Election law sparks hope, but reformers remain concerned
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A new proposal from SOMO asks crude buyers to pay up front for a year's worth of exports to secure a 5-year supply — part of Iraq's response to a cash-flow crisis.
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As hostilities with Iran resume, a shortened waiver period gives the outgoing Trump administration one last opportunity to wield economic leverage in Iraq.
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SOMO is using the launch of its new Basra Medium crude grade as an occasion to revamp the specifications for its flagship Basra Light and Basra Heavy, too.
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Q&A: Marfaa Kadhim al-Assadi, deputy director of Basra Gas Company
Now that Shell personnel have returned, BGC is focused on resuming delayed projects to turn more flared gas into electricity and revenue for Iraq.
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Q&A: Hossam Hussein Wali, director general of the South Refineries Company
Iraq is expanding existing refineries, but greenfield projects in the south are not moving forward.
October production rises 4% despite OPEC-plus quota
Iraqi crude output increased by 150,000 bpd as the Oil Ministry struggles to balance between meeting OPEC obligations and addressing a severe cash shortage.
- KDP-PKK conflict intensifies near Kurdistan oil fields
- Export increase gives Iraq more oil revenues despite price drop
- KRG plans to privatize power distribution, bill collection
- Oil Ministry orders 250,000 bpd October production hike
- Iraq’s September production drops 200,000 bpd toward OPEC+ compliance
Iraqis view Biden victory with cautious hope
A broad range of political, security, and business leaders say they expect no sea change in U.S. policy toward Iraq, while hoping for reduced tensions with Iran.
- Kurdistan oil for revenue dispute looms large after emergency financing bill passage
- Parliament set for imminent vote on scaled-down, $10B financing law
- KDP-PKK conflict intensifies near Kurdistan oil fields
- Iraq outlines financial crisis response plan
- Facing liquidity crisis, Iraq presses for more emergency borrowing
PKK suspected of Iraq-Turkey Pipeline attack
Worsening tensions between Erbil, Ankara, and the Kurdish guerrilla group raise the risk of renewed threats to the KRG's only oil export route.
