Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. Operations at four Kirkuk oil and gas fields have been transferred from North Oil Company (NOC) and North Gas Company (NGC) to a joint operating authority established to manage the fields. The transfer covers the Kirkuk oil field, Bai Hassan oil field, and the Khabbaz and Jambur fields. The ceremony was held […]
By Nadim Kawach, 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. Iraq Seeks to Boost Oil Revenue by Cutting Buyers' Discounts Iraq is seeking to reduce the discounts on crude oil it offers international buyers in an […]
By John Lee. A first cargo of top-up barrels has been lifted following an allocation by the State Oil Marketing Organization (SOMO) to compensate Gulf Keystone Petroleum (GKP) and other international oil companies (IOCs) party to the tripartite interim export agreements. The barrels reconcile export sales during Q4 2025 to international prices and begin to […]
By John Lee. Prime Minister Ali al-Zaidi has met the chief executives of TotalEnergies and ConocoPhillips to discuss oil and associated gas investment at the Nahr Bin Umar oil field in Basra province. The meetings, held on Sunday, included TotalEnergies CEO Patrick Pouyanné and ConocoPhillips CEO Andy O'Brien, along with their respective delegations. Discussions covered […]
By John Lee. A contract has been signed between Iraq Oil Exploration Company and KAR Group for 2D and 3D seismic surveys at the Sasan and Alan exploration blocks in Nineveh province. Oil Minister Basim Muhammad Khudhair al-Abadi presided over the signing ceremony on Tuesday. The Minister underlined the importance of completing the project on […]
By Nadim Kawach, 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. Turkey to Gain from Upcoming Oil Pact with Iraq Turkey will gain from an expected oil pact with Baghdad that replaces a decades-old deal governing Iraq's […]
From the Iraq Britain Business Council (IBBC). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Basrah Gas Company Awarded the Rasmi Al Jabri Award for Business Excellence At the prestigious IBBC 2026 Annual Retreat at Cumberland Lodge, Great Windsor Park, Basrah Gas Company (BGC) […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Qs & As Regarding Al-Zaidi Government' Views on Petroleum Issues Interest in the Iraqi petroleum sector has intensified lately, particularly from energy-focused Western media sources. In response to my articles and presentations […]
By John Lee. UK-based law firm Hagens Berman EMEA says it has sent a letter before action to BP, giving notice of intended legal proceedings over alleged gas flaring pollution at the Rumaila oil field near Basra, which the firm links to elevated rates of cancer and respiratory illness in surrounding communities. The letter, sent […]
By Francesca Washtell, 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. Iran's Blind Eye Helps Iraqi Oil Exports to Bounce Back Iraq has restored its oil exports to 70 percent of pre-war volumes after it increased shuttling […]
By John Lee. Plans are under discussion for an Indian investment in a pipe manufacturing complex in Basra, producing oil, gas, and water pipelines for infrastructure projects and the domestic market. The National Investment Commission (NIC) met with a delegation from Indian company Man Industries this week to explore the proposal. Adel Dakhil Muhammad al-Yasiri, […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Controls its Northern Exports, but Ankara Sets the Timetable While Baghdad appears to have won the fight over who controls crude oil pumped in Iraqi Kurdistan, it has not won control over […]
