Energy

Iraq ends 2024 with deep production cuts

Steep reduction at Rumaila brought Iraq's December production average to its lowest level in 18 months as Iraq continues to restrain output in an effort to meet OPEC-plus expectations.

Personnel from the state-run Iraqi Drilling Company (IDC) operate a drilling rig at the Zubair oil field in Basra in September 2024. (Photo credit: IDC)

Oct 16, 2019

Ismaael removed as head of Basra Oil Company

One of Iraq's top oil leaders has been dismissed, as the Cabinet enacts orders to replace dozens of directors general.

Oct 16, 2019

UPDATE: Iraq gets another Iran sanctions waiver from Washington

The State Department approved another 120 days exempting Iraq from U.S. sanctions on Iran, just before a prior waiver was set to expire.

Oct 10, 2019

Q&A: Mansour Mareed Attia, governor of Ninewa province

Five months into his tenure, the new governor discusses the status of Mosul reconstruction, security, and energy sector investment.

Oct 2, 2019

Nationwide oil exports dip in September

Crude sales decrease as Baghdad moves toward OPEC quota compliance and the KRG contends with a planned pipeline outage.

Oct 1, 2019

Q&A: Najim Abdullah, director of the Zubair oil field commission

Iraq's number two oil field is planning to raise output by more than 200,000 bpd in the next three years — if it a can secure new supplies of water.

Sep 20, 2019

Record August production highlights Iraqi spare capacity

As oil markets respond to geopolitical conflicts, a record month for Iraqi crude production showcases the latent potential of the country's state-run fields.

Sep 15, 2019

To diversify power supply, Iraq signs framework deal with Gulf countries

New agreement could link Iraq into the GCC’s "energy highway," in an effort to meet rising electricity demand and reduce dependence on Iran.

Sep 5, 2019

Sanctioned Russian company moves toward Iraq exploration deal

The Oil Ministry has initialed a contract with Stroytransgaz – a target of U.S. sanctions on Russia – for exploration and development in Anbar province. The deal awaits final Cabinet approval.

Sep 4, 2019

Total Iraqi oil exports rise to 4.077m bpd in August

The federal Oil Ministry and the KRG both increased export rates, largely offsetting a decline in global crude prices.

Aug 31, 2019

Iraq seeks minority partners to develop massive Mansuriya gas field via state company

After terminating its contract with TPAO, the Oil Ministry is relying on the state-run Midland Oil Company to operate a key gas field — and is seeking private-sector partners.