Iraq and French oil major Total agreed to jointly work on developing four associated gas and solar power projects, the country’s oil ministry said March 29, as OPEC’s second-largest producer Continue Reading
Basra Oil Company workers reconnect gas flares of the Nahr Bin Omar oil field further away from residential areas. (Source: Basra Oil Company media office) Iraqi oil production jumped by Continue Reading
Iraq’s state oil marketing firm SOMO denied a claim by Fujairah International Oil & Gas Corp of the United Arab Emirates (UAE) that an oil cargo, which the United States Continue Reading
Iraq and French oil major Total are in talks to jointly work on developing associated gas and solar power projects, the country’s oil minister said March 17, as OPEC’s second-largest Continue Reading
Highlights Draft budget states KRG must hand over 250,000 b/d Parliamentary vote on budget scheduled for March 15 Baghdad has blamed KRG for OPEC quota violations Dubai — Iraq has Continue Reading
Almost everything in life is a matter of perspective, including developments in the oil and gas industry. For people who would start to study global oil flows today, it would Continue Reading
Iraq’s February oil production, including flows from the semi-autonomous Kurdistan region, rose 1.6% month on month, the State Oil Marketing Organization said March 10, breaching the country’s OPEC+ quota. Not Continue Reading
There are many ways the Iraqi government could deliver 24 hours of electricity service per day – but none without a financial or political cost. In a wide-ranging interview with Continue Reading
Nationwide oil exports increased to 3.395 million barrels per day (bpd) in February, up from 3.266 million bpd the month before , according to an Iraq Oil Report analysis of Continue Reading
At least 10 rockets landed on Wednesday at Iraq’s Ain al-Asad airbase that hosts the United States, coalition, and Iraqi forces, the Iraqi military said. It was the second rocket Continue Reading
With a new man in the White House, Iraq’s Prime Minister, Mustafa al-Kadhimi, appears to believe that Iraq can begin a completely new cycle of playing off the U.S. against Continue Reading
Iraq is willing to spend the money needed to buy coronavirus vaccines, but global supply availability is hampering its efforts to begin inoculating citizens against covid-19. More than 1.5 million Continue Reading
First shipments of three different vaccines are expected imminently, but limited supply and rising infection rates mean other new pandemic counter-measures are also needed. Nationwide oil production held at just Continue Reading
Iraq’s southern crude exports have been averaging 2.7 million b/d in February, in line with the country’s OPEC+ quota, the head of state-owned Basra Oil Co. said in an oil Continue Reading
Iraq awarded seven projects to generate solar power as part of a plan to produce 10 gigawatts of solar energy by the end of 2030, Iraq Oil Minister Ihsan Abdul Continue Reading
Iraq has put on hold an oil supply pre-payment deal with China’s state-owned Zhenhua Oil Co. due to the uptick in crude prices this year, the country’s oil minister told Continue Reading
OPEC’s second-largest producer, Iraq, boosted its crude oil exports by 4.4 percent to 3.44 million barrels per day (bpd) in the first two weeks of February, data compiled by Bloomberg Continue Reading
Iraq’s nationwide crude production held steady in January at just over 4 million barrels per day (bpd), according to an Iraq Oil Report analysis based on data collected independently from Continue Reading
Iraq’s $2 billion oil prepayment deal with China’s state-owned Zhenhua Oil Co. is on hold pending government approvals, the deputy director-general of State Oil Marketing Organization told S&P Global Platts.Now Continue Reading
A rocket attack on U.S.-led forces in northern Iraq on Monday killed a civilian contractor and injured a U.S. service member, the U.S. coalition in Iraq said, in the deadliest Continue Reading
Iraq is committed to the OPEC+ output cuts and will only boost its future crude production if there is demand from international oil markets, a deputy oil minister told the Continue Reading
Iraq needs crude oil to trade at $80 a barrel to be able to plug its budget holes, according to oil minister Ihsan Abdul Jabbar Ismail. In an interview with Continue Reading
Iraq plans to ramp up its refining capacity by more than 80,000 b/d in 2021, oil minister Ihsan Ismaael said Feb. 8, as OPEC’s second largest producer seeks to lower Continue Reading
The new Biden Administration has largely been focused on fulfilling its election promises in its first month in power. After reversing an extensive list of Trump policies via executive orders, Continue Reading
Iraq’s nationwide oil exports declined slightly from 3.304 million barrels per day (bpd) in December to 3.266 million bpd in January, according to an Iraq Oil Report analysis of data Continue Reading
Iraq produced 3.807 million b/d of crude in January, including from the semi-autonomous Kurdistan region, the country’s State Oil Marketing Organization said Feb. 3, as it took criticism from an Continue Reading
Iraq’s federal oil exports in January rose 0.8% month on month amid signs OPEC’s second-largest producer continued to pump above its quota of 3.857 million b/d. Receive daily email alerts, Continue Reading
Iraq’s oil exports increased slightly in January 2021 compared to December 2020, data from the country’s oil ministry showed on Monday, suggesting that Iraq is again looking to maximize oil Continue Reading
Negotiating teams representing Iraq’s federal government and the semi-autonomous Kurdistan Regional Government meet in Baghdad to negotiate over energy and financial issues on April 19, 2020. Iraq’s semi-autonomous Kurdistan Regional Continue Reading
Iraqi Oil Minister Ihsan Ismaael has set an April deadline to resolve a long-running legal action against Turkey for enabling Kurdistan’s independent oil exports — either through a negotiated deal Continue Reading
Near the beginning of December, Bloomberg sources suggested that the French oil major Total SA was looking to rid itself of its 18% stake in the Sarsang exploration block in Continue Reading
Iraq will pump less oil this month and next to make up for excess production last year, the deputy chief of SOMO, the oil marketing company of Baghdad. For both Continue Reading
Iraq plans to cut oil output in January and February to make up for breaching its OPEC+ quota last year, according to the state company that markets the nation’s crude. OPEC’s Continue Reading
Rare twin suicide bombings struck a market Thursday in central Baghdad, killing at least 32 people and injuring 110 more, according to Iraq’s Health Ministry. The blasts came midmorning as Continue Reading
Iraq has postponed its upcoming national elections by four months, as authorities struggle to overcome the kinds of technical and security problems that undermined public confidence in the 2018 elections Continue Reading
There are three major troubling factors for new U.S. President Joe Biden. In the recently agreed US$2 billion five–year prepayment oil supply deal between the Federal Government of Iraq (FGI) Continue Reading
In the upscale shisha lounge of one of Baghdad’s new restaurants, customers puffing on fragrant fruit-scented tobacco sit at gold-rimmed tables flanked by a giant video screen and views of Continue Reading
Iraq’s crude exports to India grew nearly double-digits last year, helping it retain the title of India’s top oil supplier in 2020, but it may struggle to attain similar growth Continue Reading
Insurgents bombed a power transmission station in the Jalula area of Diyala province late Monday, depriving many residents of electricity — the latest in a string of incidents that highlight Continue Reading
After a record-setting 2019, annual oil output fell by about 760,000 bpd as Iraq made extraordinary cuts to help support global prices. The Iraqi Drilling Company completes drilling at the Continue Reading
After a record-setting 2019, annual oil output fell by about 760,000 bpd as Iraq made extraordinary cuts to help support global prices. The Iraqi Drilling Company completes drilling at the Continue Reading
Three of OPEC’s biggest oil producers raised monthly pricing for shipments to Asia, their largest regional buyer, after markets tightened on Saudi Arabia’s plan to slash output. Iraq, Abu Dhabi and Continue Reading
Iraq’s December oil production, including from the semi-autonomous Kurdistan region, rose 4.7% month on month to 3.857 million b/d, to be above the country’s OPEC+ quota, data from the State Continue Reading
Chanting anti-American slogans, thousands of Iraqis converged on a landmark square in central Baghdad on Sunday to commemorate the anniversary of the killing of a powerful Iranian general and a Continue Reading
In line with Iraq’s currently perilous finances and with its future target of increasing crude oil production to 7 million barrels per day (bpd) by 2027 at the latest, Baghdad Continue Reading
Oil exports ended 2020 on a relative high note, but the year saw federal Iraq post its lowest annual export volumes since 2014 and worst revenue total in more than Continue Reading
Highlights Iran slashed gas supplies due to unpaid bills Iranian energy minister pledged to resume supplies Iraq’s 90-day waiver granted on Dec. 30 Dubai — Iraq is still waiting for Continue Reading
Trump administration had been more aggressive on Iraq’s energy deals with Iran, issuing a 45-day waiver in November. U.S. Secretary of State Mike Pompeo looks to Iraq’s Foreign Minister Fuad Continue Reading
Iraq confirmed that it’s selected a Chinese company for a multibillion-dollar oil-supply deal, as the Arab nation seeks funds to bolster an economy reeling from the coronavirus-triggered collapse in energy Continue Reading
Highlights Sea mine on Pola discovered Dec. 31 in international territorial waters Pola is floating storage for high sulfur fuel oil intended for export Latest incident heightens maritime security concerns Continue Reading
