Last week’s agreement by the London-based oil and gas company TechnipFMC to pay US$5.1 million to settle an Iraq-related corruption case with the U.S. Securities and Exchange Commission (SEC) again Continue Reading
With Iraq’s oil production in August hitting an all-time record high of 4.97 million barrels per day (bpd), according to local Iraqi sources, the country is virtually at the maximum Continue Reading
Iraq set an all-time record for oil output in August, producing nearly 5 million barrels per day (bpd) — a significant increase that demonstrates the country’s potential to provide a Continue Reading
Two months into Turkey’s new military offensive targeting PKK positions in Iraqi Kurdistan – and following the assassination of a Turkish diplomat in Erbil – a decades-old conflict is entering Continue Reading
The political fortunes of the Kurds have ebbed and flowed over the decades. After a good run since achieving semi-autonomy in northern Iraq following the 1991 Gulf War, shifting Middle Continue Reading
Iraq is confronting a major strategic vulnerability — its lack of diversified oil export routes — as Iran continues to disrupt shipping lanes amidst rising tension with the U.S. More Continue Reading
An American consortium led by Honeywell is poised to win a major gas deal in Iraq, bolstered by U.S. government lobbying for projects that would reduce Iraqi dependence on Iranian Continue Reading
As OPEC members reaffirm a quota agreement, Iraq has posted two straight months of elevated production. Deputy Oil Minister Fayadh Nema (center left) and Basra Oil Company Director General Ihssan Continue Reading
In line with its targets for increasing crude oil production to 6.2 million barrels per day (bpd) by end-2020 and 9 million bpd by end-2023, up from the current 4.6 Continue Reading
Iraq’s oil exports from its southern ports have reached 3.42 million barrels per day (bpd) so far in July, two oil officials told Reuters on Monday. Exports from its southern Continue Reading
