Iraq
News
January 08, 2018
Iraq’s parliament wants the Kurdish Kar Group to halt work at its oil operations in the disputed northern region of Kirkuk, which the central government reclaimed from the OPEC country’s semi-autonomous Kurdish authorities in October.
News
May 22, 2017
OPEC’s second biggest producer is also its biggest cheater. And if past is prologue, that lengthens the odds the group will be able to squeeze too many more price gains out of its output cuts.
News
May 17, 2017
Iraq is on track for what may be the country’s highest monthly crude exports even as the Middle East nation supports moves to extend OPEC-led production cuts.
News
May 10, 2017
When one of the biggest crude producers in Iraqi Kurdistan downgraded reserves in March, doubts about the economic potential of the region -- a key player in the fight against Islamic State terrorism -- deepened. But evidence suggests it’s too soon to write off the emerging oil province.
News
April 25, 2017
Petrofac has secured a series of contract awards worth more than $70 million for engineering, operations and maintenance services in Iraq.
News
April 12, 2017
Lukoil has completed a field 3D seismic survey at West Qurna-2 field in Iraq. The survey covered an area of about 450 km2.
News
March 28, 2017
LUKOIL has applied innovative technologies for examination of core samples of the West Qurna-2 field.
News
March 28, 2017
Genel Energy Plc sank to the lowest since the shares started trading after it reduced estimated reserves at its flagship oil field in Iraqi Kurdistan and scrapped an output forecast for the deposit.
News
March 16, 2017
Iran is on track to out-produce Qatar, the world’s biggest LNG exporter, at the vast natural gas deposit they share in the Persian Gulf. But as much as they might want, the Iranians won’t have much gas to export because they are likely to use most of the new production themselves.
News
March 16, 2017
Iraq pumped 4.57 MMbopd in February and plans to boost output later in the year even as the OPEC member reaffirmed its commitment to the group’s decision to cut production to counter a global glut.
News
March 10, 2017
Gazprom Neft Badra—a subsidiary of Gazprom Neft—has commissioned three new production wells (BD-2, P-14 and P-10) at Badra field in Iraq.
News
March 08, 2017
Iraq achieved production of 4 MMbopd in mid-2016, but the country plans to reach 5 MMbopd by the second half of 2017, said Jabbar Ali Al-Luiebi, Minister of Oil for the Republic of Iraq, during a ministerial address Tuesday at the 2017 CERAWeek conference.
News
March 06, 2017
OPEC will increase its production capacity by about twice as much as previously thought, led by expansion in Iran and Iraq, the International Energy Agency (IEA) said.
News
March 02, 2017
Iraqi oil shipments of about 105,000 bpd were halted briefly on Thursday after Kurdish troops seized control of a pumping station in disputed Kirkuk province and demanded that crude shipments to the country’s central government be stopped.
News
March 02, 2017
Iraq’s crude exports rose 1% by volume in February, contrasting with a decrease in monthly shipments by Saudi Arabia after both countries agreed to OPEC’s plan to cut oil production in an effort to prop up prices and trim a global oversupply.
News
February 22, 2017
LUKOIL and INPEX have successfully completed the testing of the first exploratory well, Eridu 1, at Block 10 in southern Iraq.
News
February 20, 2017
Rosneft has begun drilling of the first exploration well at the Block 12 in the Republic of Iraq.
News
February 16, 2017
Iraqi crude shipments rose 3% in the first half of February even after OPEC’s second-biggest producer agreed to participate in global output cuts to mop up a glut that has put pressure on oil prices.
News
February 13, 2017
Iraq’s oil exports are poised to slump to a seven-month low in March as ongoing maintenance at some of its biggest fields coincides with a seasonal slump in shipments, potentially helping the country to meet a pledge to OPEC that it would restrict crude supply.
News
February 01, 2017
Iraq won’t bar U.S. citizens from entering the country, Prime Minister Haider Al-Abadi said, averting a potential disruption to the oil industry of OPEC’s second-biggest producer.
News
January 23, 2017
The government of Iraqi Kurdistan paid international oil companies for the first time in seven weeks, as rising crude prices gave a much-needed boost to the region’s coffers.
