Iran’s Oil Minister Mohsen Paknejad arrived in Iraq on Monday at the invitation of his Iraqi counterpart. Upon arrival, Paknejad paid tribute to the memorial site of the martyrs General Qassem Soleimani and Abu Mahdi al-Muhandis. The Oil Minister’s visit to Baghdad will last two days, and he is scheduled …
Read More »Iraq Seeks to Resume Talks on Restoring Kurdistan’s Oil Exports
The Iraqi Oil Ministry is calling for an urgent meeting to discuss the long-awaited and delayed resumption of oil exports from the semi-autonomous region of Kurdistan, state media reported on Friday. In February, Iraq and Kurdistan appeared to be close to agreeing on all technical and financial details about resuming …
Read More »Iraq Hands BP Final Approval for Kirkuk Oil Development
British Oil & Gas giant BP Plc (NYSE:BP) has received final approval by the Iraqi government for the redevelopment of the giant Kirkuk oil fields, with an initial plan to produce 3B boe. BP will develop Iraq’s Kirkuk oil and gas fields based on a profit-sharing model, Iraqi oil ministry …
Read More »Iraq Seeks Floating Gas Terminals to Bridge Power Gap
Iraq is in talks with several companies to secure two floating storage regasification units by early June, as OPEC’s second-biggest producer tries to address power shortages caused by a US move against Iran. The US decided earlier in March not to renew a waiver that allowed Iraq to buy electricity …
Read More »Turkey Aims for Iraq-Turkey Oil Pipeline to Run at Full Capacity
Turkey is seeking to maximise the Iraq-Turkey oil pipeline’s capacity as operations resume through Ceyhan, according to Turkish Energy Minister Alparslan Bayraktar. Bayraktar emphasised Turkey’s readiness to resume operations, despite a lack of confirmation on flow resumption, according to a report by Reporter. Turkey halted the operation of the pipeline …
Read More »India’s Iraqi Oil Imports Rise in February, Russian Shipments Decline
India’s crude oil imports from Iraq increased in February 2025, according to data from analytics firm Kpler. India’s oil imports from Iraq increased 8.3% this month compared to January, surpassing 1.1 million barrels per day (bpd), the data showed. Conversely, imports from Russia reportedly fell by 14.9% to an average …
Read More »Iraq Eyes Qatari LNG Imports as It Reduces Reliance on Iran
With Iraq’s hydrocarbons making waves and LNG and KRG oil hitting the headlines, the potential for a bright future in the energy sector is becoming increasingly evident. Iraq’s hydrocarbon future looks promising if Prime Minister Al Sudani’s government can implement a more functional and feasible investment strategy in the coming …
Read More »Iraq Exports over 6 Million Barrels of Oil to US in January
The US Energy Information Administration (EIA) revealed on Sunday that Iraq exported more than six million barrels of oil to the United States in January 2025. The EIA mentioned that Iraq’s crude oil exports to the United States reached 6.23 million barrels in December, less than the country’s oil exports …
Read More »Iraqi Parliament Clears Key Hurdle to Kurdistan Oil Export Restart
On Sunday, Iraq’s parliament voted on a key plan for the compensation of oil companies operating in the semi-autonomous Kurdistan region that would speed up the restart of crude oil exports from the region. According to a Bloomberg report, MPs decided to allocate $16 per barrel produced in Kurdistan and …
Read More »BP’s High-Stakes Return to Kirkuk
The history of the British Petroleum Company (bp) in Kirkuk and Iraq can be traced back to the 1920s, when the company—later named BP—spearheaded the operations of locating, exploring, producing, and exporting crude oil from Baba Gurgur in Kirkuk, which was considered the world’s largest oilfield at the time. The …
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