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Large fire causes partial shutdown of Rumaila production

Iraq's most prolific oil field temporarily lost about 120,000 bpd of production after 60 wells were taken offline in response to a storage tank fire.

A fire burns at Degassing Station 5 off the Rumaila oil field on Jan. 24, 2025. (JASSIM AL-JABIRI/Iraq Oil Report)

Iraq signs 5-plus and 6th round contracts

Thirteen deals from the May licensing round were finalized and signed at a ceremony in Baghdad, as Chinese firms further expand their footprint in Iraq’s oil sector.