August production surges as KRG fields partially revive

Fields in Kurdistan are raising production and selling into the local market, as output increases despite the ongoing northern pipeline closure.

Workers perform maintenance at the Tuba oil depot in Basra in September 2023. (Photo credit: Basra Oil Company)

New life for Iraq’s southern oil export expansion

A $417M subsea pipeline project that was funded and then suspended over the past two months has gotten Cabinet approval again, with a half million barrel per day capacity increase slated for next year.

Basra refinery expansion delayed by contract dispute

The delay is the latest for the project that was supposed to be completed in 2018, and is sorely needed to expand fuel supply, reduce purchase costs, and provide an additional outlet for Iraqi crude output.

Oil exports rise for second consecutive month

KRG crude exports are still shut in due to the northern pipeline outage, but federal exports have increased further, nearing the maximum capacity of outdated Basra Gulf infrastructure.