Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. DNO has outlined the licence timelines and expected production outlook for its development and production assets in the Kurdistan Region of Iraq. In its recently-issued Annual Report for 2025, the company said the Tawke licence is due to expire in 2026, but includes an automatic five-year extension option that would extend the […]
By John Lee. Genel Energy has announced that Sir Dominick Chilcott (pictured) has indicated his intention to retire from the Board at the AGM in May 2026. Sir Dominick has served for just under two years at Genel as Non-Executive Director, a member of the Remuneration Committee and the Nomination Committee. Patrick Allman-Ward, Chair of […]
By John Lee. DNO has confirmed that it has temporarily shut down production and drilling operations on the Tawke license in the Kurdistan region of Iraq, and evacuated its staff, as a result of the Iran-Israel-US war. In a statement contained in its Annual Report 2025, the company said it continues to monitor developments closely […]
By John Lee. Iraq's State Oil Marketing Organization (SOMO) has expressed strong concern following attacks on two oil tankers operating within Iraqi territorial waters. According to SOMO, the tanker SAFESEA VISHNU, flying the flag of the Marshall Islands and chartered by an Iraqi contracting company, and the tanker ZEFYROS, flying the Maltese flag and carrying condensate […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Mounting regional confrontation chokes Iraq's energy lifelines Iraq is in crisis as a nationwide oil and gas production shutdown has put the future of the country's economy in flux. This comes […]
By John Lee. Chevron has received approval from Iraq's Council of Ministers for the final terms and conditions of a framework agreement with the Ministry of Oil concerning the management and operation of the West Qurna 2 oil field. According to the Prime Minister's Office, the agreement is between the Ministry of Oil, represented by […]
By John Lee. Iraq's Oil Exploration Company has reported significant progress on a two-dimensional seismic survey programme north of Fallujah in Anbar province. The project, conducted for Midland Oil Company, forms part of the Ministry of Oil's plans to expand geological and geophysical data to support oil and gas exploration. According to the company, more […]
By John Lee. Production has been suspended at the Sarsang oil field in Duhok Governorate following an attack that caused damage to the facility. According to the Ministry of Natural Resources of the Kurdistan Regional Government (KRG), the incident occurred on Thursday night and was carried out by armed groups operating outside the law in […]
By John Lee. Angola's Sonangol has reported an incident involving the oil tanker Sonangol Namibe (pictured) while anchored at Khor Al-Zubair in southern Iraq awaiting loading operations. Preliminary reports indicate that a localised explosion occurred on the vessel's deck on 5th March (Thursday). The tanker is registered under the Bahamas flag and is operating within the […]
By John Lee. The Iraqi Drilling Company (IDC) completed the drilling and rehabilitation of 16 oil wells in February 2026 for national and international operators working in Iraq. The works included: Drilling of three new wells; Rehabilitation of 13 existing wells. Director General Mohammed Hantoush said the operations were carried out in line with approved technical […]
By John Lee. The Iraqi Cabinet has authorised the Ministry of Oil to exercise the necessary powers to address a potential crisis in crude oil and petroleum product exports resulting from the closure of the Strait of Hormuz. The decision relates to anticipated disruptions to export operations and is intended to enable the Ministry to […]
By Simon Watkins for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. How Chevron's New Deals Could Transform Iraq's Production Outlook The very recent signing of two sets of major oil deals by U.S. oil giant Chevron following the forced withdrawal of Russian […]
