February production falls as OPEC cuts begin to bite
Iraq’s total oil production fell by about 70,000 barrels per day (bpd) in February as the government took measures to cut output in line with an OPEC agreement. The federal Continue Reading
IS Tries To Hit Oil Field In Northern Iraq
Security forces at the Alaas field in northern Iraq have thwarted an attack by Islamic State militants, killing and injuring several attackers, Iraqi media report citing a statement from the Continue Reading
Flooding threatens Majnoon field
Iraq risks losing over 100,000 bpd of production as flood waters overcome failing infrastructure. An aerial view on March 18, 2019, of a dirt berm north of the Majnoon oil Continue Reading
Iraqi Basrah crude premium strengthens amid Venezuelan disruption
Premium for Iraqi crude continue to strengthen this month highlighting the supply tightness in medium, heavy sour crude supply seen globally since disruption of exports from Venezuela. Receive daily email Continue Reading
U.S. grants Iraq another Iran sanctions waiver
Another 90-day waiver allows for critical power purchases as Iraq tries to balance relations between rival powers. Iraqi Prime Minister Adil Abd al-Mahdi meets with U.S. Secretary of State Mike Continue Reading
Water woes hit henna plant farms in Iraq’s Fao peninsula
n southern Iraq, where the Euphrates and Tigris rivers meet, the Fao peninsula was once known for its swathes of henna plants and palm trees. But the lush greenery of Continue Reading
Baghdad hikes monthly payment to Kurdistan
Iraq’s federal government has roughly doubled the amount of its monthly transfer to the autonomous Kurdistan Regional Government (KRG) — a sign of a deepening relationship of interdependence between Baghdad Continue Reading
Iraq and China to sign massive financing deal
Iraq and China are set to finalize a major bilateral agreement that would give investors access to roughly $10 billion worth of financing. The deal is likely to accelerate the Continue Reading
Oil Police interdict Kirkuk-area smuggling operation
Iraqi Oil Police fought a two-hour gun battle with smugglers tapping a remote well in the Jambur oil field this week, the latest incident in an uphill battle the Iraqi Continue Reading
Deadly insurgent ambush highlights security vacuum
At least six paramilitary fighters died in an insurgent ambush on Wednesday – the latest incident highlighting a problematic security vacuum in Iraq’s disputed territories. Despite recent efforts to improve Continue Reading