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 […]
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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.
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 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.
Iraq questions fairness, but closes in on OPEC-plus target
Production cuts and falling exports move Iraq closer to OPEC-plus quota compliance.
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.
Iraq exports fall as OPEC cuts begin
Export rates are down from their December peak, but questions remain over which fields are being reduced and whether the cuts will meet OPEC expectations.
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.
Despite big cuts, Iraq fails to meet OPEC quota
Major reductions totaling almost 200,000 bpd were not nearly enough to bring Iraq's May production in line with an OPEC-plus agreement.
Production stops falling as Iraq claims OPEC compliance
After steep reductions in January and February, the Oil Ministry appeared to take its foot off the brakes in March.
Iraq’s September production drops 200,000 bpd toward OPEC+ compliance
Under pressure from the OPEC-plus coalition to compensate for past over-production, Iraq makes painful cuts mainly from IOC-operated fields.
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.
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.
Iraq maintains steady output as OPEC meeting approaches
Nationwide oil production held at just over 4 million bpd in January, as Iraq positions itself for a meeting of the OPEC-plus coalition that will determine quotas for the second quarter of 2021.
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.
July production falls to five-year low as Iraq pledges deeper OPEC cuts
Iraq shaves 200,000 bpd since June, as the Oil Ministry promises compliance with OPEC-plus.
Oil Ministry orders 250,000 bpd October production hike
Surge in production comes as Iraq attempts to navigate the opposing pressures of a financial crisis and quota commitments to OPEC-plus.
Iraqi oil production rises despite OPEC pressure to cut
Nationwide crude output increased in August, led by IOC-operated fields, as Iraq balances OPEC pledges against tough financial realities.
Iraq production steady in June as OPEC eases quota policy
June output averaged 4.05 million bpd. Iraq will have further leeway to increase production under a breakthrough deal recently agreed by the OPEC-plus group.
Iraqi oil exports fall as OPEC scrutiny rises
Countrywide exports of 3.143 million bpd suggest Iraq has reduced output, with OPEC-plus members insisting on full quota compliance as they consider extending cuts.
Iraq seeks to shift impact of OPEC cuts onto oil companies
Oil Ministry effort to scale down payment obligations could cause conflict with IOCs and discourage new energy investment.
March exports dip as OPEC cuts continue
Top Oil Ministry officials say Iraq is fully complying with an agreement to cut production.
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.
February production falls as OPEC cuts begin to bite
With reduced output at state-run fields, Iraq moves toward compliance with a quota designed to lift global prices.