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Energy

Iraqi wartime production cuts reach 3.6 million bpd

Iraq is navigating acute logistical and infrastructure challenges to maximize refinery consumption and exports while the Strait of Hormuz remains closed.
Workers from the state-run Iraqi Drilling Company (IDC) work on a well at the West Qurna 1 field in Basra in March 2026. (Photo credit: IDC)
May 23, 2008

Iraq’s Kurdistan region signs an unknown number of new oil deals…

Plus: *Iraq to pre-qualify more companies for bidding on smaller fields *Controversy over status of new oil law… *…and what it means for a new state oil company *Iraq oil profits up as production takes hit in April *Shahristani in the news *Iraq’s Refugees overlooked *U.S. troops speak out against war *Iraq Oil Report has […]

May 18, 2008

Iraq Oil Ministry waiting on Big Oil to submit oil deal proposals…

Plus: *Iraq oil production drops in April *Companies with KRG deals see boost *Oil pipeline security contract under fraud scrutiny *Iraq Press Roundup *Turkish-Iraq relations improve on Kurd meetings *Much, much more… Iraq has asked major international oil companies to submit their final contract proposals to boost production at the country’s largest oil fields after […]

May 12, 2008

Australia’s Oil Search announces stake in Iraqi Kurdistan PSA…

Plus: *Power outages and supplies *Road Map for Iraq Oil Industry *Western Zagros announces KRG drilling *Alive in Baghdad: Locals Bring Security to Adhamiya *War News Radio: Iraq Out Of Work *Much, much more… Oil Search announced Tuesday it signed into an 18.75 percent working interest/15 percent revenue interest in a production sharing agreement in […]

May 6, 2008

Iraq Oil Ministry extends deadline for pipeline to and from Iran…

Plus: *John McCain and the confusion over war and oil *Children at War -- two looks by War News Radio and Alive in Baghdad *Turkey, Iraq's Kurds and the PKK *Iraq Press Roundup *Much, Much more... Iraq's Oil Ministry has extended the deadline for companies to submit plans to design and supply the equipment for […]

May 2, 2008

Iraq restarts dialogue with Big Oil firms as June deadline looms…

Plus: *Iraq oil proceeds in first four months of 2008 exceed half of total 2007 oil sales *Ex-electricity minister bails out Rezko from Chicago jail *Turkey offers to train Iraqi Army... *...As it conducts groundbreaking talks with Kurds in Baghdad... *...And starts bombing PKK in N. Iraq again *CPJ: Killings of journalists in Iraq ignored […]

Apr 25, 2008

Iraq Oil Ministry: Exports drop but rising price means revenue increases…

Plus: *Internal pipeline explosion affects fuel *Saddam-era deals with China, India, Vietnam and Indonesia likely to move *Turkish overtures to Baghdad and Erbil *Crackdown on smuggling and control of gas stations *Much, much more… Iraq oil sales earned $500 million more in March than February because of increased oil prices, despite a slight drop in […]

Apr 24, 2008

Iraq oil exports drop slightly as price of oil stays high…

Iraqi oil exports have dropped by 17,000 barrels last month mainly due to lower output from the northern oil fields of Kirkuk, an Oil Ministry statement said, Azzaman reports. New data on Iraq oil revenues suggests that country's government will reap an even larger than expected windfall this year — as much as $70 billion […]