Iraq
Iraq’s oil ministry: August oil exports averaged 3.216 mln bpd

Iraq’s oil exports slipped to 3.216 million barrels per day in August from 3.230 million bpd in July as no shipments were made from the northern Kirkuk field, the oil ministry said All the volumes...

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Iraq reduces Kirkuk oil exports to comply with OPEC’s agreement and meet local needs

According to Reuters, Iraq cut Kirkuk oil exports to fulfill commitment agreed with OPEC and provide the fuel needed to meet local needs in light of its war against al-Islamic state. The Kurdistan...

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Iraq’s Kurdistan negotiates $3 billion oil pre-payment deals

Iraq’s Kurdistan has agreed new deals to borrow $3 billion from trading houses and Russian state oil firm Rosneft that will be guaranteed by future oil sales to strengthen its fiscal position...

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Iraq, oil companies agree to restart investment, boost output

Iraq has reached agreement with BP, Shell and Lukoil to restart stalled investment in oil fields the firms are developing, allowing projects that were halted this year to resume and crude production...

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Maliki threatens Kurds if they export oil to Turkey

As if Prime Minister Nouri al-Maliki didn’t have enough problems battling city-grabbing al-Qaida insurgents in western Iraq, his simmering faceoff with independence-minded Kurds in the north...

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Providing Egypt with 4 million barrels of the Iraqi Basra crude per month

During a visit by the Egyptian Prime Minister Hisham Qandeel to Baghdad in early March 2013, the media advisor of the Iraqi Prime Minister Ali Al-Mousowi announced that his country has agreed to...

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The Russian Gazprom joins a new oil project in Kurdistan- Iraq

“Gazprom” – the giant Russian group active in the gas field – announced that it has joined a new project to extract oil in the Iraqi Kurdistan despite the tensions with the...

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Iraq’s oil production to boom over coming decades

Despite decades of war, civil unrest and a very recent, complete regime overhaul, Iraq has clamored its way up to become the world’s third largest oil exporter.   As foreign and national...

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An emergency plan to face the closure of the Strait of Hormuz

The Government Energy Committee in Iraq made an emergency plan to face any crisis that might arise if Iran closed the Strait of Hormuz, which could disrupt about 80% of the Iraqi oil exports. The...

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Turkey will continue extending an oil and gas Kurdish pipeline with the consent of Baghdad

The Iraqi Oil Minister Abdul Karim Loaibi said that Turkey had informed Iraq that it will refuse to extend any oil and gas pipelines from Kurdistan without the approval of the the Baghdadi government...

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