Iran-Iraq Quarantine Latest
Iran is quarantining part of the oil-rich southwest of the country for the next week, with all main routes into the area closed, the semi-official Tasnim news agency reported. All banks, Continue Reading
Iraq Gets New Government After Months of Political Deadlock
Iraq swore in a new government after months of political deadlock that has hampered the country’s ability to respond to multiple crises exacerbated by the coronavirus pandemic. Lawmakers wearing surgical Continue Reading
Iraq Chooses New Prime Minister, an Ex-Intelligence Chief Backed by U.S.
Iraq’s Parliament chose an American-backed former intelligence chief as the new prime minister early Thursday morning, giving the country its first real government in more than five months as it Continue Reading
Iraq’s new prime minister wants to amend contracts with IOCs
Iraq’s new prime minister, who was granted a vote in confidence by the country’s parliament early Thursday, wants to restore the oil market share of OPEC’s second largest oil producer Continue Reading
Iraq eases pandemic lockdown despite second spike in new cases
With some measures relaxed, the risk of further COVID-19 case growth raises concerns. Traffic police direct taxies and other vehicles in a traffic jam on May 05, 2020. (MURTADHA AL-SUDANI/Anadolu Continue Reading
Russia And China Are Battling For Influence In Oil Rich Iraq
With the U.S.’s patience wearing thin on its dealings with neighbouring Iran, endemic corruption still prevalent in both the south of the country and in the northern semi-autonomous region of Continue Reading
Iraq’s economy is collapsing under the double blow of sinking oil prices and coronavirus lockdown
A peddler arranges clothes at the Sarj Khaneh market in Mosul as the country eases restrictions put in place for the coronavirus pandemic. (Zaid Al-Obeidi/AFP/Getty Images) According to government officials, Continue Reading
Iraqi Kurdistan On The Brink Of Collapse As Oil Prices Crash
Attentive Oilprice readers must have read at least a dozen articles describing how hard Iraq has been hit by the drop in oil prices. Iraq’s political travails are by no Continue Reading
Iraq’s Kurdish region pumped 468,400 b/d in 2019 at export price of $52.67/b
Iraq’s semi-autonomous Kurdish region pump an average of about 468,400 b/d in 2019, with 93% of its oils sales exported at an average price of $52.676/b, according to a Deloitte Continue Reading
Oil revenues crash, dragging Iraq deeper into crisis
Iraq’s April oil revenues collapsed to their lowest level in more than a decade, dragging the country deeper into a financial crisis that has paralyzed both the federal government and Continue Reading