Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. Talks between Iraqi and Syrian officials in Damascus have covered oil exports from Iraq via the Syrian port of Baniyas, trade volumes, and agricultural cooperation. According to Iraq's Prime Minister's Office, the meetings were co-chaired by Prime Minister Ali al-Zaidi and Syrian President Ahmad al-Sharaa. Topics discussed included: Exporting Iraqi oil through […]
By John Lee. Iraq's Deputy Minister of Oil for Gas Affairs, Dr Izzat Sabir Ismail, addressed the Gas Exporting Countries Forum (GECF) meeting in Moscow on Tuesday, outlining the country's priorities for developing both free gas and associated gas resources. According to the Ministry of Oil, Dr Ismail described gas sector development as a national […]
By Gökçe Nur Ataman, for The National Interest. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Courts US Oil Giants to Secure New Export Routes Chevron and ConocoPhillips are pursuing different paths into Iraq's oil sector, but the $60 billion in announced deals […]
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. Chevron Moves to Take Over Russia's Most Prized Iraqi Oil Field Back in February, U.S. oil and gas giant Chevron signed four preliminary agreements with Iraq's Oil Ministry, which underscored that […]
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. Oil Revenue Slump Leaves Iraq Facing $23bn Budget Deficit Iraq's oil revenues have slumped as a result of the disruption to exports caused by the Iran […]
By John Lee. ExxonMobil and Basra Oil Company (BOC) have signed a memorandum of understanding (MoU) covering Phase 2 of a seawater injection project for southern Iraqi oil fields. The agreement was signed on Wednesday under the auspices of Minister of Oil Basim Muhammad Khudhair al-Abadi. The project will use seawater to support reservoir pressure […]
By Noam Raydan, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Energy Challenges Amid the Hormuz Crisis The recent rebound in crude exports is welcome but only partial, and officials have yet to find answers […]
By John Lee. A tanker was reportedly struck by an unknown projectile approximately 30 nautical miles south-east of Al Faw, Iraq. According to the United Kingdom Maritime Trade Operations (UKMTO), the crew are safe and no damage or environmental impact has been reported. UKMTO issued Warning 180-26 on 20 October 2026, noting the report was […]
By John Lee. A new associated gas processing and utilisation system (GCS) has been commissioned at the second separation station of the Garraf oil field in Dhi Qar, with an operating capacity of 15 to 22 million standard cubic feet per day (mmscfd). The opening was held under the patronage of Oil Minister Basim Muhammad […]
By John Lee. Gulf Keystone Petroleum (GKP) and ShaMaran Petroleum have agreed to merge in a transaction valuing ShaMaran's entire issued share capital at approximately $601 million. The deal will create a combined company with a pro-forma market capitalisation of more than $1 billion, focused on oil production in the Kurdistan Region of Iraq and […]
By John Lee. Iraq's oil export rate has reportedly risen to more than 3.4 million barrels per day (bpd) in the current month, up from an average of 3 million bpd recorded in September. Exports are being routed via the Strait of Hormuz, the Turkish port of Ceyhan, and through pipeline infrastructure via Syria. Minister […]
By John Lee. Iraq is planning to build 16 new liquefied petroleum gas (LPG) storage tanks with a combined capacity of 48,000 cubic metres, as part of efforts to expand strategic reserves and improve supply stability. According to the Ministry of Oil, a senior review meeting was chaired by Dr Izzat Sabir Ismail, Deputy Minister […]
