Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. Discussions have taken place regarding the investment and development of the Hamrin oil field, focusing on technical, economic, and contractual aspects of the project. The meeting was held on Thursday, 22 January 2026, at the headquarters of North Oil Company (NOC), with the participation of a delegation from HKN of the United […]
By John Lee. Genel Energy has announced the appointment of Patrick Allman-Ward as an Independent Non-Executive Director and Chair of the Board, with effect from 9 February 2026. According to a statement from the company: "Patrick is a globally respected energy leader with over 40 years of international upstream experience. He served as CEO of […]
By John Lee. Shares in Gulf Keystone Petroleum (LSE: GKP) closed down more than 7 percent on Thursday after the company provided an operational and corporate update. The sell-off was primarily driven by the following factors: Lower Production Guidance: GKP expects average gross production to drop to between 37,000 and 41,000 barrels of oil per day […]
By John Lee. The longest horizontal oil well ever drilled in Iraq has been completed at the East Baghdad oil field, southern area. The project was delivered by the Midland Oil Company in cooperation with the Chinese firm EBS Petroleum [Zhenhua Oil] and involved the drilling of the horizontal well EBMK-8-1H. The well reached a total […]
By John Lee. The Missan Oil Company has increased volumes of processed gas from the Halfaya field, with the Halfaya Gas Receiving Station (GRS) now receiving and processing up to 190 million standard cubic feet per day (mmscfd). In a statement to the state-run Iraqi News Agency (INA), the company said the facility has undergone […]
By John Lee. Final operations have commenced at the Salah Al-Din [Salahuddin] 3 refinery, increasing Iraq's refining capacity by 70,000 barrels per day (bpd). The refinery, operated by the North Refineries Company (NRC), has successfully completed final commissioning, with its products delivered to storage facilities in preparation for local marketing, according to the Ministry of […]
By John Lee. Drilling operations have begun at the Akkas gas field in Anbar province as part of efforts to expand domestic gas production and support power generation. The project has entered an initial fast-track production phase with capacity of 100 million standard cubic feet of gas per day, with subsequent phases planned to raise […]
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. Is Iraq About to Make Its Biggest Geopolitical Pivot in Years? Washington's escalation of sanctions on Russia's top oil firms has opened space for Western majors to re-enter Iraq. Click here […]
By John Lee. The Iraqi Embassy in Moscow has issued a clarification regarding reports that Iraq plans to nationalise the West Qurna-2 oil field, operated by Russia's Lukoil. The embassy confirmed that the field is fully state-owned. Under the 2008 licensing round agreement, Lukoil managed and developed the field and produced oil under a service […]
By John Lee. Rudaw has quoted the Director General of Iraq's State Oil Marketing Organisation (SOMO), Ali Nizar al-Shatri [Shatari], as saying that the Ministry of Oil has signed a contract with British consulting firm Wood Mackenzie to calculate the actual production costs at oil fields in the Kurdistan Region. Iraq Business News has approached […]
By John Lee. State-owned Basra Oil Company (BOC) has been approved by the Council of Ministers to assume responsibility for managing petroleum operations at the West Qurna 2 oilfield, in line with the provisions of the field's service and development contract. According to a statement from the Prime Minister's Office, the Cabinet decision also authorises the […]
By Yesar Al-Maleki, for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Rebuilding Resilience: The Iraq-Türkiye Pipeline's Role in Iraq's Oil Export Security The resumption of Kurdish crude […]
