The company's Iraq based unit announced a milestone as a "production record"
Iraqi Oil Minister Jabar al-Luaibi said last month that exporting oil from the Kirkuk fields to Iran would start before the end of January.
Iraq agreed a deal with U.S. energy company Orion on Monday to process natural gas extracted at its giant Nahr Bin Omar oilfield.
The field is being developed by Gazprom (30%), KOGAS (22.5%), Petronas (15%), TPAO (7.5%), Iraqi state-owned Oil Exploration Company (25%).
In an official statement form Egypt's state petroleum buyer, EGPC, Iraq has been contracted to provide 12 million barrels of Iraqi crude over 2018.
'Country to keep crude exports at 3.3-3.4 million barrels a day'
'Kirkuk crude oil exports have declined due to increased domestic demand, a source familiar with the Northern Oil Company said.'
'Ihsan Abdul-Jabbar Ismail, announced on Sunday the start of pumping crude oil to the Karbala oil refinery, marking the start of the trial operation of the refinery.'
'A number of decisions and instructions have been issued that support projects for the use of liquified gas in vehicles.'
'The Kurdistan region in northern Iraq exported more than 37 million barrels of oil in three months, with revenues exceeding three billion USD, according to Deloitte statistics reported by Rudaw news.'
'Iraq's state-owned oil marketer, SOMO, on Thursday said it has already taken measures against the carriers of a contaminated oil batch.'
'Ministry of Oil announced Thursday the completion of drilling a new oil well in the Al-Gharraf field.'
'Iraq’s Oil Marketing Company (SOMO) sold a batch of fuel oil in recent weeks that was contaminated by a chemical cleaning agent, five trade sources told Reuters on Wednesday.'
'The Iraqi oil ministry on Monday announced "marketing measures" against international companies that purchase exported oil from the Iraqi Kurdistan region.'
'Iraq's Minister of Oil, Ihsan Abdul Jabbar Ismail, has stressed the importance of developing the Eridu (Arido) oilfield in Block 10, which is in the Muthanna and Dhi Qar provinces.'
'Kurdistan Regional Government (KRG) is yet to submit any proposals on establishing oil firms in the semi-autonomous region to the federal authorities.'
'Jordan has resumed importing about 10,000 barrels per day of crude oil from Iraq, the Jordanian energy minister said on Monday, after a several-week halt.'
'The MP said that this will affect the price of gasoline in Sulaimani.'
'Joint development program planned with Russia’s Lukoil'
'Iraq has resumed crude oil exports from Basrah Oil Terminal after an oil spill that occurred in late Sept.15 halted loadings from the facility.'
'Iraq's Oil Minister Ihsan Abdul-Jabbar Ismail attached importance to expedite the development and production work in the Eridu oilfield.'
'The sale follows the Iraqi federal government pressuring international firms to pull out of the autonomous region, which has led to concern from the US State Department.'
'Seismic surveys planned in marine area in the Arabian Gulf'
'Oil Minister Ihsan Abdul-Jabbar Ismail announced Wednesday the construction of three sea tankers with advanced technologies, equipment and devices.'
'Spokesperson to the Kurdistan Regional Government (KRG) Jotiar Adil on Tuesday said that more than half the revenues it yielded from oil exports last year went to cover "internal expenditures".'
'The Iraqi Ministry of Oil announced on Tuesday the completion of drilling a new oil well in the Zubair field in southern Iraq, west of Basra governorate, according to the Iraqi News Agency (INA).'
' Iraq reaffirmed its commitment to exporting its share following the OPEC agreement.'
'Iraq is confident it can defend its crude oil exports to Asia against an influx of cheap Russian oil into the region.'
'The Iraqi Oil Marketing Company (SOMO) says the Kurdistan Region insists on rejecting the decision of the Federal Court on oil exports.
' A new batch of stolen Syrian oil was smuggled by the US forces into Iraq as Washington continues to plunder Syria’s natural resources.'
'The amount of gas supplied to Sulaimani is much less than the amount of money supplied to Erbil.'
'The US administration confirmed on Wednesday its commitment to support the Kurdistan region and to increase efforts to resolve problems with the federal government in Baghdad.'
'Iraq and the Kurdistan Region exported more than 112 million 600 thousand barrels of oil, China and Greece are the main buyers of Iraq and the Kurdistan Region.'
'Kurdistan Regional Government (KRG) Deputy Prime Minister Gubad Talabani met with US Assistant Secretary of State for Eastern Affairs Barbara Leaf.'
'Statistics from the SOMO showed that Iraq’s production of crude oil rose by 67 thousand barrels per day in August compared to July.'
'The Oil Marketing Company "SOMO" counted the revenues from oil sales during the past eight months, and while it indicated that it plans to increase exports to European markets.'
'Shrewd China has always used 'soft power' strategies to take over countries in need of money'
'The Iraqi Oil Tankers Company (IOTC) announced on Monday it is starting to build two new oil tankers and is moving towards building a gas tanker, according to the Iraqi News Agency (INA).'
'The perilous relationship between Iraq and Kurdistan has soured once again, due to the latter's oil exports to Turkey.'
'A deputy in the regional parliament warned of the dangers facing the Kurdistan region in the event of continued tension and conflict between the regional government and Baghdad over the oil file.'
'The Iraqi Minister of Oil Ihsan Abdul-Jabbar Ismail and the Indian ambassador to Iraq Prashant Bisai.'
'Iraq exported 101.85 million barrels of crude oil in August with revenues of 9.78 billion U.S. dollars, said the Iraqi Oil Ministry, Trend reports citing Xinhua.'
'Violence in Baghdad could lead to a million barrels a day of Iraqi oil being taken off the market, RBC's Helima Croft said.
'Oil tumbled after Iraq’s state marketing company said exports haven’t been affected by violent clashes in Baghdad while low liquidity exacerbated price moves.'
'- Oilfields being depleted quickly - government documents
- Kurdish region heavily dependent on oil and gas revenues
- Without investment, oil exports could slide - documents'
'Oil prices fell Tuesday on fears that an inflation-induced weakening of global economies would soften fuel demand, and as Iraqi crude exports have been unaffected by clashes'
'A recent report has revealed that officials in Iraq’s semi-autonomous Kurdistan region exported 1.7 million barrels of crude oil to the Israeli-occupied territories throughout the month of June.'
'Protestors from the Sadrist movement on Monday managed to close the Dhi Qar oil company, Shafaq News agency's correspondent reported. '
'Iraqi Oil Marketing Company (IOMC) threatened to take legal action against oil buyers and traders in the Kurdistan Region, The Ministry of Natural Resources responded strongly.'
'Iraq, OPEC's second-largest exporter, had its exports to the United States, the world's second-largest importer, increase in the fourth week of August.'
'Iraq’s state-owned oil marketer SOMO has threatened fresh legal action against buyers of crude oil originating from the semi-autonomous Kurdistan region.'
'Oil prices slumped by about $2 a barrel on Thursday in volatile trade as investors braced for the possible return to global markets of sanctioned Iranian oil exports.'
'Iraq’s SOMO has endorsed Saudi Arabia’s take on the oil market’s situation, expressing concerns around “false signals” for the market.
'The poor liquidity and sharp fluctuations in the futures market caused prices to be far from market fundamentals.'
' Entering the legal fray as a third party, the KRG is appealing a Baghdad court’s July decision to invalidate four oil contracts. '
'Ministry of Finance issued the Iraqi state accounts for the month of June for the fiscal year 2022, which indicated that the contribution of oil to the federal budget is still high.'
'Integrity Committee in the IrIntigrity Committee in the Iraqi Parliament promised to prosecute Oil Minister Ihsan Abdul Jabbar on corruption charges.'
'China has gained a major foothold in oil-rich Iraq, shaking up Western domination in fields from energy to construction, even as some warn that infrastructure projects could leave Baghdad in debt.'
'U.S. forces sent 137 oil-laden tankers from oil fields in northeastern Syria to its bases in Iraq on Sunday.'
'People in Basra lived through hell during the Anglo-American occupation, suffering from lawlessness and economic disruption. Now they face the ravages of the climate emergency.'
'The statement clarified that 65 percent of the gas processing project in Halfaya oil field completed.'
'Iraq ranked fourth in the Arab world as the largest consumer of oil, and the 26th in the world as the largest consumer of oil until 2022, with 826,000 barrels per day.'
'Iraq is planning to increase its crude oil production to phased targets of 5 to 8 million barrels per day (bpd) over time, according to the first vice president of the (INOC).'
'The U.S. occupation forces in Syria have looted 89 oil tankers from Syria and smuggled them into Iraq through illegal crossings, the Syrian Arab News Agency (SANA) reported on Sunday, citing sources.'
'Iraq’s government has agreed to continue supplying Lebanon’s electricity company with heavy fuel oil for another year.'
'The International Energy Agency- IEA- expected, on Thursday, that global demand for oil will increase by more than what was expected this year.
'Iraq's crude oil production has stagnated in recent months, despite a rising quota under the OPEC+ accord, largely constrained by its inability to export more volumes.'
'Iraqi National Oil Marketing Company (SOMO) announced it achieved the highest oil revenue in history during the past month.'
'Ministry of Oil counted the number of completed Thursday wells during the current year 2022 while revealing strategic plans to implement projects for drilling and reclamation of oil wells.'
'Iraqi Ministry of Oil announced that it is planning to develop the national pipeline network, according to the INA.'
'The IDC announced on Sunday the completion of drilling and reclamation operations for 92 oil wells in 2022, according to the IDC statement cited by the (INA).'
'- Oil export to increase from current 60,000 barrels per day to 100,000, Iraqi prime minister says'
'New projects and plans to expand existing utilities will lift Iraq’s total electricity generation to more than 41,000 megawatts (MW) by 2025, press reports said on Tuesday. '
'The Iraqi Drilling Company (IDC) has recently completed the drilling of oil well 48 at the Nasiriyah oil field.'
'Iraq can increase its oil production by 200,000 barrels per day (BPD) this year if asked, an executive of Iraq’s Basra Oil Co. (BOC) revealed on Friday.'
'Kurdish PM visits Baghdad for the first time since 2019'
'Iraq, the second largest producer in the Organization of the Petroleum Exporting Countries, sits on enormous oil reserves, and revenues from the sector feed 90 percent of the federal government budget'
'Iraq's southern oil export capacity may go up to 3.35 million b/d by September from around 3.3 million b/d now'
'The rating agency estimates oil prices will average $105 a barrel this year and $85 in 2023, boosting revenue and economic growth.'
'An independent review of oil output and exports in Iraq's semi-autonomous Kurdistan region for the first three months of 2022 showed what is at stake in a row with Baghdad over sovereignty.'
'Oil will trade at more than $100 a barrel for the rest of the year and stay high for the next several years, requiring the continued efforts of the OPEC+ producers’ group to manage supply and demand.'
'The second-largest producer in the Organization of the Petroleum Exporting Countries, sits on enormous oil reserves, and revenues from the sector feed 90 percent'
'Iraq paid the debt owed to Iran for gas and electricity imports, according to the Islamic Republic News Agency (IRNA)'
'Iraq's bid to boost oil export capacity at its Gulf ports has suffered a setback due to delays in pumping station upgrades, an Iraqi oil source said.'
'TEL AVIV, Israel - Moments after US President Joe Biden touches down in Tel Aviv on Wednesday, the Israeli military will show him new hardware it says is essential to confronting Iran:'
'The project, which is scheduled to be completed within 29 months, aims to build a facility to process high-sulfur gas with a daily capacity of 4.39 million cubic meters'
'Iraq's Ministry of Oil has announced preliminary oil exports for June of 101,191,236 barrels, giving an average for the month of 3.373 million barrels per day.'
'The ministry adds that the companies are now in the process of winding up and terminating their existing tenders'
'Decision to suspend operations at the KM250 expansion project was taken after two fresh rockets landed at field in Iraqi Kurdistan
'Due to Russia’s aggression in Ukraine, global oil markets have become tighter. The situation serves as a reminder of the importance of great power politics.'
'Three events occurred in the last week or so involving either Iran or Iraq separately, or both together, that put Russia back front and centre in the Middle East, to the detriment of the U.S'
'U.S. energy company Schlumberger (SLB.N) has said it will not apply without Baghdad's consent for any tenders in the oil and gas sector of Iraq's '
'Pipeline explosion adds further upwards pressure to oil prices, which hit a seven-year high on Wednesday
'Iraq seeks to raise its crude oil production to 8 million barrels per day (bpd)'
'Iraq’s Oil Minister and head of Iraq’s OPEC delegation, Ihsan Abdul Jabbar announced the government’s final investment decision to buy out Exxon'
'Iraq may end up as one of the biggest losers from cheap Russian barrels flowing to Asia with lukewarm demand for its key grades.'
'Baghdad (IraqiNews.com) – The Jadidat Arar port and border-crossing between Iraq and Saudi Arabia
'The average selling price for crude oil in April was 104.09 dollars per barrel, according to a ministry statement, citing statistics from the State Organization for Marketing of Oil'
'Bill Higgs did not receive the required 50% majority of votes in favour of reelection as a Director, he has agreed to step down as CEO of the Company with immediate effect.'
'The Ministry of Oil declared the total exports and revenues of last May, based on the initial statistic of Iraqi Oil Marketing Company (SOMO), '
'SOMO has approached French traders about the prospect of supplying Europe with crude oil.'
'Iraq is attempting to attract new and diverse investments in the oil and energy sector in an effort to enhance production and develop oil industry infrastructure.'
'Iraq seeks foreign investment as it aims to increase its oil output capacity to 5 million bpd by 2025.'
'Basra Oil Co. will buy Exxon Mobil Corp.’s stake in the West Qurna-1 oil field in southern Iraq, Oil Minister Ihsan Abdul Jabbar told reporters on Sunday.'
'Iraq plans to establish a new oil company in the Kurdistan region.'
'The Iraqi Oil Minister discusses increasing oil exports through the Turkish port of Ceyhan in a meeting with the Turkish ambassador to Iraq.'
'Iraq averted three deals that would have expanded Chinese control of the country's oil fields.'
'The Iraqi Oil Minister confirms increased gas and renewable energy investment plans to reduce harmful emissions.'
'Iraq approves the development of a 750 MW solar power plant in Muthanna. Meanwhile, the Oil Ministry aims for 6 million bpd production by the end of 2027.'
'Iran will supply Iraq with 50 million m3/d of gas during the summer months as Baghdad begins repayment of debts in June.'
'Iraq moves crude supplies from its core customer base in Asia to refineries in Europe.'
'Iraq will enforce a court ruling to give federal authorities control of Kurdish production. Meanwhile, the Central Bank of Iraq allots USD 682 million for renewable energy.'
'Iraq's 2022 revenue is expected to surpass 150 billion US dollars.'
'OPEC was unable to boost oil output in April due to capacity issues.'
'The Iraqi delegation's visit to Iran ends positively as they reached an agreement to resume the Iranian gas supply to Iraq.'
'Iraq's federal oil exports rose to 4.2 percent month on month in April, amounting to 3.38 million bpd.'
'Iraq seeks moral support and technical aid rather than financial as it recovers from both the Covid-19 outbreak and the 2020 oil price crash.'
'Iranian Oil Minister stresses the importance of collaborating with Iraq, especially in the gas sector.'
'Iraqi Electricity Minister Adil Karim travels to Iran as a head of a delegation from Iraq's Ministry of Energy to discuss gas imports.'
'Iraq plans to sign a contract with Qatar to import LNG, replacing part of Iran's exports.'
'The Al Nasiriyah International Airport is the first project to be launched under the Iraq-China oil for projects agreement.'
'Iraq reiterates its commitment to the OPEC+ decision to increase output. Meanwhile, Iraq keeps its position in the Indian market even as Russian oil imports rise.'
'The Iraqi Oil Ministry clarified that the Jordan oil pipeline project is still under technical investigation and its future will be decided by the next government.'
'Iraq and Halliburton may complete a gas deal to dig wells in the Akkas gas field to boost output, capitalizing on rising energy prices.'
'Officials from Iraq's Oil Ministry and the KRG held the first round of talks regarding measures to manage the Kurdistan region's oil and gas industry.'
'The Iraqi oil ministry believes that the OPEC+ commitment to output targets helped absorb excess oil supply in the market.'
'A Chinese-funded project for the construction of schools in the Najaf Governorate has been launched under the oil-for-project agreement.'
'Iraq is developing new criteria to compute the KRG's share of oil exports. Meanwhile, procedures to connect Iraqi and Jordanian grids have begun.'
'SOMO data shows that Iraq's oil production fell far below its March quota under the OPEC+ deal.'
'Iraq's power minister described Iran's gas supplies as suitable and affordable, claiming that the country will need Iranian gas for years.'
'Iraq has exported a hundred million barrels of oil worth $11.07 billion, the highest since 1972.'
'Iraqi Kurdistan Prime Minister claims that the region has the capacity to supply at least half of Europe's oil shortfall as it aims to become a major gas exporter.'
'The Iraqi government tells Kurdistan to move its oil and gas operations to a new company, as per a document signed by Oil Minister Ihsan Abdul Jabbar.'
'An agreement has been struck between Iraq and Jordan to extend the MOU in which Jordan imports Kirkuk crude.'
'Iraq announced its aim to expand gas and solar power development to embrace a lower-carbon energy future.'
'For the first time in Iraq's history, the country wants to shift its investment priority from oil to gas.'
'The UAE is willing to cooperate with Russia to improve global energy security.'
'A day after a UAE envoy suggested that the OPEC+ should increase output, the UAE reaffirms its support to the alliance's agreements.'
'Reports of long queues at outlets as areas in Iraq experience fuel shortages and closing of petrol stations, particularly in Baghdad and Nineveh.'
'Oil dipped below $100 a barrel as talks between Ukraine and Russia progressed, and China imposed a quarantine on an entire province due to Covid-19.'
'OPEC's second-largest producer denies the need for further oil output, stating that their crude exports are in pace with global consumption.'
'The Iraqi oil minister stated that long-term high oil prices may reduce demand and accelerate the switch to electric vehicles.'
'The United Arab Emirates urges fellow OPEC members to increase oil production as the Ukraine-Russia conflict pushes oil prices sky-high.'
'West Qurna-2 oil field is expected to be at full capacity within hours after returning from maintenance, effectively reviving 10% of Iraq's crude production.'
'Oil prices soared to 2008 record heights as the U.S. and Europe consider omitting Russian crude exports.'
'Iraqi oil grows in demand as China, India, and Europe seek alternatives to Russian crude.'
'Iraq's Kurdish region has rejected a verdict by Baghdad's Supreme Court ordering it to terminate its de facto independence in the oil sector.'
'Oil prices shoot past $110 per barrel as Russia's war in Ukraine disrupts global oil flows. Meanwhile, Russian shipments are being halted by buyers that refuse to accept the cargoes.'
'Iraq's February oil exports increased to 3.314 million bpd from 3.2 million in January. Oil prices soared as Russia invades Ukraine.'
'About a tenth of Iraq's oil production is halted due to maintenance and demonstrations, further affecting the world's limited supply.'
'Iraq is in talks with Halliburton to develop a gas field in the Anbar governorate to increase output and capitalize on rising prices.'
'Iraq and Nigeria along with several OPEC+ major producers do not want to deviate from the additional 400,000 bpd even as prices surge towards $100.'
'Negotiations are underway between Iraq, Aramco, and Halliburton for oil and gas developments in western Iraq.'
'OPEC's Arab contingent will stick to its current supply accord, with the UAE minister attributing recent crude heights to geopolitical factors.'
'The Kurdistan Regional Government (KRG) of Iraq has challenged a federal court verdict declaring its autonomous oil and gas law illegal.'
'Forza Petroleum acknowledges Iraq's ruling of the Kurdistan Regional Government Law No. 28 of 2007 as unconstitutional.'
'Iraqi Oil Ministry denies that its multi-billion-dollar deal with TotalEnergies is stalled and at risk of discarding.'
'Iraq seeks gas from one of the world's leading energy providers to overcome power shortages. Meanwhile, Basra Medium prices to Asia increased.'
'Concerns arise about possible nullifying of Iraq and Total's $27 billion agreement due to disputes about terms.'
'Iraq may be able to begin importing Qatari gas in a year to 15 months to reduce Iranian import reliance.'
'North Refineries Company set to work with Honeywell UOP to develop the Haditha refinery.'
'Iraq's electricity minister and Qatar's energy minister discuss the possibility of Qatar supplying gas to Iraq.'
'Water problems at Iraq's southern oil fields may obstruct the region's oil output.'
'Iraq is struggling to increase oil production due to several complications.'
'Iraqi oil exports fell 2% in January compared to December despite a higher OPEC+ quota.'
'Iraq's $27 billion contract with Total for the construction of 4 major energy projects will enter the "implementation phase" in 2022's first quarter.'
'Once the Khor al-Amaya terminal re-opens and local refiners' demands are met, SOMO may sell some spot cargoes for Basrah Light this year.'
'High oil demand urges Iraq to already plan for shipments in March, with January daily exports reaching 3.2 million bpd and increasing to 3.3 million in February.'
'Iraqi oil exports will remain stable this month and are expected to increase in February.'
'The Iraq-Turkey pipeline's brief halt fans supply concerns as prices settle near 7-year highs, possibly reaching $100 per barrel.'
'Crude oil flow via the Kirkuk-Ceyhan pipeline has been restored after an explosion near the pipeline in Kahramanmaras.'
'To meet its enhanced refining capacity, HPCL will procure 45% more oil from Iraq this year, about 3.2 million tons.'
'Honeywell has announced that the Lanaz Company in Iraq's Kurdistan region will upgrade to UOP technology to produce cleaner-burning transport fuels.'
'Dana Gas and Crescent Petroleum's gas production in KRI increased by 50% compared to 2018, reaching a new record of 452 million cubic feet per day.'
'Iraq will now be able to boost exports by up to 250,000 bpd after finalizing its pumping stations at its Gulf ports.'
'Iraq has agreed to build an oil pipeline from Basra to Jordan's Red Sea port city of Aqaba.'
'Iraqi National Oil Company will purchase ExxonMobil's stake in West Qurna-1, one of the world's largest oilfields, with over 20 billion barrels of recoverable reserves.'
'The Iraqi National Company's takeover of ExxonMobil's share in the West Qurna-1 oil field has been approved by the Iraqi government.'
'The preliminary agreement for the Al-Faw Investment refinery has been signed in Baghdad.'
'Iraq exported 101.58 million barrels in December, raking in over $7 billion in profits.'
'Iraqi crude exports, excluding flows from Kurdistan, increased marginally In December despite a higher OPEC+ quota.'
'Iraq will reach a 3.3 million bpd average oil export rate by January, meanwhile, the Iraq Cabinet required the developers of the Al-Khairat power plant to provide smart meters.'
'Serbian oil and gas firm, Nis, agreed to purchase 1.02 billion euro worth of Kirkuk crude oil and is set to receive it between January and December of 2022.'
'Pakistan and Iraq are looking to enhance bilateral connections, notably in the oil and gas sectors as well as the volume of commerce.'
'Iraq and Syria discussed ways to better trade between the two countries.'
'A decrease in gas supplies from Iran has resulted in a roughly 3,400 MW power loss in Iraq, resulting in power disruptions that lead to violent protests.'
'Iraq has lofty plans to increase its output capacity to 8 million bpd by 2027 despite persistent political unrest and an unsure future for fossil fuels.'
'Exxon Mobil Corp. and Halliburton Co. are in talks about the former's offer to sell its stake in West Qurna-1, according to Iraq's energy minister.'
'Iraqi crude output along with flows from the Kurdistan region reached an 18-month high of 4.208 million bpd in November.'
'OPEC and its allies boosted November's crude production by 500,000 bpd with Saudi Arabia, Kazakhstan, Russia, Nigeria, and Iraq responsible for 80% of the increase.'
'The energy minister expects oil prices to exceed $75 as OPEC attempts to regulate the energy market in a way that protects the interests of all stakeholders, producers, and consumers.'
'Despite claims from an Iraq Basra Co. senior official, Halliburton denies any intention to buy Exxon Mobil's interest in Iraq's West Qurna-1 oilfield.'
'OPEC members added more oil than their plans required to resume stalled production.'
'Iraq federal crude exports, excluding those from the Kurdistan region, increased by 5% despite a higher OPEC+ quota.'
'Even with the OPEC+ deal's increased oil output in November, OPEC continued to pump less crude than its fraction of the monthly rise.'
'Iraq is still undecided about what the coalition should do in response to the new Coviid-19 strain and the coordinated release of strategic crude reserves announced last week.'
'Petronas Carigali Iraq Holding BV has opened the K-123 oil and gas well as Lukoil celebrates one billion barrel production milestone.'
'OPEC's second-largest expresses caution about the group's decision to increase output.'
'The opening of the K-123 oil and gas well in the Garraf Contract Area marked another key milestone in Petronas's Iraqi Joint Venture.'
'Iraq expects the West Qurna-2 oil field to reach maximum production of 800,000 bpd by 2027.'
'Lukoil intends to increase liquid hydrocarbon production to 83 million metric tonnes or an average of 1.67 million bpd next year.'
'Iraq has agreed to transfer Lebanon 500,000 tonnes of gas oil. '
'Exxon Mobil Corp.'s multiyear bid to get out of a historic Iraqi oil contract could rely on the participation of one of the world's largest frackers.'
'Lukoil has presented a preliminary development plan for the Eridu oil field.'
'LUKOIL has reached the one billion barrel milestone at West Qurna-2 as the company nears its 30th anniversary.'
'State-run Iraqi National Oil Co. has begun talks with Chevron for the development of fields in Dhi Qar.'
'Iraq's October oil exports amounted 3.12 million bpd according to SOMO figures, a slight increase from September's 3.08 million bpd average.'
'Iraq and Jordan are in talks for the development of a low-cost oil pipeline between Basra and Aqaba as Iraq seeks routes to sell its crude to energy-hungry nations.'
'Iraq to stop setting official formula prices for arguably the country's most well-known crude stream, Basrah Light.'
'Iraq and Jordan are in advanced talks for the construction of an oil pipeline to link Basrah and Aqaba.'
'Iraq and Kuwait support the 400,000 bpd output increase despite the United State's calls to further increase supplies to calm rising prices.'
'Iraqi oil exports rose with 3.12 million bpd in October, higher than the 3.081 million bpd of the previous month.'
'SOMO believes the 400,000 bpd output increase will be enough to meet demand and stabilize the market and there will be no need for Iraq to further enhance production.'
'Iraq intends to completely stop flaring associated gas by 2025 to address climate change challenges and work towards a greener future.'
'Iraq plans to invest on a $3 billion annual budget to replace liquid fuels with natural gas at its power facilities.'
'The National Iranian Oil Company requires $11 billion in investment for the completion of the developmental projects for West Karoun oil reserves.'
'The Iraqi Oil Ministry is seeking to undertake a major natural gas exploration in the country's western desert.'
'Selling prices for Basrah crudes have dropped to significant discounts compared to other Persian Gulf grades, attracting Northeast Asian end-users to buy more Iraqi barrels.'
'OPEC+ compliance with oil restrictions dropped to 115% in September. Even with raised production targets, some members still fall short due to difficulties.'
'Iraqi Oil Minister Ihsan Ismaael believes prices are expected to stabilize around present levels, reflecting a balanced market. '
'State Oil Marketing Organization has asked customers to provide their 2022 term crude requirements, except for Basrah Light as the marketer focuses on the more popular grades.'
'The Iraqi cabinet approved INOC becoming a financial partner with France's TotalEnergies in its Basra projects.'
'Iraq has begun talks with a multinational energy corporation to conduct gas exploration in the Western Desert of Anbar. The company will be named once an agreement is achieved.'
'OPEC and allies will meet and discuss whether or not to increase oil output to cool down global energy prices.'
'SEAB and Limak Holdings have signed an initial agreement to construct a 70,000 bpd refinery in northern Iraq.'
'Iraq has converted about half of its export capacity at its southern Gulf coast terminal to boost Basrah Medium crude.'
'Iraq and Turkey intend to repair a war-damaged oil pipeline used to transfer Iraqi crude to a Turkish export port.'
'Shell is in talks with Iraq to increase Basra Gas Company's capacity to 2 billion cubic feet of gas per day.'
'Iraqi Oil Minister Ihsan Abdul-Jabbar Ismail Al-Said showed interest in a more intensified cooperation with Azerbaijan in the oil, gas, and refining sectors.'
'Oil prices increased, reaching their highest level in almost two months, further intensified by rising gasoline demand and a fall in US crude stocks.'
'Lebanon received the first gasoil cargo under a fuel supply agreement with Iraq in July.'
'OPEC and its allies will try to keep oil prices at $70 per barrel in the first quarter of 2022.'
'United State's Baker Hughes has agreed to develop a project in Iraq for recovering 200 million ft3/d of flared gas for power generation.'
'Iraq signed an initial agreement for the construction of an oil refinery in Mosul.'
'Iraq cuts Basrah Light oil prices to Asian and U.S. markets'
'Iraq diverges from the Saudi pricing trend by lowering U.S. oil prices.'
'Iraqi oil production, including flows from Kurdistan Region, rose 1.9% month on month in August despite pumping below the OPEC+ quota.'
'Numerous oil giants' recent announcements of new investments in Iraq signals the country's quick recovery from the Covid-19 outbreak.'
'Dana Gas receives $250 million from the US Development Agency to expand gas production at the Khor Mor plant.'
'Basrah terminal is being rebuilt to dedicate more capacity to Basrah Medium in anticipation of its increase in exports for the rest of the year.'
'Power generation systems are being tested at the Karbala refinery in preparation for its start-up next year.'
'A $27 billion deal has been signed between Baghdad and Total to construct four giant energy projects in Southern Iraq.'
'Iraqi crude exports increased by 4.7% in August on account of a higher OPEC+ quota.'
'Ruler of Dubai met with the Emir of Qatar on the sidelines of the "Baghdad Conference for Cooperation and Partnership" with discussions on security and stability of Iraq.'
'BP plc will be spinning off its assets in Iraq by establishing a joint venture with PetroChina to manage Rumaila, Iraq's largest oilfield.'
'Lukoil plans to boost West Qurna 2 oil output to 480,000 bpd.'
'An initial agreement was signed between Iraq and PowerChina for the development of 2 GW solar power plants.'
'BP and PetroChina have formed a joint venture to manage Rumaila Oil Field as it focuses on clean-energy transition.'
'Iraq resumes talks with the International Monetary Fund for a loan reaching $4 billion.'
'Japan will lend up to ¥32.7 billion ($300 million) low-interest loans to Iraq for oil refinery upgrades.'
'China plans to build an airport, approximately 90,000 houses, 1,000 healthcare facilities, and improve Baghdad's sewage in exchange for oil.'
'Iraq has lost 2.6 GW of power generation due to insufficient Iranian gas imports.'
'Proserv Controls secured an essential contract for the manufacture and delivery of 22 wellhead control panels to Basra Oil Company to be used on Southern Iraq's Majnoon oil field.'
'Baghdad seeks to import gas from Qatar and other countries to account for Iranian supply shortage'
'Iraq has signed an initial agreement to drill 150 oil wells with China National Offshore Oil Corporation (CNOOC)'
'TotalEnergies goes ahead with a multi-billion dollar deal with Iraq's oil ministry covering projects which Iraq has struggled to administer for quite some time.'
'Iraq's oil production for July, including those of the semi-autonomous region of Kurdistan, increased by 0.6% but still failed to reach its OPEC+ quota.'
'Taking into account the current challenges that the oil market is facing, Iraq plans to raise oil production to 8 million barrels per day by the end of 2027.'
'The federal government of Iraq and the semi-autonomous region of Kurdistan work to cooperate on resolving their differences in energy issues.'
'OPEC and its allies added 750,000 barrels per day of crude oil production in July, a bit short of what was planned as only 8 out of 22 countries had boosted output last month.'
'Iraq's Oil Minister expressed eagerness to implement sustainability projects and improve the output of crude oil and gas at Kirkuk's North Oil Company oilfields.'
'Iraq's exports rose to 3.278 million barrels per day which is marginally higher from 3.232 million barrels per day average in June'
'Iraq exported 90.46 million barrels of crude oil in July accumulating $6.51 billion in revenues'
'Iraq prefers having another U.S. company to replace Exxon as the supermajor considers leaving the country'
'Lukoil may have to reduce its stake in Iraq's West Qurna-2 Field.'
'Iraqi oil exports drops in June but revenues continued to increase due to higher prices'
'Iraq just signed a deal with Lebanon for 1 million mt/year of heavy fuel oil in return for "goods and services".'
'France's TotalEnergies SE was given approval by Iraq to develop a natural-gas field at the Ratawi field.'
'A refinery and petrochemical complex worth $3 billion will be built in Iraq by a Chinese company that will yield about 300,000 barrels per day.'
'SOMO's total oil production for the month of June fell to 3.862 million bpd due to tighter compliance to OPEC+ quota.'
'Oil firms BP and Lukoil are planning to move out of Iraq as the environment becomes seemingly 'inappropriate' for them according to Iraq's oil minister.'
'In a bid to reduce the need for gas flaring, Iraq receives a 'landmark' loan from IFC for 360 million dollars.'
'Iraq just scrapped its pre-paid oil supply deal with China's Zhenhua and sold the crude that was intended for it to other customers.'
'Iraq's SOMO is expecting its southern oil exports to reach around 2.8 million barrels per day (bpd) in July.'
'Iraq is planning to conduct a study of the contracts it has entered with foreign firms related to oil, gas exploration and transport. '
'Iraq's oil minister Ihsan Abdul Jabbar sees prices to play around $68 to $75 a barrel in the second half of this year.'
'A meeting between Iraq's oil minister and Saudi Arabia's minister of energy centered on the latter's intent in investing in gas projects throughout Iraq.'
'OPEC+ is likely to keep its pace in the gradual easing of oil supply restrictions as they anticipate the possible increase of Iranian oil in the market.'
'Iraq revised its April oil production figure to reflect higher domestic crude use for the month according to SOMO.'
'The combined overproduction by OPEC and its members have reached 3.316 million barrels per day according to a report from S&P Global Platts.'
'After much speculation and search for possible takers Iraq finally sends a formal request to take over ExxonMobil's stake in the West Qurna-1 oil field.'
'Iraq's very own state oil company is the most likely candidate to acquire ExxonMobil's stake in the West Qurna-1 operator sale.'
'OPEC's second largest oil producer is seeking to spend $15 billion to boost its gas production.'
'Dana Gas and Crescent Petroleum will revive expansion works on the Khor Mor project in Kurdistan Region after a year of delay.'
'Iraq aims to finalize the sale of Exxon stakes in the West Qurna-1 oil field by end of June.'
'A Chinese company won a contract to develop a gas field in Mansuriya according to Iraq's oil ministry.'
'Exxon is considering selling its West Qurna-1 Stakes according to Iraq's oil ministry.'
'An upgrade of Basrah's refinery has been awarded to Axens in order to increase production capacity and reduce the gap in supply and demand for petroleum products.'
'Iraq's oil exports for the month of March dropped by 0.8% due to tighter OPEC+ compliance.'
'The United Arab Emirates prepares to invest billions of US dollars in Iraq for new partnerships and growth prospects.'
'Iraq's oil minister revealed their plans to increase output capacity by 8 million barrels per day by the year 2029.'
'TOTAL signs a multi-billion dollar agreement with Iraq for four energy projects including the common seawater supply project that Iraq has been trying to develop for over a decade.'
'A US company has been awarded by the Iraqi government to drill oil wells in southern Iraq.'
'Gulf Keystone Petroleum, an energy company that is primarily operating in the semi-autonomous region of Kurdistan intends to resume their plans of boosting production from their Shaikan field.'
'Iraq's output for February rose 1.6% beyond the quota set by OPEC+.'
'Production at the new Sarta-2 well in Iraq run by Genel Energy has started with gross field production now reaching in excess of 10,000 bpd.'
'Prices of oil went up almost 5 percent again today due to speculations of a new OPEC supply cut.'
'Iraq's crude exports for the month of February exceeded 82 million barrels according to its Ministry of Oil.'
'Crude exports from Iraq's southern ports are stable at 2.7 million barrels per day for the month of February.'
'Iraq decided to back out of its intended oil-supply agreement with China that would have given the cash-strapped nation $2 billion upfront.'
'Iraq is currently in talks with China and Pakistan in setting up oil depots for crude oil storage.
'The first batch of tank cars that will be utilized by Iraq Republic Railways for transporting fuel and oil has been dispatched and is on its way to Iraq.'
'OPEC+ output cut will remain unchanged in March according to Iraq Oil Minister
'Iraq rehabilitates its rail tank cars to deliver oil derivatives to the south in a bid to revive the railway industry.'
'Among the three Iraq crude grades Basrah Light topped the list with 1.097 million barrels per day representing 40% of the total exports.'
'Iraq's oil exports for the month of January rose slightly compared to the previous month's 88.2 million barrels.'
'Iraq and Jordan recently reactivated their memorandum of understanding for supply of Iraqi crude to Jordan'
'A Russian company is set to finance Iraq's oilfield in Nassiriya in a plan to increase output.'
'Iraq has reduced its annual supplies of Basra crude oil to some refiners in India for 2021.'
'Iraq's oil minister is seeing signs that prices of oil will reach $60 in the second quarter of 2021'
'The Kurdistan region defends itself after a recent statement by Iraq's Minister of Oil saying that they are compliant with OPEC+ quota.'
'Iraq is requesting OPEC+ members to allow them to delay compensation for its overproduction.'
'Concerns over renewed rise on COVID19 cases causes oil prices to fall anew.'
'Iraq follows through with price increases for Asia crude after Saudi Arabia's lead.'
'India's top refiner just got its first cargo of the newly introduced Basra Medium crude from Iraq.'
'Iraq's exports from its southern ports continue despite the recent discovery of a marine mine on its oil tanker.'
'A $2 billion oil supply was awarded to a Chinese company by Iraq with partial prepayment terms.'
'The Kurdistan Regional Government stated at Monday's meeting that they are ready to hand over oil to Baghdad once the budget has been approved.
'Iraq is planning on doubling its southern crude export by boosting storage capacity at the southern port of al-Faw. '
'Genel Energy plans to start streaming of Sarta 2 well in the Sarta oil field by January of next year.'
'Iraq will start exporting fuel supplies to Lebanon next year, a report from the oil ministry said.'
'Iraq strikes a deal to supply China with oil in order to accumulate funds for local projects.'
'GE successfully connects two gas turbines to Iraq's national grid at the Zubair Permanent Power Generation Plant.'
'Gulf Keystone Petroleum is expecting high output from its Kurdish field after resumption of operations that have been suspended due to the pandemic last March.'
'The oil-for-reconstruction agreement between Iraq and Egypt will move towards full implementation once the constitutional procedures have been completed.'
'With the optimism brought about by the new vaccine against the Covid-19 virus, prices of oil rose on early trading Thursday.'
'Iraq will be strengthening its light crude oil production in order to generate additional revenue.'
'Iraq's total oil exports for the month of November reached an average of 2.7 million barrels per day.'
'Iraq Oil Minister Ihsan Abdul Jabbar Ismail sees the energy market recovering in the next 3 to 6 months.'
'A Russian company is planning to launch its fourth well in Iraq's semi-autonomous Kurdistan region by next year.
'Iraqi Foreign Minister Fuad Hussein plans to discuss oil and trade cooperation during his first visit to Moscow today.'
'Two of China's state companies are set to buy ExxonMobil's stake in West Qurna 1. '
'Iraq outlines the specs for their new assay of crude