Energy

Iraq takes action on illicit oil schemes

U.S. designation of a key oil sector logistics provider highlights sanctions risks, prompting Iraqi measures to combat corruption in fuel trading.

Iraqi Navy vessels take part in operations to combat illicit oil sales in August 2025. (Photo credit: GCPI)

Jan 29, 2008

Iraq income up five years after war as oil production slowly increases, fetching more with high oil prices…

Plus *Ex-Iraq corruption watchdog blames firing on oil smuggling investigation *Police bust smugglers in Missan *2008 budget delayed a week *Dana Gas to pump $300M into Iraqi Kurdistan natural gas venture *Corruption allegation over Iraq Central Bank building fire *Iraq Press Roundup *Much, much more… New data from Iraq's oil export arm finds increased production […]

Jan 28, 2008

Turkey to study pipeline for Iraq gas to run same route as Iraq oil pipelines…

Plus: *Iraq stops auctions, starts term contracts for Kirkuk oil *Iraq oil flow north to Turkey stopped, storage capacity blamed *One of three major Iraq refineries working *Oil Ministry reaffirms blockade of firms who sign with Kurds *Fight for Mosul escalates *Political tensions mount *Much more… Turkey has launched a feasibility study for a natural […]

Jan 25, 2008

Iraq intent on boosting oil production by 17 percent; security and investment still uncertain …

Plus: *Negotiated deals with Big Oil done by first quarter 2008 *Contracts on oil fields from bids signed by end '08, more next year *Exports to Turkey resumes, fears remain it can't deliver on crude contracts *Political party that runs Basra may rejoin national government *Iraq's editorial pages Iraq has its sights set on 300,000 […]

Jan 22, 2008

Iraqis are left without fuel or electricity …

Plus: *Iraq Oil Ministry, Big Oil to meet in Jordan this week *Deadline to register for upcoming oil tenders delayed *2008 budget delayed, Kurd vs. Arab continues *Iraq Press Roundup *Is the surge working? A worthless question. *and more... You can't have one without the other, but with many of Iraq's power plants shut and […]

Jan 16, 2008

Iraq oil production not up as reported, possibly slipping …

Plus: *Iraq's largest refinery out of commission, refineries nationwide take toll *Dohuk province has no power except for hospital *No power = inflation *US Commerce Dept. backs down on PSAs *GAO report faults US/GOI numbers in audit *much More New reports on Iraq oil production find it flat, possibly decreasing, dampening expectations the sector was […]

Jan 9, 2008

India’s Reliance Industries to register with Iraq Oil Ministry despite blacklist threat over Kurd deals, more on the Ministry’s prequalification…

PLUS: *Status of Baiji after fire *Lukoil in Iraq *Political dealing from Baghdad to Irbil *Yahia Said: "Genuine progress on national reconciliation, economic reconstruction and the sharing of oil wealth requires the replacement of these discredited politicians with local and parliamentary leaders." A technical glitch with our host has seriously delayed alerts to subscribers of […]

Jan 8, 2008

Kirkuk exports to Turkey expected to rise this month, though full restart of pipeline unknown …

Plus: *Explosion, fire at largest refinery Baiji *Shiite/Sunni/Kurd deal-making and fighting over oil, Kirkuk *Basra dismisses 1,000 police *From Mothers to Martyrs *Much, much more There are mixed reports on Iraq's resumption of oil exports to Turkey, which were shut down last week because of full storage tanks, not security impediments, United Press International reports. […]

Jan 3, 2008

Iraq oil deals, perhaps bids, open to firms who register with Oil Ministry by Jan. 31 …

Plus: *Political disputes 2008 *Wanted: Investors in Iraq's power sector *Wanted: Solution to displaced persons disaster Iraq's Oil Ministry said all companies interested in winning contracts need to register as Iraq moves closer to its first tenders of oil fields, Ben Lando reports for United Press International. There have been mixed messages from the ministry, […]

Dec 26, 2007

The blacklist begins of firms who signed oil deals with the KRG … Baiji violence increases, oil sector a target … Juan Cole’s Top 10 list …

As Iraq Oil Report reported last Thursday, the Oil Ministry is taking an end around to stop companies who signed controversial deals with the Kurdistan Regional Government from moving forward with the deals. Iraq warned South Korea it could suspend crude oil exports if a South Korean consortium led by a state-run company proceeds with […]

Dec 21, 2007

Accounting for Iraq’s oil … DNO production up, with nowhere to go … Cholera a threat in the north still … Oil, healthcare workers and teachers have outstanding demands …

Be The First To Know: CLICK HERE to sign up for Iraq Oil Report updates to be sent to your inbox A U.N. official said on Tuesday the Iraqi government has made 'very slow' progress in its efforts to properly monitor how much oil it is exporting, refining and storing, Daniel Bases reports for Reuters. […]