This Diplomatic Breakthrough Could Slam Oil Prices
Iraq is set to bring long disrupted oil back online, adding fresh barrels to a market already weighed down by ample supplies across the globe. A little over a year Continue Reading
Iraq restarts some Kirkuk oil exports after year-long halt
Iraq on Friday restarted exports of Kirkuk oil, halted a year ago due to a standoff between the central government and Kurdistan’s semi-autonomous region, after a new government in Baghdad Continue Reading
Iraq Resumes Kirkuk Oil Exports A Year After Halt
Iraq resumed on Friday oil exports from the Kirkuk province, a year after it had stopped oil flows from the area due to a dispute with the semi-autonomous Kurdistan region, Continue Reading
Kirkuk exports resume in political test run
Iraq’s federal government has begun exporting oil through the autonomous Kurdistan Regional Government’s (KRG) pipeline to Turkey, under a temporary political agreement that could eventually add over 200,000 barrels per Continue Reading
Islamic State incursions highlight Iraq’s counter-insurgency challenges
An influx of militants from Syria is fueling the self-proclaimed Islamic State (IS) militant group’s ongoing guerrilla war in Iraq – underscoring the extent to which Iraqi security forces are Continue Reading
US gives Iraq 45-day sanctions waiver to limit power shortages: State Department
The US granted Iraq a 45-day waiver to sanctions on dealing with Iran to allow Baghdad to continue to pay for natural gas and electricity imports in the face of Continue Reading
Oil minister wants new INOC law
Oil Minister Thamir Ghadhban, a longtime proponent of reconstituting the Iraqi National Oil Company (INOC), is pushing the Iraqi Cabinet to redraft the law that would govern the company. Iraq’s Continue Reading
Exclusive: Iraq to increase oil output and exports, waits on Iran sanctions – minister
Iraq plans to increase its oil output and export capacity in 2019, with a focus on its southern oilfields, and is close to reaching a deal with international companies, Oil Continue Reading
Exclusive: Iraq close to deal with foreign firms to upgrade output, export capacity
Iraq is in talks with international companies to help upgrade its oil production and export capacities and an agreement is to be reached soon, Iraqi Oil Minister Thamer Ghadhban said Continue Reading
US gives Iraqis an out on Iran sanctions
As Iran sanctions went into effect today following President Donald Trump’s withdrawal from the nuclear accord, Washington has agreed to grant Iraq a key exemption that would spare it from Continue Reading