Iraq depends on Iran for more than one-third of its power generation — a major sticking point as Washington prepares to re-impose sanctions. Iraq is negotiating with the U.S. for Continue Reading
A new report on Iraq’s oil production capability says a series of problems, including export bottlenecks caused by a lack of infrastructure, will continue to limit the country’s oil output Continue Reading
With more than 300,000 bpd of new capacity coming online this year, Iraq is well positioned to take market share as U.S. sanctions snap back on Iran. Iraq Oil Minister Continue Reading
Iraq’s oil production will only grow marginally over the next 10 years despite its potential capacity, which stands at as much as 7 million bpd, an analyst from IHS Markit Continue Reading
Highlights Kurdish deal would boost exports 400,000 b/d Progress on crude trading JVs with IOCs Baghdad — Iraq can increase oil production “immediately” to support the market ahead of the Continue Reading
Iraq’s Western-backed prime minister Haider Al-Abadi is facing growing domestic discontent as veiled criticism from the country’s top Shia cleric and violent street protests threaten his attempts to form a Continue Reading
Nationwide oil production grew steeply again in August, as the federal government continued to unlock field capacity in the wake of loosening OPEC constraints. Combined output from the federal government Continue Reading
Last week, rioters burned down several buildings in Basra, a major city in Southern Iraq and home to most of the country’s oil production. Despite its oil riches, southern Iraq Continue Reading
Iraq replaced Saudi Arabia in August as the top oil supplier to India, data from industry and shipping sources showed, as refiners turned to Iraqi barrels to compensate for a Continue Reading
London-listed independent operator and producer Gulf Keystone Petroleum said on Monday that it would resume investing in the Shaikan oil field in Iraq’s Kurdistan Region, aiming to boost production to Continue Reading
