Iraq not bound by quota; struggling to reverse decline Plus: *Walid Khadduri on the return of Big Oil to Iraq *Iraq presidency council gives oil smuggling law OK *SOFA Update: English text and analysis *Labor Minister target of suicide bomb *Iraqis suffer for lack of basic services *The Mahdi Army bides its time *Much more […]
Results for "iraq oil not part of opec cuts"
As Iraq begins oil cuts, steep challenges remain for OPEC compliance
Technical, financial, and political obstacles will make it nearly impossible for Iraq to meet an OPEC pledge to cut 1 million bpd by May 1.
Iraq orders new OPEC cuts targeting IOC fields
A comprehensive survey of Iraqi fields suggests the Oil Ministry is targeting about 600,000 bpd of production cuts in May, mostly from fields contracted to international oil companies.
Q&A: Ninewa Gov. Najim al-Jibouri
The military commander-turned-governor says Mosul has largely succeeded in re-establishing security — but lagging support from Baghdad is hurting the local economy, including energy investment.
Q&A: Falah Alamri, director general of SOMO
Iraq's top oil salesman discusses the future of Basra Heavy, the choices necessary to implement the OPEC quota deal, and making more money on Kirkuk oil sales.
Iraq faces tough cuts after OPEC deal
For the first time in decades, Baghdad is confronting the fiscally and politically fraught challenge of deciding how to cut oil production, following Wednesday's OPEC agreement.
Q&A: Ali Jassim Hammoud, Director General of the Missan Oil Company
The second largest state oil firm is targeting an increase in oil production to 1 million bpd through expansion of existing facilities and developing new fields in Missan province.
Q&A: Falah Alamri, Director General of SOMO
Days before a major meeting among the world's largest oil producers, Iraq's export chief discusses depressed Kirkuk prices and a big plan for marketing Basra crude.
Iraq prepares for OPEC quota fight
As OPEC members pressure the group's second-largest member to limit production, Iraq's oil leaders lay out the framework for their stern counter-arguments.
Q&A: Hussain al-Shahristani
The deputy prime minister for energy discusses energy relations with Turkey and Iran, the deadlock with the KRG, and the reasons that IOCs shied away from the fourth bidding round.
Iraqi crude output falls as tighter OPEC quotas take effect
Crude production and exports decreased in November as Iraq began output cuts in response to tighter OPEC-plus output targets.
Iraq questions fairness, but closes in on OPEC-plus target
Production cuts and falling exports move Iraq closer to OPEC-plus quota compliance.
Oil production steady as new PM urges review of OPEC quota
October oil output stayed near Iraq's high-water mark for the year as the newly elected prime minister expressed support for OPEC-plus but criticism of Iraq's quota.
Iraqi production stays strong in September, but OPEC-plus cuts loom
Output stays above 4.7 million bpd for third straight month, but reductions are on the horizon as tighter OPEC quotas take effect in November.
Q&A: Oil Minister Ihsan Ismaael
Iraq’s oil chief discusses negotiations with Total and Chevron, arbitration with Exxon, the future of INOC, several gas project updates, and budget talks with the Kurdistan region.
After record year, Iraq readies OPEC cuts
Iraq exported more oil in 2016 than any previous year, but now it must reduce overall production in keeping with an OPEC quota aimed at raising oil prices.
May production rises by 100,000 bpd, but KRG oil still mostly offline
Northern pipeline outage gives Baghdad leeway for southern output increases despite tightened OPEC-plus quotas.
Q&A: Deputy Prime Minister and Finance Minister Ali Allawi
Iraq's top economic and energy leader discusses OPEC policy, forward oil sales, gas projects, economic reforms, and more.
Iraq’s August oil output rises to highest level since April 2020
Production continues to increase as Iraq takes advantage of rising OPEC-plus quotas.
Iraq’s December oil surge caps a year of recovering production
Crude output increased to nearly 4.5 million bpd in December, as Iraq continued opening the taps in response to loosening OPEC-plus quotas.
Iraq exports dip but revenues hit new record
Monthly oil revenues topped $11 billion, boosted by high global prices, but export levels slipped as Iraq bumps up against infrastructure constraints.
Q&A: Iraqi Oil Minister Jabbar al-Luiebi
Undeterred by an impending OPEC production cut, Luiebi turns his attention toward modernizing the gas sector and building long-neglected infrastructure.
Iraq’s oil output surges in June as southern fields ramp up
Production and exports are rising as OPEC-plus quotas continue to loosen and high global oil prices bring record revenues.
Iraq crude oil production up in July as KRG oil trickles back online
Exports and output are rising, but Kurdistan's oil industry is still in crisis due to the northern pipeline outage.