Iraq, OPEC’s second-largest oil producer, has nearly reached its limit in accepting the OPEC model of “one size fits all” in terms of output cuts without taking into account members’ Continue Reading
Iraq’s proposal to offer crude buyers a five-year contract to supply 4 million barrels/month that is partially pre-paid has garnered interest from several Asian oil companies, a source familiar with Continue Reading
As hostilities with Iran resume, a shortened waiver period gives the outgoing Trump administration one last opportunity to wield economic leverage in Iraq. This story has been updated to include Continue Reading
The US State Department Nov. 20 granted a 45-day waiver extension to Iraq allowing it to keep paying for electricity imports from Iran. Receive daily email alerts, subscriber notes & Continue Reading
State giants China National Petroleum Corporation (CNPC) and China National Offshore Oil Corporation (CNOOC) are interested in buying ExxonMobil’s entire operating stake in one of the largest oilfields in Iraq, Continue Reading
Iraq plans to invite international companies to compete in order to build a 300,000 b/d refinery south of the country, the oil minister said Nov. 18, as OPEC’s second largest Continue Reading
Despite its huge oil resources, Iraq’s practical readiness to hit its 7 million barrels per day (bpf) oil production target (by 2025) came into question again last week, with statements Continue Reading
Iraq’s state oil marketer has tweaked the crude assays of its key export grades for next year, which include a new medium sour crude known as Basrah Medium, according to Continue Reading
Highlights Government passes deficit budget, including provisions for rice, wheat Rice, wheat tenders not held since protests began in October 2019 US rice industry had expected private MoU negotiations New Continue Reading
Every new crisis is a formidable opportunity to try new things, oftentimes merely to have another go with methods that have failed in the past but should work better now. Continue Reading
