based on independently gathered field-by-field data, the country’s highest Continue Reading
Iraq under US pressure to wean itself of Iranian energy imports Iranian oil minister Javad Owji, amid intermittent exports of gas and power to Iraq, has appointed a special energy Continue Reading
Iraq’s state-owned South Gas Co. and Baker Hughes plan to develop a 200 MMcf/d gas recovery project in the south following a three-year delay, the oil minister said Sept. 19, Continue Reading
Over the past few years, Norway’s DNO has faced uncertainty around when it would be able to drill more wells to offset the natural decline of existing production at Tawke, Continue Reading
The Pearl Petroleum consortium led by the UAE’s Crescent Petroleum and Dana Gas has signed a $250 million financing agreement with the U.S. International Development Finance Corporation (DFC) to fund Continue Reading
Highlights Aug output at 3.961 mil b/d vs 3.886 mil b/d in July: SOMO Aug quota rose to 4.061 mil b/d from 4.016 mil b/d in July Iraq’s OPEC+ quota Continue Reading
