Subscribe 

Energy

Iraqi oil exports stagnate at two-decade lows as wartime restrictions persist

April oil sales fell to one-twelfth of pre-war volumes as Basra exports restarted and stalled, and northern exports hit a plateau.
A worker checks the valve gears of pipes linked to oil tanks at Turkey's Mediterranean port of Ceyhan, which is run by state-owned pipeline company Botas. (UMIT BEKTAS/Reuters)
May 11, 2015

Q&A: Deputy Oil Minister Dhia Jaffar

The new refining chief says Karbala is on track, Missan is behind schedule, Nassiriya is open for offers, Kirkuk is ready for financing, and Basra can dip into petrodollars to build a new one.

May 6, 2015

Iraq exports continue upward trend

Oil sales climb again to records highs, as a new marketing structure and strengthening cooperation between Baghdad and Erbil spur growth.

Apr 2, 2015

Q&A: Finance Minister Hoshyar Zebari

Zebari discusses contract renegotiations with oil companies, financing Iraq's budget deficit, and building trust between Baghdad and Kurdistan.

Apr 2, 2015

March oil exports rebound to record levels

Iraq sold 2.98 million bpd in March – a 15 percent jump from February – increasing the cash-strapped government's monthly revenue by more than $1 billion.

Apr 1, 2015

Iraq oil contract renegotiations begin

The Oil Ministry is seeking to align IOC incentive structures with tight fiscal realities, but is not considering a switch to industry-favored production sharing contracts.