Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. The state-owned Midland Oil Company (MdOC) has announced the signing of a contract to drill eight wells (4+4) in the Naft Khana block in Diyala province. The deal was signed between NK Petroleum Limited, the block's operator, and a consortium comprising Zhongman Petroleum (ZPEC) and H&L Petroleum DMCC, which Iraq Business News […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Kurdistan Region oil exports to resume 'soon': SOMO chief The head of Iraq's State Oil Marketing Organization (SOMO) said on Monday that they are "working to implement the agreed-upon terms" to resume the Kurdistan […]
By Jon Wilks, for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Dispatch from Basra: Glimpses of hope in Iraq's forgotten south There is perhaps nowhere else where the high hopes of the new Iraq were so dashed as in […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has called for a reassessment of Iraq's oil export quota to reflect the country's true production capacity. Speaking at the Baghdad International Energy Forum (BEIF) on Saturday, which was attended by the OPEC Secretary-General along with Arab, international, and corporate delegations, Sudani highlighted Iraq's strategic role […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani (pictured) has directed the formation of a high-level investigative committee to examine allegations of corruption involving the mixing and smuggling of crude oil and petroleum products, both at Iraqi ports and within the country's territorial waters. Sudani stressed that there would be zero tolerance in handling […]
From The Economist. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. The World's Surprise Boomtown: Baghdad Iraq's population has grown by 20 million since America's invasion. Read the full article here (subscription needed).
By John Lee. The Iraqi Oil Exploration Company has completed the two-dimensional seismic survey programme at "Ziggurat-Uruk" in Muthanna and Diwaniyah provinces ahead of schedule. Director General Osama Raouf Hussein visited the Fourth Seismic Team on Thursday and praised the national workforce for completing the project 12 days earlier than planned, achieving 104% of the […]
From OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Turkey Tightens Grip on Iraq's Energy Lifelines Turkey halted 600 MW of electricity exports into northern Iraq last week after Baghdad fell behind on payments, leaving Nineveh and Mosul short at peak summer demand. […]
From 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. Iraq and Turkey in the post-Suspension of the 1973 Oil Agreement The decision by Turkish President in mid-July 2025 to suspend the oil agreement signed between Iraq and […]
By John Lee. On Wednesday, Iraqi Prime Minister Mohammed Shia Al-Sudani sponsored the signing of two agreements and 24 Memoranda of Understanding (MoUs) with the Sultanate of Oman, in the presence of Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul-Ghani Al-Sawad. The MoUs covered multiple fields, including energy and oil. They […]
By John Lee. The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on a network of shipping companies and vessels led by Iraqi-Kittitian businessman Waleed al-Samarra'i, accused of smuggling Iranian oil disguised as Iraqi-origin crude. According to the Treasury, the network covertly blended Iranian oil with Iraqi oil and […]
By John Lee. The Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul-Ghani, has visited the Dora Oil Complex in Baghdad. He was received by Haitham Ibrahim, Director General of Midland Refineries Company, and Ali Abdul-Karim Al-Moussawi, Director General of Oil Pipelines Company. The minister inspected operations at the complex, which hosts […]
