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IRAQ OIL REPORT
Iraq rejects Exxon’s proposed West Qurna 1 sale. In a recent letter, the Basra Oil Company said it would neither approve a sale to two Chinese companies nor buy out Exxon's stake on the same terms. EXXON SETS DEADLINE TO EXIT WEST QURNA 1, PROMPTING TOUGH By Lizzie Porter, Ali al-Aqily, and Staff of Iraq Oil Report. Published Wednesday, April 21st, 2021. BASRA - ExxonMobil is attempting to sell its stake in the West Qurna 1 oil field to two Chinese companies, setting an end-April deadline that has prompted fraught negotiations with the Oil Ministry. "They told us officially,with an official
IRAQI CABINET APPROVES 2021 BUDGET WITH EVEN BIGGER Published Tuesday, December 22nd, 2020. Iraq's Cabinet has approved a draft 2021 budget, sending Parliament a bill with several likely flash points of controversy — including the devaluation of the currency, a record-setting deficit of 63 trillion Iraqi dinars ($43.4 billion), and provisions for sharing revenue with the semi-autonomous IRAQ OIL EXPORTS AND REVENUE UP IN DECEMBER, BUT DOWN YEAR Iraq's nationwide monthly exports increased by more than 5 percent in December, to 3.304 million barrels per day (bpd), ending a year that saw annual oil exports and revenues drop to multi-year lows.. Federal Iraq's oil exports averaged 2.997 million bpd in 2020* – a 15 percent annual drop due to the OPEC-plus agreement.Annual oil revenues also declined due to a crash in global prices; Iraq INSURGENTS BOMB BAI HASSAN OIL FIELD, EXPLOITING SECURITY The fire at Bai Hassan oil well no. 183 after a bomb detonated early May 5, 2021, as North Oil Company staff attempt to extinguish it. (STAFF/Iraq Oil Report) KIRKUK - Insurgents bombed two oil wells at Kirkuk's Bai Hassan field and killed at least one guard on Wednesday — the latest sign that energy infrastructure remains vulnerable asthe
IRAQ AGAIN SETS OIL EXPORT RECORD IN 2019 By Ben Lando and Ben Van Heuvelen of Iraq Oil Report. Published Tuesday, January 7th, 2020. Iraq set an all-time record for annual oil sales in 2019, as the federal government and autonomous Kurdistan Regional Government (KRG) combined for an average 3.968 million barrels per day (bpd) of exports. Oil revenues dipped compared to2018, however
OIL EXPORTS INTO IRAQI KURDISTAN GIVE SYRIAN KURDS A Published Wednesday, February 19th, 2020. Thousands of barrels of oil per day are flowing from Syria into Iraq's semiautonomous Kurdistan region, in an opaque trade that has served for several years as a financial lifeline for the Kurdish-led government in northern Syria and its military wing, the Syrian Democratic Forces (SDF). SHELL TO RETURN TO BASRA WITH NEW HEAD BASRA - Shell personnel will return to the Basra Gas Company (BGC) joint venture consortium next week, following their evacuation from Basra due to a payment dispute that nearly turned violent in May.. Both Shell and the state-run South Gas Company (SGC), which own 44 percent and 51 percent of BGC respectively, will have new leadership upon the reunion, likely tamping down tensions. SONANGOL RETURNS TO QAYARAH AND NAJMAH By Rawaz Tahir, Samya Kullab, Ben Lando and Staff of Iraq Oil Report. Published Sunday, February 4th, 2018. Sonangol will begin development of two oil fields 80 kilometers south of Mosul, four years after declaring force majeure due to rampant security problems followed by the rise of the self-proclaimed Islamic State (IS) group. MOVENPICK TO OPEN NEW HOTEL IN BASRA Movenpick Hotels & Resorts will open a new hotel in Basra in the first quarter of this year as it seeks to capitalise on the city’s status as Iraq’s economic capital. “Basra is one of the Middle East’s fastest-growing economic centres, a major oil producer that is undergoing rapid infrastructure development,” said Olivier Chavy,president
IRAQ OIL REPORT
Iraq rejects Exxon’s proposed West Qurna 1 sale. In a recent letter, the Basra Oil Company said it would neither approve a sale to two Chinese companies nor buy out Exxon's stake on the same terms. EXXON SETS DEADLINE TO EXIT WEST QURNA 1, PROMPTING TOUGH By Lizzie Porter, Ali al-Aqily, and Staff of Iraq Oil Report. Published Wednesday, April 21st, 2021. BASRA - ExxonMobil is attempting to sell its stake in the West Qurna 1 oil field to two Chinese companies, setting an end-April deadline that has prompted fraught negotiations with the Oil Ministry. "They told us officially,with an official
IRAQI CABINET APPROVES 2021 BUDGET WITH EVEN BIGGER Published Tuesday, December 22nd, 2020. Iraq's Cabinet has approved a draft 2021 budget, sending Parliament a bill with several likely flash points of controversy — including the devaluation of the currency, a record-setting deficit of 63 trillion Iraqi dinars ($43.4 billion), and provisions for sharing revenue with the semi-autonomous IRAQ OIL EXPORTS AND REVENUE UP IN DECEMBER, BUT DOWN YEAR Iraq's nationwide monthly exports increased by more than 5 percent in December, to 3.304 million barrels per day (bpd), ending a year that saw annual oil exports and revenues drop to multi-year lows.. Federal Iraq's oil exports averaged 2.997 million bpd in 2020* – a 15 percent annual drop due to the OPEC-plus agreement.Annual oil revenues also declined due to a crash in global prices; Iraq INSURGENTS BOMB BAI HASSAN OIL FIELD, EXPLOITING SECURITY The fire at Bai Hassan oil well no. 183 after a bomb detonated early May 5, 2021, as North Oil Company staff attempt to extinguish it. (STAFF/Iraq Oil Report) KIRKUK - Insurgents bombed two oil wells at Kirkuk's Bai Hassan field and killed at least one guard on Wednesday — the latest sign that energy infrastructure remains vulnerable asthe
IRAQ AGAIN SETS OIL EXPORT RECORD IN 2019 By Ben Lando and Ben Van Heuvelen of Iraq Oil Report. Published Tuesday, January 7th, 2020. Iraq set an all-time record for annual oil sales in 2019, as the federal government and autonomous Kurdistan Regional Government (KRG) combined for an average 3.968 million barrels per day (bpd) of exports. Oil revenues dipped compared to2018, however
OIL EXPORTS INTO IRAQI KURDISTAN GIVE SYRIAN KURDS A Published Wednesday, February 19th, 2020. Thousands of barrels of oil per day are flowing from Syria into Iraq's semiautonomous Kurdistan region, in an opaque trade that has served for several years as a financial lifeline for the Kurdish-led government in northern Syria and its military wing, the Syrian Democratic Forces (SDF). SHELL TO RETURN TO BASRA WITH NEW HEAD BASRA - Shell personnel will return to the Basra Gas Company (BGC) joint venture consortium next week, following their evacuation from Basra due to a payment dispute that nearly turned violent in May.. Both Shell and the state-run South Gas Company (SGC), which own 44 percent and 51 percent of BGC respectively, will have new leadership upon the reunion, likely tamping down tensions. SONANGOL RETURNS TO QAYARAH AND NAJMAH By Rawaz Tahir, Samya Kullab, Ben Lando and Staff of Iraq Oil Report. Published Sunday, February 4th, 2018. Sonangol will begin development of two oil fields 80 kilometers south of Mosul, four years after declaring force majeure due to rampant security problems followed by the rise of the self-proclaimed Islamic State (IS) group. MOVENPICK TO OPEN NEW HOTEL IN BASRA Movenpick Hotels & Resorts will open a new hotel in Basra in the first quarter of this year as it seeks to capitalise on the city’s status as Iraq’s economic capital. “Basra is one of the Middle East’s fastest-growing economic centres, a major oil producer that is undergoing rapid infrastructure development,” said Olivier Chavy,president
IRAQ OIL REPORT
Iraq rejects Exxon’s proposed West Qurna 1 sale. In a recent letter, the Basra Oil Company said it would neither approve a sale to two Chinese companies nor buy out Exxon's stake on the same terms. ABOUT - IRAQ OIL REPORT Iraq Oil Report strives to provide thoroughly vetted reporting and fair-minded analysis that enables readers to understand the dynamic events of Iraq. To meet this goal, we always seek to gather first-hand information on the ground, verify facts from multiple angles, and solicit input from every stakeholder involved in a given story. ANALYSIS: EXXONMOBIL’S SHARE IN THE WEST QURNA 1 OIL FIELD BAGHDAD - For more than two months, the topic of selling the U.S. company ExxonMobil's share in the Technical Service Contract for the West Qurna 1 oilfield from the First Licensing Round has been under discussion.Given the importance of the topic, I would like to clarify some provisions of this Contract. To begin with, referring to this as a "share sale" is incorrect, since, when translated CABINET FILES LEGAL CHALLENGE TO 2021 BUDGET Published Friday, June 4th, 2021. BAGHDAD - The Iraqi Cabinet has filed a legal challenge to the 2021 federal budget law — a sign of the deep political dysfunction that is hindering attempts at economic reform and coherent management of public finances. In a detailed complaint to the Federal Supreme Court, a copy of which was obtainedand
INSURGENTS BOMB BAI HASSAN OIL FIELD, EXPLOITING SECURITY The fire at Bai Hassan oil well no. 183 after a bomb detonated early May 5, 2021, as North Oil Company staff attempt to extinguish it. (STAFF/Iraq Oil Report) KIRKUK - Insurgents bombed two oil wells at Kirkuk's Bai Hassan field and killed at least one guard on Wednesday — the latest sign that energy infrastructure remains vulnerable asthe
BAGHDAD ORDERS HALT TO KRG BUDGET TRANSFER Published Monday, April 27th, 2020. Leaders in Baghdad and Erbil are staking out hardline positions in oil and revenue negotiations that have become increasingly urgent and difficult due to a severe financial crisis. Following an order from the Council of Ministers on April 16, the federal government has not sent any budget transfer tothe semi
OIL MINISTER RESHUFFLES BASRA OIL CO. AND OTHER POSTS Khalid Hamza Abbas, deputy director general of the Basra Oil Company in his Basra office on May 4, 2020, was been given the authority to run the company on Sept. 19, 2020. (ALI AL-AQILY/Iraq Oil Report) By Lizzie Porter, Jassim al-Jabiri, Ali al-Aqily, and Jewdat al-Sai'di. of Iraq Oil Report. Published Sunday, September 20th, 2020. Q&A: BASSIM MOHAMMED KHUDAIR, DIRECTOR GENERAL OF THE Bassim Mohammed Khudair, director general of the Iraqi Drilling Company, in his Basra office on April 29, 2020. (ALI AL-AQILY/Iraq Oil Report) By Ali al-Aqily of Iraq Oil Report. Published Wednesday, May 13th, 2020. BASRA - One consequence of crashing global crude prices is that Iraq's oil fields are shutting down many drilling rigs, as theOil
SHELL TO RETURN TO BASRA WITH NEW HEAD BASRA - Shell personnel will return to the Basra Gas Company (BGC) joint venture consortium next week, following their evacuation from Basra due to a payment dispute that nearly turned violent in May.. Both Shell and the state-run South Gas Company (SGC), which own 44 percent and 51 percent of BGC respectively, will have new leadership upon the reunion, likely tamping down tensions. Q&A: BAZ KARIM, CEO OF KAR GROUP Published Monday, January 5th, 2015. LONDON - The most prolific oil company in Kurdistan is not Genel Energy, DNO, or the behemoth ExxonMobil, but the Iraqi-Kurdish company KAR Group. Under the leadership of its President and CEO, Baz Karim, KAR has tackled projects all along the value chain of the Kurdish oil sector.IRAQ OIL REPORT
Iraq rejects Exxon’s proposed West Qurna 1 sale. In a recent letter, the Basra Oil Company said it would neither approve a sale to two Chinese companies nor buy out Exxon's stake on the same terms. POLITICS - IRAQ OIL REPORTIRAQ OIL FIELDSIRAQ OIL NEWSIRAQ OIL PRODUCTIONIRAQ AND OILIRAQ OIL AND GAS NEWSIS THERE OIL IN IRAQ UPDATE: Iraq passes 2021 budget with record deficit and new oil deal for KRG. The new budget law lays out a revised framework for Baghdad-Erbil oil and revenue cooperation and projects a record deficit that is only likely to be filled if global oil prices remainhigh. Archives.
ABOUT - IRAQ OIL REPORTSEE MORE ON IRAQOILREPORT.COMIRAQ OIL COMPANYIRAQ OIL NEWSIRAQI OIL EXPORTSIRAQ PETROLEUMIRAQI OILIRAQ CRUDEOIL PRODUCTION
EXXON SETS DEADLINE TO EXIT WEST QURNA 1, PROMPTING TOUGH By Lizzie Porter, Ali al-Aqily, and Staff of Iraq Oil Report. Published Wednesday, April 21st, 2021. BASRA - ExxonMobil is attempting to sell its stake in the West Qurna 1 oil field to two Chinese companies, setting an end-April deadline that has prompted fraught negotiations with the Oil Ministry. "They told us officially,with an official
BAGHDAD ORDERS HALT TO KRG BUDGET TRANSFER Published Monday, April 27th, 2020. Leaders in Baghdad and Erbil are staking out hardline positions in oil and revenue negotiations that have become increasingly urgent and difficult due to a severe financial crisis. Following an order from the Council of Ministers on April 16, the federal government has not sent any budget transfer tothe semi
IRAQI CABINET APPROVES 2021 BUDGET WITH EVEN BIGGERIRAQ 2017 BUDGETIRAQ 2020 BUDGET NEWS Published Tuesday, December 22nd, 2020. Iraq's Cabinet has approved a draft 2021 budget, sending Parliament a bill with several likely flash points of controversy — including the devaluation of the currency, a record-setting deficit of 63 trillion Iraqi dinars ($43.4 billion), and provisions for sharing revenue with the semi-autonomous OIL MINISTRY BARS PETROFAC FROM GAS PROJECT After a former Petrofac executive pled guilty to paying bribes in Iraq and Saudi Arabia, the Oil Ministry has ordered an end to negotiations over the Ratawi gas hub. Executives from Iraq's state-run Basra Oil Company and the UK-listed Petrofac sign a contract for work at the Majnoon oil field on Aug. 13, 2018. (ALI AL-AQILY/Iraq Oil Report) By SECURITY WOES DASH IRAQ GAS PLANS The rise of the IS group has taken the Akkas and Mansuriya projects offline indefinitely, stalling development at the foundation of Iraq'sgas strategy.
SONANGOL RETURNS TO QAYARAH AND NAJMAH By Rawaz Tahir, Samya Kullab, Ben Lando and Staff of Iraq Oil Report. Published Sunday, February 4th, 2018. Sonangol will begin development of two oil fields 80 kilometers south of Mosul, four years after declaring force majeure due to rampant security problems followed by the rise of the self-proclaimed Islamic State (IS) group. FIELDS RETAKEN FROM IS STILL OFFLINE, UNDER ATTACK After being ousted from Ajil and Hamrin oil fields, IS fighters are launching deadly asymmetrical attacks that continue to cripple Iraq's northern oil sector.IRAQ OIL REPORT
Iraq rejects Exxon’s proposed West Qurna 1 sale. In a recent letter, the Basra Oil Company said it would neither approve a sale to two Chinese companies nor buy out Exxon's stake on the same terms. POLITICS - IRAQ OIL REPORTIRAQ OIL FIELDSIRAQ OIL NEWSIRAQ OIL PRODUCTIONIRAQ AND OILIRAQ OIL AND GAS NEWSIS THERE OIL IN IRAQ UPDATE: Iraq passes 2021 budget with record deficit and new oil deal for KRG. The new budget law lays out a revised framework for Baghdad-Erbil oil and revenue cooperation and projects a record deficit that is only likely to be filled if global oil prices remainhigh. Archives.
ABOUT - IRAQ OIL REPORTSEE MORE ON IRAQOILREPORT.COMIRAQ OIL COMPANYIRAQ OIL NEWSIRAQI OIL EXPORTSIRAQ PETROLEUMIRAQI OILIRAQ CRUDEOIL PRODUCTION
EXXON SETS DEADLINE TO EXIT WEST QURNA 1, PROMPTING TOUGH By Lizzie Porter, Ali al-Aqily, and Staff of Iraq Oil Report. Published Wednesday, April 21st, 2021. BASRA - ExxonMobil is attempting to sell its stake in the West Qurna 1 oil field to two Chinese companies, setting an end-April deadline that has prompted fraught negotiations with the Oil Ministry. "They told us officially,with an official
BAGHDAD ORDERS HALT TO KRG BUDGET TRANSFER Published Monday, April 27th, 2020. Leaders in Baghdad and Erbil are staking out hardline positions in oil and revenue negotiations that have become increasingly urgent and difficult due to a severe financial crisis. Following an order from the Council of Ministers on April 16, the federal government has not sent any budget transfer tothe semi
IRAQI CABINET APPROVES 2021 BUDGET WITH EVEN BIGGERIRAQ 2017 BUDGETIRAQ 2020 BUDGET NEWS Published Tuesday, December 22nd, 2020. Iraq's Cabinet has approved a draft 2021 budget, sending Parliament a bill with several likely flash points of controversy — including the devaluation of the currency, a record-setting deficit of 63 trillion Iraqi dinars ($43.4 billion), and provisions for sharing revenue with the semi-autonomous OIL MINISTRY BARS PETROFAC FROM GAS PROJECT After a former Petrofac executive pled guilty to paying bribes in Iraq and Saudi Arabia, the Oil Ministry has ordered an end to negotiations over the Ratawi gas hub. Executives from Iraq's state-run Basra Oil Company and the UK-listed Petrofac sign a contract for work at the Majnoon oil field on Aug. 13, 2018. (ALI AL-AQILY/Iraq Oil Report) By SECURITY WOES DASH IRAQ GAS PLANS The rise of the IS group has taken the Akkas and Mansuriya projects offline indefinitely, stalling development at the foundation of Iraq'sgas strategy.
SONANGOL RETURNS TO QAYARAH AND NAJMAH By Rawaz Tahir, Samya Kullab, Ben Lando and Staff of Iraq Oil Report. Published Sunday, February 4th, 2018. Sonangol will begin development of two oil fields 80 kilometers south of Mosul, four years after declaring force majeure due to rampant security problems followed by the rise of the self-proclaimed Islamic State (IS) group. FIELDS RETAKEN FROM IS STILL OFFLINE, UNDER ATTACK After being ousted from Ajil and Hamrin oil fields, IS fighters are launching deadly asymmetrical attacks that continue to cripple Iraq's northern oil sector. POLITICS - IRAQ OIL REPORT UPDATE: Iraq passes 2021 budget with record deficit and new oil deal for KRG. The new budget law lays out a revised framework for Baghdad-Erbil oil and revenue cooperation and projects a record deficit that is only likely to be filled if global oil prices remainhigh. Archives.
THIS WEEK IN IRAQ
This Week in Iraq is a free, weekly e-mail newsletter curated by the editors of Iraq Oil Report — your one-stop source for all of the most important news on Iraq's energy sector, political developments, security dynamics, and investment climate. ENERGY - IRAQ OIL REPORT The latest breaking and best in-depth news and information from Iraq, oil, politics, security, economics and society. CABINET FILES LEGAL CHALLENGE TO 2021 BUDGET BAGHDAD - The Iraqi Cabinet has filed a legal challenge to the 2021 federal budget law — a sign of the deep political dysfunction that is hindering attempts at economic reform and coherent management of public finances. In a detailed complaint to the QAYARAH FIELD RESUMES PRODUCTION BAGHDAD/ERBIL/KIRKUK - Production has resumed at the Qayarah heavy oil field in Ninewa province after a 14-month shut-in due to protests at export terminals, OPEC-plus output restrictions, and disputes over crude transport, according to four industry officials. Production atQayarah, which is
INTERVIEWS - IRAQ OIL REPORT Q&A: Bassem Abdul Karim Nassir, head of the Iraqi Drilling Company. The director general of Iraq's state-run drilling company discusses plans to help the country boost production in an era of higher oil prices and loosening OPEC constraints.IRAQ OIL REPORT
The latest breaking and best in-depth news and information from Iraq, oil, politics, security, economics and society. MAY OIL REVENUES HIT 16-MONTH HIGH Iraqi oil exports in May averaged 3.336 million barrels per day (bpd), according to Oil Ministry and industry data — a slight decline from April for both the federal government and Kurdistan Regional Government's (KRG) oil sectors.* The average price THIS WEEK IN IRAQ: QAYARAH BACK ONLINE; CABINET FILES 2021 Top Energy Stories. Production has resumed at the Qayarah heavy oil field in Ninewa province after a 14-month shut-in due to protests at export terminals, OPEC-plus output restrictions, and disputes over crude transport, according to four industry officials. Production at Qayarah, which is operated by Angolan state oil company Sonangol, restarted at 10,000 barrels per day (bpd) and the crude Q&A: BASSIM MOHAMMED KHUDAIR, DIRECTOR GENERAL OF THE Bassim Mohammed Khudair, director general of the Iraqi Drilling Company, in his Basra office on April 29, 2020. (ALI AL-AQILY/Iraq Oil Report) By Ali al-Aqily of Iraq Oil Report. Published Wednesday, May 13th, 2020. BASRA - One consequence of crashing global crude prices is that Iraq's oil fields are shutting down many drilling rigs, as theOil
IRAQ OIL REPORT
Iraq rejects Exxon’s proposed West Qurna 1 sale. In a recent letter, the Basra Oil Company said it would neither approve a sale to two Chinese companies nor buy out Exxon's stake on the same terms. POLITICS - IRAQ OIL REPORTIRAQ OIL FIELDSIRAQ OIL NEWSIRAQ OIL PRODUCTIONIRAQ AND OILIRAQ OIL AND GAS NEWSIS THERE OIL IN IRAQ UPDATE: Iraq passes 2021 budget with record deficit and new oil deal for KRG. The new budget law lays out a revised framework for Baghdad-Erbil oil and revenue cooperation and projects a record deficit that is only likely to be filled if global oil prices remainhigh. Archives.
ABOUT - IRAQ OIL REPORTSEE MORE ON IRAQOILREPORT.COMIRAQ OIL COMPANYIRAQ OIL NEWSIRAQI OIL EXPORTSIRAQ PETROLEUMIRAQI OILIRAQ CRUDEOIL PRODUCTION
EXXON SETS DEADLINE TO EXIT WEST QURNA 1, PROMPTING TOUGH By Lizzie Porter, Ali al-Aqily, and Staff of Iraq Oil Report. Published Wednesday, April 21st, 2021. BASRA - ExxonMobil is attempting to sell its stake in the West Qurna 1 oil field to two Chinese companies, setting an end-April deadline that has prompted fraught negotiations with the Oil Ministry. "They told us officially,with an official
BAGHDAD ORDERS HALT TO KRG BUDGET TRANSFER Published Monday, April 27th, 2020. Leaders in Baghdad and Erbil are staking out hardline positions in oil and revenue negotiations that have become increasingly urgent and difficult due to a severe financial crisis. Following an order from the Council of Ministers on April 16, the federal government has not sent any budget transfer tothe semi
IRAQI CABINET APPROVES 2021 BUDGET WITH EVEN BIGGERIRAQ 2017 BUDGETIRAQ 2020 BUDGET NEWS Published Tuesday, December 22nd, 2020. Iraq's Cabinet has approved a draft 2021 budget, sending Parliament a bill with several likely flash points of controversy — including the devaluation of the currency, a record-setting deficit of 63 trillion Iraqi dinars ($43.4 billion), and provisions for sharing revenue with the semi-autonomous OIL MINISTRY BARS PETROFAC FROM GAS PROJECT After a former Petrofac executive pled guilty to paying bribes in Iraq and Saudi Arabia, the Oil Ministry has ordered an end to negotiations over the Ratawi gas hub. Executives from Iraq's state-run Basra Oil Company and the UK-listed Petrofac sign a contract for work at the Majnoon oil field on Aug. 13, 2018. (ALI AL-AQILY/Iraq Oil Report) By SECURITY WOES DASH IRAQ GAS PLANS The rise of the IS group has taken the Akkas and Mansuriya projects offline indefinitely, stalling development at the foundation of Iraq'sgas strategy.
SONANGOL RETURNS TO QAYARAH AND NAJMAH By Rawaz Tahir, Samya Kullab, Ben Lando and Staff of Iraq Oil Report. Published Sunday, February 4th, 2018. Sonangol will begin development of two oil fields 80 kilometers south of Mosul, four years after declaring force majeure due to rampant security problems followed by the rise of the self-proclaimed Islamic State (IS) group. FIELDS RETAKEN FROM IS STILL OFFLINE, UNDER ATTACK After being ousted from Ajil and Hamrin oil fields, IS fighters are launching deadly asymmetrical attacks that continue to cripple Iraq's northern oil sector.IRAQ OIL REPORT
Iraq rejects Exxon’s proposed West Qurna 1 sale. In a recent letter, the Basra Oil Company said it would neither approve a sale to two Chinese companies nor buy out Exxon's stake on the same terms. POLITICS - IRAQ OIL REPORTIRAQ OIL FIELDSIRAQ OIL NEWSIRAQ OIL PRODUCTIONIRAQ AND OILIRAQ OIL AND GAS NEWSIS THERE OIL IN IRAQ UPDATE: Iraq passes 2021 budget with record deficit and new oil deal for KRG. The new budget law lays out a revised framework for Baghdad-Erbil oil and revenue cooperation and projects a record deficit that is only likely to be filled if global oil prices remainhigh. Archives.
ABOUT - IRAQ OIL REPORTSEE MORE ON IRAQOILREPORT.COMIRAQ OIL COMPANYIRAQ OIL NEWSIRAQI OIL EXPORTSIRAQ PETROLEUMIRAQI OILIRAQ CRUDEOIL PRODUCTION
EXXON SETS DEADLINE TO EXIT WEST QURNA 1, PROMPTING TOUGH By Lizzie Porter, Ali al-Aqily, and Staff of Iraq Oil Report. Published Wednesday, April 21st, 2021. BASRA - ExxonMobil is attempting to sell its stake in the West Qurna 1 oil field to two Chinese companies, setting an end-April deadline that has prompted fraught negotiations with the Oil Ministry. "They told us officially,with an official
BAGHDAD ORDERS HALT TO KRG BUDGET TRANSFER Published Monday, April 27th, 2020. Leaders in Baghdad and Erbil are staking out hardline positions in oil and revenue negotiations that have become increasingly urgent and difficult due to a severe financial crisis. Following an order from the Council of Ministers on April 16, the federal government has not sent any budget transfer tothe semi
IRAQI CABINET APPROVES 2021 BUDGET WITH EVEN BIGGERIRAQ 2017 BUDGETIRAQ 2020 BUDGET NEWS Published Tuesday, December 22nd, 2020. Iraq's Cabinet has approved a draft 2021 budget, sending Parliament a bill with several likely flash points of controversy — including the devaluation of the currency, a record-setting deficit of 63 trillion Iraqi dinars ($43.4 billion), and provisions for sharing revenue with the semi-autonomous OIL MINISTRY BARS PETROFAC FROM GAS PROJECT After a former Petrofac executive pled guilty to paying bribes in Iraq and Saudi Arabia, the Oil Ministry has ordered an end to negotiations over the Ratawi gas hub. Executives from Iraq's state-run Basra Oil Company and the UK-listed Petrofac sign a contract for work at the Majnoon oil field on Aug. 13, 2018. (ALI AL-AQILY/Iraq Oil Report) By SECURITY WOES DASH IRAQ GAS PLANS The rise of the IS group has taken the Akkas and Mansuriya projects offline indefinitely, stalling development at the foundation of Iraq'sgas strategy.
SONANGOL RETURNS TO QAYARAH AND NAJMAH By Rawaz Tahir, Samya Kullab, Ben Lando and Staff of Iraq Oil Report. Published Sunday, February 4th, 2018. Sonangol will begin development of two oil fields 80 kilometers south of Mosul, four years after declaring force majeure due to rampant security problems followed by the rise of the self-proclaimed Islamic State (IS) group. FIELDS RETAKEN FROM IS STILL OFFLINE, UNDER ATTACK After being ousted from Ajil and Hamrin oil fields, IS fighters are launching deadly asymmetrical attacks that continue to cripple Iraq's northern oil sector. POLITICS - IRAQ OIL REPORT UPDATE: Iraq passes 2021 budget with record deficit and new oil deal for KRG. The new budget law lays out a revised framework for Baghdad-Erbil oil and revenue cooperation and projects a record deficit that is only likely to be filled if global oil prices remainhigh. Archives.
THIS WEEK IN IRAQ
This Week in Iraq is a free, weekly e-mail newsletter curated by the editors of Iraq Oil Report — your one-stop source for all of the most important news on Iraq's energy sector, political developments, security dynamics, and investment climate. ENERGY - IRAQ OIL REPORT The latest breaking and best in-depth news and information from Iraq, oil, politics, security, economics and society. CABINET FILES LEGAL CHALLENGE TO 2021 BUDGET BAGHDAD - The Iraqi Cabinet has filed a legal challenge to the 2021 federal budget law — a sign of the deep political dysfunction that is hindering attempts at economic reform and coherent management of public finances. In a detailed complaint to the QAYARAH FIELD RESUMES PRODUCTION BAGHDAD/ERBIL/KIRKUK - Production has resumed at the Qayarah heavy oil field in Ninewa province after a 14-month shut-in due to protests at export terminals, OPEC-plus output restrictions, and disputes over crude transport, according to four industry officials. Production atQayarah, which is
INTERVIEWS - IRAQ OIL REPORT Q&A: Bassem Abdul Karim Nassir, head of the Iraqi Drilling Company. The director general of Iraq's state-run drilling company discusses plans to help the country boost production in an era of higher oil prices and loosening OPEC constraints.IRAQ OIL REPORT
The latest breaking and best in-depth news and information from Iraq, oil, politics, security, economics and society. MAY OIL REVENUES HIT 16-MONTH HIGH Iraqi oil exports in May averaged 3.336 million barrels per day (bpd), according to Oil Ministry and industry data — a slight decline from April for both the federal government and Kurdistan Regional Government's (KRG) oil sectors.* The average price THIS WEEK IN IRAQ: QAYARAH BACK ONLINE; CABINET FILES 2021 Top Energy Stories. Production has resumed at the Qayarah heavy oil field in Ninewa province after a 14-month shut-in due to protests at export terminals, OPEC-plus output restrictions, and disputes over crude transport, according to four industry officials. Production at Qayarah, which is operated by Angolan state oil company Sonangol, restarted at 10,000 barrels per day (bpd) and the crude Q&A: BASSIM MOHAMMED KHUDAIR, DIRECTOR GENERAL OF THE Bassim Mohammed Khudair, director general of the Iraqi Drilling Company, in his Basra office on April 29, 2020. (ALI AL-AQILY/Iraq Oil Report) By Ali al-Aqily of Iraq Oil Report. Published Wednesday, May 13th, 2020. BASRA - One consequence of crashing global crude prices is that Iraq's oil fields are shutting down many drilling rigs, as theOil
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AS IRAQI PRODUCTION GROWS, EXPORT BOTTLENECKS LOOM Iraq's OPEC cuts have masked a key problem: export capacity isn't keeping pace with production gains, and many solutions are years away.*
BAGHDAD SLOW-WALKS COURT FIGHT ON KRG OIL POLICY Prime Minister Abd al-Mahdi has again delayed a key legal filing, signaling an apparent desire to settle long-standing disputes through political negotiation rather than court battles.*
NEW LEADERSHIP REVIVES BAGHDAD-ERBIL OIL TALKS After more than a decade of disputes over oil and revenue, Iraqi leaders see renewed political and financial incentives to negotiatesolutions.
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OIL EXPORTS JUMP TO MORE THAN 4 MILLION BARRELS A DAY FROM IRAQ July data shows crude sales of both the federal and Kurdistan region governments bounce back from June drop.INTERVIEWS
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Q&A: THAMIR GHADHBAN, IRAQ’S DEPUTY PRIME MINISTER FOR ENERGY ANDMINISTER OF OIL
As Iraq pursues energy independence, the country's oil chief is streamlining the bureaucracy, crafting new investment incentives, and preparing to award mega-projects.*
Q&A: IHSAN ISMAAEL, DIRECTOR GENERAL OF BASRA OIL COMPANY Iraq's largest state oil company is expanding production capacity and building new infrastructure as it waits out an OPEC quota.ENERGY
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HORMUZ INCIDENTS HIGHLIGHT IRAQI EXPORT VULNERABILITY Iraq is scrambling to diversify its oil export routes amidst Iran-U.S. tensions, but there are no quick fixes. * American firms tapped for Ratawi gas deal * Iraqi production robust, despite OPEC deal * Hawrami in advisory role with new KRG cabinet * Scrutiny mounts on Baghdad-KRG energy and revenue pacts * Iraq hits half-year oil revenue targetPOLITICS
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IRAQI CABINET DECISIONS: AUG. 6, 2019 Whenever the media office of the Council of Ministers releases decisions of the Cabinet, Iraq Oil Report publishes a translation from the original Arabic. * Iraqi Cabinet decisions: July 30, 2019 * As Turkey-PKK conflict escalates, new risks for KRG * Iraqi Cabinet decisions: July 23, 2019 * Iraqi Cabinet decisions: July 16, 2019 * American firms tapped for Ratawi gas dealSECURITY
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AS TURKEY-PKK CONFLICT ESCALATES, NEW RISKS FOR KRG Two months into Turkey's new military offensive targeting PKK positions in Iraqi Kurdistan – and following the assassination of a Turkish diplomat in Erbil – a decades-old conflict is entering avolatile new phase.
* Rockets hit multiple Basra oil sites * Basra oil sites draw renewed protests * Q&A: Zuhair al-Araji, mayor of Mosul * Iraq’s North Oil Co. sues to take Khurmala back from KRG * U.S. warnings spur Exxon evacuation of expatsTHE DAILY BRIEF
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CULTIVATING REFUGE: THE ROLE OF URBAN AGRICULTURE AMONGST REFUGEES AND FORCED MIGRANTS IN THE KURDISTAN REGION OF IRAQ*
IRAQ: CAUGHT BETWEEN MILITIAS AND ‘ISLAMIC STATE’*
IN IRAQI HOLY CITY, ROW OVER FEMALE VIOLINIST AT SOCCER MATCH SHOWSSOCIAL RIFT
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IRAQ AUTHORITIES ACKNOWLEDGE HORRIFIC PRISON OVERCROWDING*
IRAQIS CHOOSE REFUGEE CAMPS OVER RUINED HOMES*
IRAN-BACKED MILITIAS ARE IN IRAQ TO STAY*
FUGITIVE EX-GOVERNOR EMBEZZLED $10 MN IN AID FOR DISPLACED*
YAZIDI WOMEN RAPED AS ISIS SLAVES FACE BRUTAL HOMECOMING CHOICE: GIVE UP THEIR CHILD OR STAY AWAY Q&A: FRITS KLAP, MANAGING DIRECTOR OF THE BASRAH GAS COMPANY* About
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* American firms tapped for Ratawi gas deal * As Turkey-PKK conflict escalates, new risks for KRG * Hormuz incidents highlight Iraqi export vulnerability * Iraqi production robust, despite OPEC deal * Baghdad slow-walks court fight on KRG oil policy * Oil exports jump to more than 4 million barrels a day from Iraq * As Iraqi production grows, export bottlenecks loom * Iraqi Cabinet decisions: July 16, 2019 * Iraqi Cabinet decisions: July 23, 2019 * Iraqi Cabinet decisions: July 30, 2019 SUBSCRIBE TO OUR MAILING LISTEmail Address
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In Iraqi holy city, row over female violinist at soccer match shows social rift https://t.co/uxX3fKMuAk*
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RT @PatrickOsgood : Jimmy Aldaoud "was an Iraqi national, but he was born in Greece and came to the U.S. as a young child, his family friend… Copyright © 2019 Strategic News International, Inc. All rights reserved. Advertising info | Privacy policy | Terms & ConditionsDetails
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