Energy

Strategic water project makes progress, helped by Chinese financing

A China-Iraq finance program is set to provide billions of dollars for a seawater supply project that promises to enable a transformational increase in Iraq's oil production.

Flares burn at the Rumaila oil field on June 6, 2020. To fight natural reservoir decline and achieve its production potential, the field needs increasing supplies of water. (JASSIM AL-JABIRI/Iraq Oil Report)

Mar 11, 2015

Private investors building financial life raft for KRG

Venture would give Kurdistan a much-needed cash infusion but would divert future revenue streams earmarked for infrastructure and education.

Mar 6, 2015

IOCs asked to suggest contract changes

Oil price drop prompts Oil Ministry to request cost-cutting measures this year and contractual changes that will alter the decades-long contracts.

Mar 3, 2015

Exports, revenues increase in February

Rising Baghdad-KRG oil cooperation and recovering oil prices help offset southern export slump.

Mar 3, 2015

Iraq seeks bond revenue to make delayed IOC payments

Oil Ministry and IOCs also begin talks to negotiate contract changes as the oil price drop hits budgets.

Feb 3, 2015

Oil exports fall in January

Political disputes, bad weather, crude quality problems and infrastructure delays set back much needed revenues.

Jan 29, 2015

South exports drop due to quality problems

Loading buoys in the Basra Gulf are left idle as tankers refuse some cargoes.

Jan 21, 2015

Q&A: Missan Oil Company DG Adnan Noshi Sajit

Oil production is booming in Missan province, which now accounts for nearly one-tenth of Iraq's output.

Jan 9, 2015

U.S. court takes on Iraq oil disputes

A Texas court has denied a KRG motion to dismiss, and will hear a full-blown trial on the fate of a 1 million barrel tanker of oil exported by Kurdistan.

Jan 7, 2015

NOC oil heading to market via Kurdistan

Around 150,000 bpd from Kirkuk is being pumped to Turkey for the first time in 10 months.

Jan 5, 2015

Q&A: Baz Karim, CEO of KAR Group

The CEO of Iraq’s largest private-sector energy company discusses KAR Group's projects across northern Iraq.