Baghdad (IraqiNews.com) – Iraqi Oil Minister Basim Khudair and representatives from British Petroleum (BP) and Texas-based ConocoPhillips discussed on Monday the development of Iraq’s oil and gas industry. The meeting held in Baghdad included BP’s Iraq director Zaid al-Yasiri, Nader Zaki, Ariel Flores, and ConocoPhillips representative William Arnold, as well as senior Iraqi officials in […]
Iraq is offering buyers of its crude the option to collect supplies from outside of the Persian Gulf for the first time since the Iran war began, highlighting resilient exports flowing through the Strait of Hormuz. The country’s state oil marketer, SOMO, is offering Basrah Medium and Heavy that can be collected by ship-to-ship transfer […]
Iraq wants to more than double its oil production within six years. First, it needs OPEC to let it.
Baghdad is targeting output of between 8 million and 10 million barrels per day, up from roughly 4 million bpd before the Iran war, Prime Minister Ali al-Zaidi said Friday.
bp has agreed to bring Türkiye Petrolleri Anonim Ortaklığı (TPAO) into its Kirkuk redevelopment project in northern Iraq, with the Turkish national oil company acquiring a 15% interest in BP Energy Company of Kirkuk Limited (BP ECKL).
Halliburton has been awarded a contract by Basra Oil Company (BOC) to provide integrated field management services (IFMS) and engineering, procurement and construction management (EPCM) for the development of the Bin Umar and Sindbad oil and gas fields in southern Iraq.
Iraq has raised production from three key projects in the country’s oil heartland to full capacity as tankers have started arriving to export cargoes, a person familiar with the operations said. The increase follows an order from state-run Basra Oil Co., which oversees fields in the country’s south, to boost output at West Qurna 1, North Rumaila and Artawi, according […]
Iraq signed a five-year agreement with U.S. oilfield services company Halliburton to manage and develop the Bin Umar and Sindbad oil and gas fields in the southern province of Basra, advancing the government’s strategy to expand hydrocarbon production and strengthen fuel supplies for the domestic power sector.
Seven OPEC+ members have agreed to increase collective oil production by 188,000 bpd in August, continuing the gradual rollback of voluntary production cuts while reaffirming their commitment to maintaining market stability.
Iraq stepped up its push for bigger OPEC production quotas as it seeks to recoup oil sales that were lost because of the Iran war, even raising the prospect that it could consider an exit in the future.
Nobody, especially not Iraq, wants to be caught relying on Hormuz ever again. Iraq is preparing to export crude oil and naphtha through Syria’s Mediterranean port of Baniyas, expanding an emergency workaround that emerged after the closure of the Strait of Hormuz disrupted the country’s primary export routes and left storage tanks filling up. According […]