Iraq is making progress in negotiations with ExxonMobil and the China National Petroleum Corp. (CNPC) for a multi-billion-dollar deal that is key to expanding the country’s oil production and export Continue Reading
The Trump administration has granted Iraq a new, 90-day exemption from sanctions targeting Iran, enabling Iraq to continue energy imports that account for about one-third of the country’s electricity supply. Continue Reading
Iraq has agreed on a deal with U.S. company Schlumberger Ltd to drill 40 wells in the giant Majnoon oilfield, the Oil Ministry said on Wednesday. Iraqi Oil Minister Thamir Continue Reading
Iraq has increased production at its southern Halfaya oilfield by 100,000 barrels per day (bpd) to a total of 370,000 bpd, an oil official told Reuters on Wednesday. Halfaya, operated Continue Reading
Iraqi Oil Minister Thamer Ghadhban said on Monday he expected the fall in oil prices to stop and for prices to rise over time, adding that if OPEC had not Continue Reading
Iraqi oil exports in November fell 80,000 b/d to 3.809 million b/d as an increase in flows from the Kurdistan region was offset by a fall in loadings from the Continue Reading
Iraq, OPEC’s second-largest oil producer and one of Iran’s largest trade partners might come to enjoy even longer sanction waivers from Washington than the eight countries that scored a 180-day Continue Reading
Improvised explosive devices (IED) were found in the vicinity of two oil fields in southern Iraq this week, a discovery that occurred in conjunction with a shooting at another oil Continue Reading
Even more cracks may be forming within OPEC, even as market pundits continue to analyze Qatar’s decision two days ago to withdraw from the oil producing cartel. Michael Cohen, head Continue Reading
Iraq’s revenues fell steeply, as the mid-month resumption of Kirkuk oil sales via Turkey was not enough to offset southern export disruptions and sinking oil prices. Nationwide exports fell by Continue Reading
