Lukoil has upgraded an assessment of its Block 10 exploration results – the latest success stemming from a 2012 contract auction that was initially seen as lackluster.
Iraq's largest state oil company is expanding production capacity and building new infrastructure as it waits out an OPEC quota.
Despite an OPEC quota, output is rebounding at Basra fields and new capacity continues to come online.
To recover from a devastating war, Iraq’s second-largest city needs a massive mobilization of resources and coherent planning and organization – but it’s getting neither.
The 50,000 bpd Kirkuk refinery is set to produce more quantities of higher-quality gasoline and naphtha, thereby reducing the fuel oil that is exported.
More in Energy
The federal government and KRG both increased their oil sales, combining for the second-highest monthly export average that Iraq has ever posted.
More in Politics
Whenever the media office of the Council of Ministers releases decisions of the Cabinet, Iraq Oil Report publishes a translation from the original Arabic.
More in Security
Small-scale demonstrations at three oil installations raise the specter of last summer's destabilizing protest movement.