Iraq Oil Report - The news you need to know
Iraq's most prolific oil field temporarily lost about 120,000 bpd of production after 60 wells were taken offline in response to a storage tank fire.
Energy - Iraq Oil Report
Energy As Genel exits Taq Taq field, new hopes for restart. Change in operator could spur new activity at the oil field, which has been offline since 2023 after a steady production decline.
The Daily Brief - Iraq Oil Report
A fire burns at Degassing Station 5 off the Rumaila oil field on Jan. 24, 2025. (JASSIM AL-JABIRI/Iraq Oil Report)
As Genel exits Taq Taq field, new hopes for restart
Jan 30, 2025 · Change in operator could spur new activity at the oil field, which has been offline since 2023 after a steady production decline. A flare burns at the Taq Taq oil field in 2016. (STAFF/Iraq Oil Report) ERBIL/SULAIMANIYA - London-listed Genel Energy is exiting the Taq Taq oil field in the Kurdistan ...
Budget amendment takes Iraq one step toward northern export …
3 days ago · Iraq's Parliament has passed a budget law amendment designed to help restart northern oil exports — an initial step that now ushers in an uncertain new phase of further negotiation and deal-making between Baghdad, Erbil, and international oil companies operating fields in Iraqi Kurdistan.
Iraq ends 2024 with deep production cuts - Iraq Oil Report
Jan 15, 2025 · Steep reduction at Rumaila brought Iraq's December production average to its lowest level in 18 months as Iraq continues to restrain output in an effort to meet OPEC-plus expectations. Personnel from the state-run Iraqi Drilling Company (IDC) operate a drilling rig at the Zubair oil field in Basra ...
Rising budget controversy endangers northern export restart
Jan 24, 2025 · Efforts to restart Iraq's northern oil exports suffered a major setback this week as members of Parliament tried to make drastic changes to a proposed budget amendment that would create a new framework for paying oil contractors in Kurdistan. In its initial form, the budget amendment appeared to be ...
Iraqi oil output falls again in November - Iraq Oil Report
Dec 27, 2024 · Iraqi oil production continued a four-month slide, falling to its lowest level since June 2023 as the Oil Ministry tried to improve compliance with an OPEC-plus quota agreement.
August production falls as Iraq initiates cuts - Iraq Oil Report
Sep 26, 2024 · August production falls as Iraq initiates cuts Renewed OPEC-plus pressure pushes Iraq to cut at least 100,000 bpd from state fields and accelerate maintenance plans at other projects in a bid to improve quota compliance.
Iraq production climbs higher in July - Iraq Oil Report
Aug 21, 2024 · Iraqi crude production increased by over 100,000 bpd for a second straight month in July as the Oil Ministry ramped up exports despite OPEC pressure to adhere to reduced quotas.