Energy

Iraqi production declines in February on Rumaila accident

Nationwide output fell by about 60,000 bpd, but appears set to rebound as Iraq's most prolific field recovers from a damaging fire.

Iraqi Oil Minister Hayyan Abdulghani (center left, red tie) visits the Rumaila oil field on March 2, 2025. (Photo credit: Oil Ministry)

Nov 16, 2021

Q&A: Hussein Abdul-Kadhim Hussein, director of the Rumaila Operating Organization

Even though Iraq is emerging from OPEC-plus quota constraints, its most prolific oil field is still producing well below capacity as BP, PetroChina, and BOC negotiate near-term plans.

Nov 11, 2021

Iraqi oil output edges lower in October

Production dipped slightly, but loosening OPEC quotas mean Iraq is gaining leeway to draw on spare capacity.

Nov 4, 2021

U.S., UK firms join Halliburton bid for Exxon’s stake in West Qurna 1

The American investment firm Twelve Seas and the UK's Wood Group are proposing to partner with Halliburton to buy Exxon’s interest in one of Iraq’s largest oil fields.

Nov 2, 2021

October oil exports steady as rising prices lift revenues

Thanks to surging global crude prices, Iraq generated its highest monthly oil export revenues since October 2018.

Oct 20, 2021

Iraq continues uptrend with September crude production surge

Iraq's countrywide oil output increased 3 percent in September as OPEC-plus quotas rise.

Oct 19, 2021

Qayarah back online under new agreement

Sonangol has renewed a temporary deal with the Oil Ministry to resume partial production at the Qayarah field in Ninewa province.

Oct 18, 2021

Q&A: Kadhim Matroud, BOC director for Siba gas field

Output is rising at Iraq's only commercially producing dry gas field, but reserves estimates have been cut in half.

Oct 6, 2021

INOC moves to join TotalEnergies in mega-projects

The Iraqi Cabinet has approved the newly formed Iraqi National Oil Company (INOC) to take a partnership stake in a multi-faceted energy deal.

Oct 5, 2021

Qayarah field offline again

Four months after the Ninewa province field came back online, production has again stopped.

Oct 4, 2021

Iraqi exports keep climbing as OPEC quotas ease

Nationwide exports hit their highest monthly average since May 2020.