Russian Deputy Prime Minister Arkady Dvorkovich (left) and Iraqi Deputy Prime Minister Hussain al-Shahristani (right) look into a ceremonial barrel of crude from the Lukoil-operated West Qurna 2 field, on March 29, 2014, in Basra. The field began first commercial production at 120,000 bpd and is targeting as much as 400,000 bpd by the end of the year. (ALI ABU IRAQ/Iraq Oil Report)

Despite March exports drop, record output for new buoys

As new offshore export facilities come online, Iraq has the opportunity to increase oil sales, despite enduring security and infrastructure challenges.

  • Leo Koot, President for Iraq, TAQA. (TAQA)

    Q&A: TAQA Iraq President Leo Koot

    The head of one of the most strategically valuable investors in Iraqi Kurdistan's oil sector talks production plans and pipeline tie-ins.

  • Shahristani Luaibi Basra refinery

    Iraq exports rebound

    After months of infrastructure work, Iraq’s exports jumped by 551,000 bpd in February, with production set to rise even higher.

  • Ghadhban pointing resized

    Q&A: Thamir Ghadhban

    The prime minister's energy czar talks about production, flaring reduction, refining targets and the ongoing dispute between Baghdad and the KRG.

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Production & Exports

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Refineries & Fuel

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Iraq lands first refinery investor

Satarem CEO Jerome Friler (left) shakes hands with an Oil Ministry refining official as Prime Minister Nouri al-Maliki (center), Oil Minister Abdul Karim Luaibi (right) and Deputy Prime Minister for Energy Hussain al-Shahristani (left) look on. (Source: Prime Minister's Office)

Swiss firm Satarem has signed a "binding MoU" to build and operate a $6 billion refinery in Missan province – the Oil Ministry's first success in attracting private refinery investment.