Heavy fuel oil exports have become a major revenue stream for Iraq, but new international regulations are projected to lower demand drastically.
After a decade of failed efforts to strike downstream deals with top-tier companies, the Oil Ministry is looking to de-risk refinery investment.
In the first month after OPEC decided to extend its production cuts, Iraq's Oil Ministry barely adjusted its output.
As Iraq pursues energy independence, the country's oil chief is streamlining the bureaucracy, crafting new investment incentives, and preparing to award mega-projects.
Iraq's largest state oil company is expanding production capacity and building new infrastructure as it waits out an OPEC quota.
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Iraq's OPEC cuts have masked a key problem: export capacity isn't keeping pace with production gains, and many solutions are years away.
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Whenever the media office of the Council of Ministers releases decisions of the Cabinet, Iraq Oil Report publishes a translation from the original Arabic.
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Two months into Turkey's new military offensive targeting PKK positions in Iraqi Kurdistan – and following the assassination of a Turkish diplomat in Erbil – a decades-old conflict is entering a volatile new phase.