Gov. Majid al-Nasrawi said he would expropriate floating power stations after Karkey Company briefly shut off electricity supply over $85 million in unpaid bills.
IOCs are investing enough to boost Iraq's overall output despite tight budgets, but short-term fixes are masking fundamental issues that could undermine medium-term growth.
Prices of basic fuels have risen by up to 80 percent and quality has plummeted after a June 6 airstrike crippled IS’s import network of road tankers. US officials say the "best" third of the IS oil sector has now been destroyed.
The commander of a Sunni tribal fighting force discusses the grinding campaign to drive IS out of villages between Makhmour and Mosul.
On the sidelines of an OPEC meeting, Nema talks about the steps Iraq is taking to overcome challenges and hit ambitious production targets.
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Poor weather and power outages cut into exports but an upward trend in the global oil price puts more money in Iraqi coffers.
More in Politics
Whenever the media office of the Council of Ministers releases decisions of the Cabinet, Iraq Oil Report publishes a translation from the original Arabic.
More in Security
A coordinated and well-planned IS offensive that killed the Tuz Khurmatu police chief shook the relatively secure frontline town, setting off alleged extrajudicial killings of prisoners nearby and a violent end to a tentative ceasefire between Kurdish and Turkomen forces.