Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. Basra Oil Company (BOC) has signed a five-year contract with US firm Halliburton for the integrated management of the Nahr Bin Umar oil field and Sindbad field. The signing took place under the auspices of Minister of Oil Basim Muhammad Khudhair al-Abadi, in line with government plans and directives from Prime Minister […]
By John Lee. The Council of Ministers has approved the signing by Basra Oil Company (BOC) of a Heads of Agreement (HOA) and a non-disclosure agreement (NDA) with a consortium comprising US firm Capital TI, Qatar's UCC [Urbacon Trading & Contracting], and US major Chevron. The approval allows for a state-owned company to be added […]
By John Lee. Iraq's Prime Minister, Ali al-Zaidi, held talks on Thursday with a Jordanian ministerial delegation led by Jordan's Minister of Industry, Trade and Supply, Yarub Falah Al-Qudah, with Iraq's Minister of Industry and Minerals, Mohammed Nouri Ahmed, also in attendance. According to the Ministry of Industry and Minerals, the Jordanian delegation also included […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq And Türkiye Reach One-Year Oil Export Protocol Through Ceyhan Pipeline Iraq and Türkiye have agreed on a one-year temporary protocol to ensure the continuation of oil exports through the pipeline linking the Kurdistan […]
By John Lee. Seven OPEC+ countries, including Iraq, have agreed to a production adjustment of 188,000 barrels per day (bpd) from the additional voluntary adjustments announced in April 2023, to be implemented in August 2026. The countries, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, met virtually on 5 July 2026 to review global […]
By Yaqoub Yousif Al-Khudhur, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Restructuring and Change of Ownership as a Prerequisite for Expanding the Iraqi Oil Tankers Company: An Analytical Feasibility Study Since Iran began closing the […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Can Baghdad's Air Defense Umbrella Bring US Oil Back to Iraqi Kurdistan? Several years of intermittent regional conflict appears to be bringing Baghdad and Erbil closer together amid high-level negotiations to deploy air defense […]
By John Lee. A high-level Iraqi delegation visited Ankara on Wednesday and Thursday to discuss the future of the Iraq-Turkey Pipeline (ITP) and explore cooperation in oil exports and energy. According to Iraq's Ministry of Oil, the visit forms part of the Ministry's policy of diversifying crude oil export sources and expanding cooperation with neighbouring […]
By Dr. Hussein Al-Jazairi, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Expected Effects of the US-Iran Peace Agreement on Iraq's Oil Maritime Transport Sector The maritime transport and insurance sector in the Arabian Gulf […]
From The New York Times. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. U.S. Resumes Dollar Transfers to Iraq After Monthslong Suspension The Trump administration had halted the shipments to Iraq as part of its efforts to pressure the Baghdad government to distance itself […]
By John Lee. Basra Oil Company (BOC) signed a confidentiality agreement with Chevron of the United States on Wednesday to regulate the exchange of information for the evaluation of the West Qurna 2 oil field, and to negotiate future agreements. According to the Ministry of Oil, West Qurna 2 is one of Iraq's giant oil […]
By John Lee. Iraqi investigators have seized $11m in cash, 4 billion Iraqi dinars ($3.05m), and a number of properties as part of a corruption investigation into a senior Ministry of Oil official. According to the Supreme Judicial Council (SJC), the investigating judge at the Central Anti-Corruption Felonies Court said preliminary investigations into Ali Maarij […]
