Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. The Kurdistan Regional Government (KRG), along with international leaders, has condemned Thursday's attack on the Khor Mor gas field. It added that the attack was, "a direct consequence of the absence of decisive measures [by Baghdad] against those responsible for previous attacks." The field's operator, UAE-based Dana Gas, has not issued any […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for October. Total exports of crude oil: 110,923,047 barrels. Exports from the oil fields in central and southern Iraq amounted to 104,816,106 barrels. Exports from the Kurdistan Region via the Turkish port of Ceyhan amounted to 5,834,864 barrels. Exports to Jordan amounted […]
By John Lee. Italy's Prometheus will supply its ProFlex passive fire protection systems for the New Nassiriya Depot Project, where China Petroleum Pipeline Engineering Co., Ltd (CPP) is the EPC contractor. The project, developed by the State Company for Oil Projects (SCOP), involves the construction of a new crude oil storage and handling facility on the […]
By John Lee. The Ministry of Oil has completed the two-dimensional (2D) seismic survey programme west of Khudher Al-Mai [Khider al-Mai] in Muthanna province, exceeding its target with a completion rate of 103 per cent. The work was carried out by the Third Seismic Team under the Oil Exploration Company, covering a total distance of […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Politicians hail Iraq-Turkey 'oil-for-water' accord as critics cry foul Touted as a breakthrough, Iraq and Turkey have signed a "historic" oil-for-water agreement. Officials say the deal will boost both countries' economies while easing […]
By John Lee. Scottish consulting and engineering company Wood has secured a new contract to deliver project management and engineering services for PetroChina at the West Qurna 1 oilfield in southern Iraq -- one of the world's largest -- continuing its decade long support there. Under the contract, Wood will manage engineering, procurement and construction […]
By John Lee. Iraq and Turkey have resumed negotiations on a new agreement for transporting crude oil through the Iraq-Turkey Pipeline (ITP), following a meeting in Ankara. Talks were held between the Iraqi Ministry of Oil and the Turkish Ministry of Energy and Natural Resources, led respectively by the Iraqi Deputy Minister for Extraction and […]
By John Lee. The United States has issued a sanctions waiver allowing continued operations related to Russia's Lukoil until 13th December, following restrictions imposed earlier this month. Lukoil said on 14th November that it is in negotiations with several potential buyers for its international assets, adding that a deal will be announced once agreements and […]
By John Lee. Gulf Keystone Petroleum (GKP) has confirmed the completion of the first lifting of Kurdistan crude allocated to the company and other IOCs for September-October 2025 pipeline exports, carried out by the nominated trader at Türkiye's Ceyhan terminal. Payment for the company's share is expected within 30 days, in line with the interim […]
By John Lee. The International Energy Agency (IEA) has issued its flagship report, World Energy Outlook (WEO) 2025, emphasising: "In a volatile world, energy security takes centre stage. Pressing threats and longer term hazards are elevating energy to a core issue of economic and national security. Energy is at the heart of today's geopolitical tensions, […]
By John Lee. Genel Energy has issued a trading and operations update in respect of the third quarter and first nine months of 2025. Regarding the company's operations in Iraqi Kurdistan, it said: PRODUCTION: KURDISTAN TAWKE PSC (25% interest) Gross production levels are now back to around 80,000 bopd, consistent with the levels achieved in […]
By John Lee. Iraq's Oil Pipelines Company has signed a strategic partnership agreement with Dubai-based Progwin Ltd as part of the Ministry of Oil's efforts to enhance technical and engineering capabilities and strengthen cooperation with reputable international firms. Director General Ali Abdul-Karim Al-Moussawi said the agreement aims to expand technical and investment cooperation between the […]
