Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. Türkiye Petrolleri Anonim Ortaklığı (TPAO) is to acquire a 15% interest in BP Energy Company of Kirkuk Limited (BP ECKL), the vehicle through which BP is supporting the redevelopment of major oil and gas fields in the Kirkuk region of northern Iraq. According to BP, the agreement builds on a strategic cooperation […]
By John Lee. The Iraqi Minister of Oil has been authorised to sign a memoranda of understanding (MoU) with a consortium comprising US-based companies ConocoPhillips, TI Capital and Novaterra Energy. Cabinet approved the agreement, which involves assessing the exploration and development potential at the Akkas gas field (pictured) in western Iraq, and surrounding areas. Earlier […]
By John Lee. Iraqi authorities have seized IQD 27 billion ($20.6 million) in connection with a corruption case involving a detained senior official at the Ministry of Oil. According to the Supreme Judicial Council (SJC), the funds were found hidden with a number of individuals linked to the case. The investigating judge at the Central […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Al-Zaidi' Government on Petroleum Issues and Washington DC Visit The Iraqi Council of Representatives (Parliament) voted on 14th May 2026 to endorse the new government headed by PM Ali Al-Zaidi, and approved […]
By John Lee. Iraq's Council of Ministers has authorised the chief executive of Basra Oil Company (BOC) to sign a memorandum of understanding (MoU) between the Ministry of Oil and Syria's Ministry of Energy. The agreement covers the establishment of a pipeline project to connect Iraqi oil production to global export markets via the Mediterranean. […]
By Umud Shokri, for the Middle East Forum. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. What Does Iraq's $1.47 Billion Arbitration Victory over Turkey Mean for the Future? The Paris Court of Appeal has strengthened Iraq in its long-standing case with Turkey. Turkey […]
By Matein Khalid, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. As the War Flares, Iraq's Economic Dire Straits Deepen The revival of the US-Israel-Iran war is set to intensify the concatenation of economic, energy and geopolitical […]
By John Lee. A planned oil pipeline linking Haditha in Iraq to Baniyas on the Syrian coast is intended to serve as a strategic export route to European markets, according to the Syrian Petroleum Company (SPC). The project is expected to take between two and two-and-a-half years to complete. Safwan al-Sheikh Ahmad, Director of Communications […]
By Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. 1. A historic volume of agreements - 48 in total A total of 48 agreements, memoranda of understanding, cooperation agreements and partnership declarations were signed between public and private sector entities in Iraq […]
By John Lee. Basra Oil Company (BOC) has awarded a contract to US company Halliburton to provide Integrated Field Management Services (IFMS) and Engineering, Procurement, and Construction Management (EPCM) for the Nahr Bin Umar oil field and Sindbad oil and gas fields in southern Iraq. The contract scope includes field development planning, production optimisation, digital […]
By John Lee. A development contract for the Hamrin oil field has been activated with US-based HKN Energy in a ceremony attended by Minister of Oil Basim Muhammad Khudhair al-Abadi. According to the Ministry of Oil, the contract targets a peak production rate of 140,000 barrels per day of oil, alongside approximately 40 million standard […]
By John Lee. Gulf Keystone Petroleum (GKP) has announced that production operations at its Shaikan oil field in the Kurdistan Region of Iraq have been temporarily shut in as a safety precaution, citing the developing regional security environment. The company said its assets have not been impacted and that the latest gross production figure was […]
