The federal Iraqi government has proposed the establishment of a new oil company that will be managed jointly by Baghdad and Erbil to operate crude oil production and exports from Continue Reading
Iraq has forecast the average price of its crude oil at $50/b in 2021, 23.4% higher than that which was proposed in the 2020 budget, as OPEC’s second largest producer Continue Reading
Iran and Iraq have agreed to settle Iraq’s energy debt to Iran through a barter deal, under which Baghdad would supply Tehran with needed medicine and staples, Iranian state news Continue Reading
Iraq expects the pressure on oil prices to continue through at least the first quarter of 2021, with oil minister Ihsan Abdul Jabbar expecting the average for Brent during January-March Continue Reading
Iraq’s oil minister has proposed creating a company to manage upstream and export operations in the semi-autonomous Kurdish region as Erbil and Baghdad hammer out an agreement to resolve their Continue Reading
An array of Iran-backed Iraqi militia groups have suspended rocket attacks on U.S. forces on condition that Iraq’s government present a timetable for the withdrawal of American troops, one of Continue Reading
The Sept. 30 rocket attack near the Erbil airport highlights the reach of rogue militant groups and the risks they pose to the investment climate in both federal Iraq and Continue Reading
The Iraqi government is expected to send a controversial new emergency finance bill to parliament this week in a last-ditch attempt to pay its bills in the absence of a Continue Reading
Iraq’s plans to boost its refining capacity faces several hurdles, such as a lack of economy of scale and financing, which may thwart attempts by OPEC’s second-largest producer to wean Continue Reading
Despite promises to keep in line with the OPEC+ pact, Iraq – OPEC’s second-largest producer and biggest laggard in implementing the cuts – slightly raised its crude oil exports in Continue Reading
