IS Attacks Oil-Guarding Security Forces In Iraq
Two attacks by the Islamic State in Iraq occurred this weekend, targeting oil police and other security forces, local media report . “One member of an oil police unit died Continue Reading
Iraq sustains near-record exports to start 2019
Iraqi crude sales in January hit their second-highest monthly average ever, as the federal government and autonomous Kurdistan Regional Government (KRG) combined for 4.081 million barrels per day (bpd), according Continue Reading
Iraq To Boost Majnoon Field Production To 450,000 Bpd
Basra Oil Co,. the state-owned operator of the huge Majnoon field in Iraq, plans to boost production from it to 450,000 bpd by 2021 by drilling 40 new wells, Reuters Continue Reading
Kirkuk oil smuggling rings thrive amidst corruption
Authorities in the Iraqi government and the autonomous Kurdistan region are struggling to address the worsening problem of endemic smuggling from Kirkuk oil fields, where thousands of barrels are stolen Continue Reading
New budget hikes spending, including windfall for KRG
Iraq’s Parliament passed a 2019 budget law Thursday – breaking through political gridlock by authorizing massive increases in spending, including new revenue guarantees for the autonomous Kurdistan region. The new Continue Reading
Court presses Baghdad, KRG for details of oil disputes
Iraq’s Federal Supreme Court is seeking more information from both sides in a landmark, seven-year-old case before ruling on legal challenges to the autonomous Kurdistan Regional Government’s (KRG) independent oil Continue Reading
Supreme Court rules against INOC law
Iraq’s Federal Supreme Court ruled on Wednesday that several articles of a law to revive the Iraqi National Oil Company (INOC) were unconstitutional – effectively sending the government back to Continue Reading
December production hits all-time high, capping 2018 gains
Iraq’s oil sector ended a record-setting year with its most prolific single month of crude production ever. Overall crude output from fields controlled by both the federal government and the Continue Reading
Iraq to upgrade southern oil output capacity in 2019: Basra Oil Co
BASRA (Reuters) – Iraq plans to raise output from its southern Majnoon oilfield to 290,000 barrels per day (bpd) by the end of 2019 and to 450,000 bpd by the Continue Reading
No ‘either-or’: Iraq wants both Siemens and GE for fast-track power boost
Iraq is significantly narrowing the scope of impending deals with two international companies that had been competing for massive, long-term contracts, as the Electricity Ministry sharpens its focus on the Continue Reading