Iraq | GUPC

Iraq exploring floating gas terminals to meet power demand

Oil & Gas‚ Oil and Gas Industry | intent | March 25, 2025 | Comment off

Iraq is in talks with several companies to secure two floating storage regasification units by early June, as OPEC’s second-biggest producer tries to address power shortages caused by a U.S. move against Iran.

The U.S. decided earlier in March not to renew a waiver that allowed Iraq to buy electricity from Iran, with Donald Trump’s administration pressuring Tehran into negotiating a new nuclear deal. The decision has left the Iraqi government in need of more gas to meet its growing demand for electricity.

Iraq Seeks Floating Gas Terminals to Bridge Power Gap

Oil & Gas‚ Oil and Gas Industry | intent | March 24, 2025 | Comment off

Iraq is in talks with several companies to secure two floating storage regasification units by early June, as OPEC’s second-biggest producer tries to address power shortages caused by a US move against Iran.

The US decided earlier in March not to renew a waiver that allowed Iraq to buy electricity from Iran, with Donald Trump’s administration pressuring Tehran into negotiating a new nuclear deal. The decision has left the Iraqi government in need of more gas to meet its growing demand for electricity.

Is Iraq Now Looking To Russia To Further Develop Its Huge Gas Potential?

Oil & Gas‚ Oil and Gas Industry | intent | February 26, 2025 | Comment off

Iraq is committed to increasing investment in its gas sector as a key driver for economic growth, according to Oil Minister Hayan Abdul Ghani recently.

bp, Iraq reach final agreement to redevelop Kirkuk oil field

Oil & Gas‚ Oil and Gas Industry | intent | February 26, 2025 | Comment off

bp today reached agreement on all contractual terms with the Government of the Republic of Iraq to invest in several giant oil fields in Kirkuk providing for the rehabilitation and redevelopment of the fields, spanning oil, gas, power and water with potential for investment in exploration.

Iraq Reiterates OPEC+ Pledge Ahead of Restart of Kurdistan Oil Exports

Oil & Gas‚ Oil and Gas Industry | intent | February 25, 2025 | Comment off

Iraq remains fully committed to its pledges in the OPEC+ agreement as the restart of oil exports from the semi-autonomous Iraqi region of Kurdistan appears imminent.

Iraq to Receive 185,000 Bpd of Oil from Kurdistan

Oil & Gas‚ Oil and Gas Industry | intent | February 24, 2025 | 0 comment

Iraq will receive around 185,000 barrels of crude oil a day from the semi-autonomous region of Kurdistan after exports resume via a pipeline to Turkey, a deputy Iraqi oil minister told the state-run Iraqi News Agency on Sunday without providing a time frame.

Is Iraq Now Close To Ending Its Bitter Oil Exports Embargo?

Oil & Gas‚ Oil and Gas Industry | intent | February 11, 2025 | Comment off

It is nearly two years since the Federal Government of Iraq (FGI) blocked oil exports from the semi-autonomous Kurdistan Region of Iraq (KRI) through the Iraq-Turkey Pipeline (ITP).

The $25 Billion Cost of Iraq’s Oil Deadlock

Oil & Gas‚ Oil and Gas Industry | intent | January 24, 2025 | Comment off

In a twist that is perhaps surprising even for the labyrinth of Iraqi politics, the Kurdistan Regional Government (KRG) has found itself blindsided by a delayed parliamentary vote on oil production costs. Despite earlier agreements, the Iraqi parliament opted to hit the brakes on approving the $16-per-barrel production and transport fee proposed in November, throwing yet another wrench into a pipeline that’s been as dormant as the region’s export ambitions for almost two years.

BP, Iraq sign most commercial terms to revive Kirkuk oil field

Oil & Gas‚ Oil and Gas Industry | intent | January 16, 2025 | Comment off

BP and the Iraqi government agreed the majority of commercial terms toward reviving the Kirkuk oil field on Tuesday, further progress toward a final agreement that is expected early this year.

China Expands Operations Across Iraq’s Huge West Qurna 1 Oil Field

Oil & Gas‚ Oil and Gas Industry | intent | January 14, 2025 | Comment off

The history of the Middle East since the 1990s has been in many aspects been defined by China’s need to secure sufficient energy to power its economic growth to rival the superpower status of the U.S., and Washington’s efforts to keep these efforts in check.

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