From Al Jazeera
A rocket landed at the headquarters of several global oil companies in Iraq’s southern city of Basra on Wednesday, wounding …
Iraq’s Oil Minister Thamir Ghadhban has called the evacuation of Exxon Mobil staff from the nation “unacceptable and unjustified,” according to Reuters. He …
From the Washington Post
BEIRUT — Two Saudi Arabian oil tankers and a Norwegian ship were damaged over the weekend near the Persian Gulf in what Saudi …
Iraq will be the third-biggest provider of new oil supplies over the next decade, boosting its production by almost 30 percent, according to the International Energy Agency.
The OPEC member will raise output to almost 6 million barrels …
Yamani, al-Naimi, al-Falih. These three men, all Saudi Arabian energy ministers, moved global oil markets for the past 50 years, sometimes with just an utterance. But the kingdom may be about to lose some of its power. Lurking …
From Irish Times
Iranian president Hassan Rouhani will conclude his first official visit to Iraq on Wednesday after signing agreements on energy, trade and the construction of a railway …
Iraq’s foreign minister has said that his country is “not obliged” to abide by sanctions imposed by the US against Iran and would be pursuing options to continue trade.
On 20 December, the US granted …
The Trump administration has given Iraq permission to buy Iranian natural gas without penalty for at least three more months, after pledges from Baghdad to buy American oil and energy technology, U.S. and Iraqi officials …
From Arab News
LONDON: Growth in Iraqi oil production will be squeezed for the next decade despite the country being the second largest OPEC producer …
From MENAFN – Asia Times
Basra protesters set the Iranian consulate ablaze on Friday night, the latest manifestation of outrage against influential actors in Basra city, which should be one of the richest in the country with its massive oil …
From The Washington Times
BAGHDAD — Protesters poured into the streets and picketed oil fields in southern Iraq amid growing discontent over the government’s failure to combat unemployment, …
From Kurdistan 24
Authorities in Iraq have not yet resolved a dispute regarding agreements signed by Russian energy giants Rosneft and the Kurdistan Regional Government (KRG) for assets in the region, Iraqi Ambassador to Russia Haidar Mansour Hadi said earlier …
From Financial Times
In many ways Iraq’s oil industry is a success story.
After decades of isolation, oil production has risen by more than 75 per cent since 2013 to almost 4.5m barrels a day and, despite conflicts with the …
BAGHDAD — Iraq is opening more of its untapped oil and gas resources to foreign developers, hoping to increase revenue after its costly war with …
From PNG News
IRAQ’S oil ministry has postponed its latest exploration licencing round to April 25, giving international oil companies 10 days to study the proposed model contracts.
SP Global’s Adal Mirza writes from Dubai that the petroleum contracts and …
From Xinhua
BAGHDAD, March 26 (Xinhua) — Iraq plans to invite foreign energy companies to a new bid for the exploration and development of 11 oil and gas blocks near …
Earlier today Shell EP Middle East Holdings (ticker: RDS) agreed to sell the entire share capital of Shell Iraq B.V, which holds its 19.6% stake in the West Qurna 1 Oil Field, for $406 million, to a subsidiary of Itochu …
Less than a week into the new year, many oil market experts are beginning to wonder if OPEC will be able to follow through with its production cuts.
Already Iraq, …
Iraq’s central government in Baghdad will be responsible for meeting the production cuts set forth in the OPEC production deal without Kurdistan, according to Kurdish news network Rudaw. …
Oil prices turned positive Wednesday as Iraq said it was willing to join an OPEC cut in production. Iraq and Iran have both been holding out on joining …
Oil prices dropped Monday as markets continue to lose faith that OPEC will be able to reach a production agreement by the end of November.
A meeting this weekend …
Oil prices came back from a nearly 2% decline Wednesday morning following news from the Energy Information Administration that U.S. crude oil inventories fell last week. The oil …
From the Washington Post
IRBIL, Iraq – Islamic State gunmen launched a brazen raid Friday on the northern city of Kirkuk, attacking government buildings and police positions in what local officials speculated was an attempt to divert resources and attention …
Islamic State militants no longer control any oil wells in Iraq following an offensive by government forces last week. Iraqi forces retook the oilfields of Shargat and Qayyarah, leaving ISIS unable to produce oil …
Iraq’s oil ministry is revisiting a program announced four years ago to build four new refineries.
Iraqi Oil Minister Jabbar al-Luaibi has invited international oil companies to invest in the construction …
Oil prices have fallen below the $40 per barrel mark as markets continue to worry about global oversupply of crude oil. Oil prices flirted with the $40 mark earlier this week, but finally …
(IraqiNews.com) Basra – Basra Provincial Council announced that the Japanese government has agreed to lend 2.1 billion US dollars to Iraq for developing Basra refinery and added that the loan will …
OPEC’s biannual meeting has come and gone, but the group’s objective remains the same: defend market share. While some talks may be underway to set a new production ceiling of 32-32.5 …
From Newsweek
Iraq is exporting around 3.3 million barrels of oil a day from Basrah in the south and around 500,000 barrels from the Kurdish region through Turkey. However, despite the record levels of export and production, the country’s finances …
Iran made a statement when the country issued official selling prices for June contracts of heavy crude oil sold to Asia. The most recent pricing information unveiled by Iran is the largest discount to Saudi and Iraqi oil since 2007. …
