A barrage of drone attacks in the past four days highlights rising security threats stemming from regional conflicts and ...

Iraqi oil production increased by about 50,000 barrels per day (bpd) in May, boosted by the continuing recovery of the ...

Real-time updates provide an insider's level of detail and insight into political, commercial, and security developments in federal Iraq and the Kurdistan region. Leverage our network of nearly two ...

Production and exports have not suffered major interruptions so far, but exodus of foreign oil workers and border closures ...

Iraqi Oil Minister Hayyan Abdulghani presides over the first day of the 5-plus/6th licensing round in Baghdad on May 11, 2024. (Photo credit: Prime Minister's Office) Lizzie Porter, Ali al-Aqily and ...

Throughout most of 2024, nationwide crude output had been outpacing the production levels of the past two years despite Iraq's tighter quota commitments. But reductions in the final months of the year ...

In a hearing that was closed to the press, the Commercial Court handed down rulings declaring that four of the KRG's oil contracts are invalid, according to a senior Oil Ministry official. Multiple ...

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 ...

Neither the Oil Ministry nor Ukrzemresurs has announced any change in the company's status at Akkas, but the Iraqi government's decision to end the contract was confirmed by two senior Oil Ministry ...

The so-called South Basra Integrated Project (SBIP) is the latest deal for Iraq that seeks to leverage investor interest in upstream oil development to secure financing and technical capacity for ...

The first phase is now expected to be operational in 2028, according to multiple officials involved in the project. Five million barrels per day (bpd) of water taken from the Basra Gulf will be ...

Hossam Hussein Wali, director general of the South Refineries Company, at his office in Basra in September 2024. (ALI AL-AQILY/Iraq Oil Report) Ali al-Aqily of Iraq Oil Report Monday, September 9th, ...