Tag Archives: Iraq

The Undersecretary of the Iraqi Oil Ministry, Basim Mohammed Khudair, stated on Saturday that Iraq will benefit from all available associated gas and achieve self-sufficiency in gas by 2030, the Iraqi News Agency (INA) reported. Khudair also indicated that foreign companies expressed their desire to invest in associated gas-related projects. …

The price of Basra crudes has experienced a slight increase as the week concluded with Saudi Arabia and Russia, the world’s leading oil suppliers, announcing further cutbacks in their oil production. Basra Heavy crude witnessed a marginal rise as the final session closed yesterday, up by 48 cents, to settle …

The United States has issued Iraq a new 120-day waiver allowing the country to pay Iran for electricity via non-Iraqi banks, Reuters reported on Tuesday, quoting a U.S. official as saying. Based on the waiver, signed by the U.S. Secretary of State Antony Blinken on Tuesday, Iraq will be able …

The US Energy Information Administration announced on Tuesday that Iraq’s oil exports to the United States had reached approximately 46 million barrels during the first quarter of 2023. According to a table published by the administration, “Iraq’s exports of crude oil and its products to the United States during the …

The Director General for Studies and Planning at the Iraqi Oil Ministry, Naseer Aziz Jabbar, explained on Monday that energy projects carried out by TotalEnergies in Iraq will be completed in 2028 and 2029, the Iraqi News Agency (INA) reported. TotalEnergies signed last week a $27 billion energy deal expected …

OPEC oil producer Iraq intends to award a new project for the construction of a solar power plant with a generation capacity of 700 megawatts, the country’s Electricity Minister Ziyad Ali Fadel was quoted as saying on Friday by Baghdad Al-Yaum news agency. The minister noted that the Cabinet would …

Iraq’s oil production may be impacted by a recent agreement to pay for Iranian gas imports through a barter deal involving fuel oil and crude oil from Baghdad, according to a state oil marketing company SOMO source. Iraqi Prime Minister Muhammad al-Sudani announced the deal to solve difficulties in paying …

Iraq’s parliamentary oil and gas committee plans to increase the country’s oil production to more than five million barrels per day, according to the release of committee minutes last week. As analysed in full in my new book on the new global oil market order, not only could this be …

Iraq will begin trading crude oil for Iranian gas to end the recurring issue of payment delays to Tehran due to the need for US approval, Iraqi Prime Minister Mohammed Shia Sudani said on Tuesday (July 11). He said Iran had cut gas exports to Iraq by more than 50% …

India has initiated exploratory talks with Iraq to assess the possibility of building facilities to liquefy natural gas that is flared at the West Asian country’s oil and gas facilities, and transporting it as liquefied natural gas (LNG) to India, a senior government official said. The proposal came up during …