Iraq Prime Minister Mohammed Shia Al Sudani has directed his ministry to halt imports of middle distillates such as gasoline, diesel and kerosene, claiming his country has achieved self-sufficiency through increased oil production coupled with ongoing additions of refining capacity. Iraq has ramped up oil production and exports, partly through …
Read More »BP’s US$25bn Five-Field Megadeal in Iraq is Finally Activated
Back in 2009, British oil and gas giant BP along with its then-Chinese partner China National Petroleum Corporation secured a technical services contract with Iraq’s state-owned South Oil Company to develop Iraq’s largest oil field – Rumaila – in the first such foreign exploration on the country’s energy sector in …
Read More »Iraq Negotiates Higher OPEC Oil Production Quota
Iraq is in discussions with OPEC to review its oil production quota as output capacity rises, Hayan Abdul Ghani, the Oil Minister of OPEC’s second largest producer, said on Monday. Iraq is in talks with OPEC to reassess its production quota within the country’s available production capacity of 5.5 million …
Read More »Iraq Continues to be India’s Second-Largest Oil Supplier
Iraq continued to be India’s second-largest crude oil supplier during September. According to Kpler, a prominent source of market analytics for the energy and maritime sectors, Russia remained India’s top oil supplier in September, accounting for 33.3 percent of total oil imports, Shafaq News reported. In September, India imported 1.6 …
Read More »Exxon Considers Return to Iraq
Exxon is considering a return to Iraq after leaving the country two years ago, Bloomberg reported, citing an unnamed source who said Exxon was interested in developing the massive Majnoon field. The Majnoon field has estimated reserves of 38 billion barrels, which makes it one of the biggest in the …
Read More »Iraq Eyes Major Oil Production Surge by Year-End
OPEC’s second largest producer, Iraq, plans to increase its oil production capacity to 5.5 million barrels per day (bpd) by the end of the year, up from about 4.4 million bpd now, Iraqi Oil Minister Hayyan Abdul Ghani told the Rudaw news outlet on Wednesday. “The plan is to reach …
Read More »Iraq To Restart Kurdistan Oil Exports on September 27
Exports from the semi-autonomous region of Kurdistan will resume on Saturday, September 27, following agreements reached between Iraq’s federal government, the Kurdistan Regional Government, and a group of international oil companies, Norway-based oil producer DNO ASA said on Friday. However, DNO, one of the major foreign producers in Kurdistan, will …
Read More »Iraq and Turkey Agree to Restart Kurdistan’s Oil Exports
Turkey and the federal Iraqi government have agreed to resume oil exports from Iraq’s semi-autonomous region of Kurdistan via a pipeline to the Turkish coast, Shakhwan Abdullah, Deputy Speaker of the Iraqi Parliament, said this weekend. Oil exports from Kurdistan have been halted for two and a half years, after …
Read More »U.S. and Iraq Discuss Kurdistan Oil Export Dispute
Top U.S. and Iraqi officials have discussed the potential resumption of oil exports from Iraq’s semi-autonomous region of Kurdistan and the role of the U.S. oil companies operating in the country, the Iraqi foreign ministry said on Monday. Oil exports from Kurdistan have now been halted for two and a …
Read More »Syria Attempts to Revive Oil Pipeline with Iraq
Syrian Energy Minister Mohammed al-Bashir announced that he will soon travel to Baghdad, the capital of Iraq, to discuss reviving a significant project with the Iraqi government. In a televised interview, al-Bashir said that he will soon visit Iraq to discuss the rehabilitation of the oil pipeline linking the northern …
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