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Energy

Iraqi exports dip on southern capacity squeeze

Increasing pipeline flows to Turkey were offset in November by ongoing reductions in Basra Gulf exports following a deadly oil depot fire.
Tugboats position a single point mooring (SPM) buoy in the Basra Gulf in January 2012 as Iraq expands its export capacity. (ALI ABU IRAQ/Iraq Oil Report)

Export pipeline to Turkey restarts

Iraq’s oil export pipeline to Ceyhan restarted early on Aug. 5 after more than a week offline due to technical problems and sabotage.

Head of North Oil Company removed

Director General Sameer al-Taie's dismissal comes amidst a corruption investigation, and following the assassination of a candidate to replace him.

KRG to tender three new refineries

The new projects could bring 150,000 bpd of new refining capacity and help push the KRG from subsidies to market-based fuel pricing.