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Oil News in Iraq

Iraq Relations with Turkey Will Be Developed Positively
1/11/2017 - Mr. Jabbar A. Allibi the minster of oil expected a fast development in the bilateral relations between Iraq and Turkey during the next period in the oil & energy sector. ...
Iraq Plans Record February Basra Oil Exports Despite OPEC Cut in Force
1/10/2017 - Iraq plans to raise crude exports from its southern port of Basra to an all-time high in February, keeping exports high even as OPEC production cuts take effect this month. ...
Iraqi PM Says Kurds Exporting More Oil than Allocated
1/3/2017 - Iraq Prime Minister Haider al-Abadi said the autonomous Kurdish region was exporting more than its allocated share of oil as the country seeks to comply with an OPEC output cut. ...
Iraq Boosts Oil Sales to China, U.S., India before OPEC Supply Cuts Bite
12/16/2016 - Iraq is selling more crude oil to its biggest customer, China's Unipec, people familiar with the matter say, digging a deeper foothold in the global supply market just before production cuts agreed wi...
Petrofac Secures US$75M Contract with South Oil Company
12/14/2016 - Petrofac has secured a contract worth US$75 million from South Oil Company (SOC) for its Iraq Crude Oil Export Expansion Project (ICOEEP). The one-year contract, with a one-year option, was awarded fo...
OPEC Crude Oil Production - October 2016
OPEC Crude Oil Production -  October 2016 10/16/2016 - According to secondary sources, OPEC crude oil production averaged 33.39 mb/d in September, an increase of 0.22 mb/d over the previous month. Crude oil output increased mostly from Iraq, Nigeria and L...
Iraq Plans to Trim Basra Crude Exports in November 2016
10/11/2016 - Iraq plans to trim crude oil exports from its southern ports to 3.24 million barrels per day (bpd) in November from 3.28 million bpd planned for the previous month, two trade sources said. ...
Iraq, Kurdistan Jointly Export Kirkuk Oil Again
9/1/2016 - Iraqi state oil firm SOMO and Iraq's semi-autonomous region of Kurdistan have begun jointly exporting crude from the giant Kirkuk oilfield again after cutting a preliminary deal on revenue-sharing, tr...
Oil Exports from Iraq's Southern Ports up from July
8/26/2016 - Oil exports from Iraq's southern ports have averaged 3.205 million barrels per day (bpd) so far in August, exceeding the average level seen in July, two officials from state-run South Oil Company said...
Kurds Ready for New Oil Deal with Baghdad
6/15/2016 - Iraq's Kurds said they are ready to strike an agreement with the central government in Baghdad on a deal to increase oil exports if it guarantees them monthly revenue of $1 billion, more than double w...
Idle Pipeline almost Halves North Iraq February Oil Exports
3/7/2016 - Oil exports from northern Iraq nearly halved in February due to the ongoing outage of a pipeline to Turkey, wiping $350 million off the cash-strapped Kurdistan region's revenues as it battles Islamic ...
Iraqi Kurdistan Agrees to Oil Deal with Baghdad
2/16/2016 - The deputy prime minister of Iraqi Kurdistan said a dispute with Baghdad over oil sales could easily be resolved if the federal government agreed to cover the region's bloated public payroll, includin...
Iraq's Southern Oil Exports Running at 3.3 Mln bpd
1/16/2016 - Iraq's' exports from the southern region have been running at an average daily rate of 3.297 million barrels per day (bpd) so far this month, higher than December's average, unaffected by tribal clash...
Maintenance at Basra Terminals Leads to Some Delays
12/18/2015 - Maintenance work taking place at loading terminals in Iraq's key southern oil hub of Basra is leading to some shipment delays, a trade source familiar with the matter said. ...
DNO Confirms Payment from KRG for Tawke Oil Exports
9/9/2015 - DNO ASA, the Norwegian oil and gas operator, today confirmed receipt of USD 30 million as a gross payment for oil exported from the Tawke field by the Kurdistan Regional Government.
KRG Continues Direct Oil Export
9/6/2015 - Erbil, Kurdistan Region, Iraq - In August, direct oil export from Kurdistan Region continued despite sabotage and attempted theft on the export pipeline inside Turkey borders, which occurred on 27 Jul...
Iraq Oil Ministry Launches A New Exportation System
6/3/2015 - Mr. Fayadh H. Niema the deputy minister of oil opened the system of crude oil exportation in Faw province with an exportation power of 850 thousand barrels / day to export through the southern ports i...
Gazprom Neft Receives First Batch of Iraq Oil
Gazprom Neft Receives First Batch of Iraq Oil 4/9/2015 - Gazprom Neft, the operator of the Badra field development project, has received the first batch of Kirkuk grade oil from the Iraqi government. The crude oil has been given to the company in compensati...
GKP Recommences Oil Supply for Local Kurdistan Use
2/6/2015 - Gulf Keystone Petroleum, an exploration and production company with operations in the Kurdistan Region of Iraq, provides an update on the Company's operations at Shaikan, its key producing asset. ...
Iraq Exports Boost to Add Pressure on 2015 Oil Market
12/4/2014 - Iraq's plan for higher oil exports in 2015, emerging in detail just days after OPEC shunned any output cut, will add to global over supply and is likely to entrench the reluctance of other OPEC member...

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