Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for August. Total exports of crude oil: 104,806,884 barrels. Exports from the oil fields in central and southern Iraq amounted to 103,895,706 barrels. Exports from Qayyarah were 911,178 barrels. Average daily crude oil exports: approximately 3.381 million barrels per day. The total […]
By John Lee. Minister of Oil, Hayan Abdul Ghani, has launched drilling operations for the first oil well in the Fao [Faw] block during a recent visit to Basra. He underlined the Ministry's commitment to developing oil fields and exploration blocks to boost crude output and expand gas investment in support of the national economy. […]
By John Lee. Oil exports from Iraq's Kurdistan Region are set to resume through the Iraq-Turkey Pipeline (ITP) following agreements between Baghdad's Federal Government, the Kurdistan Regional Government (KRG), and international oil companies, ending the prolonged export suspension. DNO ASA will deliver the Kurdistan Regional Government's share of production from its Tawke license, currently averaging […]
By John Lee. The Kurdistan Regional Government (KRG) Ministry of Natural Resources has confirmed that it has fulfilled its obligations regarding oil exports from the Kurdistan Region, in coordination with the Federal Ministry of Oil. It says that all domestic and foreign companies, with the exception of one foreign entity that has yet to formalise […]
DNO ASA, the Norwegian oil and gas operator, has announced that Birgitte Wendelbo Johansen has been appointed Chief Financial Officer effective 1 November 2025, replacing Haakon Sandborg who is stepping down following 24 years in the role. Ms. Johansen joins DNO from Reach Subsea ASA, an Oslo Børs listed oil services company, where she served […]
By John Lee. Genel Energy and DNO have issued statements relating to recent media reports of an agreement on the export of oil from Iraqi Kurdistan via the Iraq-Turkey Pipeline to the port of Ceyhan. DNO, the largest operator in the Kurdistan Region, said it is eager to resume exports but "pursuant to agreements that […]
By John Lee. Basra Oil Company (BOC) and China Petroleum Pipeline Engineering (CPPE) have signed a contract for a 950-kilometre seawater distribution pipeline network to supply multiple oilfields in southern Iraq, with project supervision by Austria's ILF Consulting Engineers. The contract forms part of Iraq's strategic Common Seawater Supply Project (CSSP), which includes a central […]
By John Lee. UAE-based Dragon Oil has signed a series of strategic memoranda of understanding with key companies operating in Iraq's oil projects. The agreements include an MoU with China's Anton Oilfield Services, and another with Iraqi firm Nahdat Al-Bina for Contracting. According to the company, the memoranda open new opportunities to strengthen cooperation, support […]
By John Lee. Iraqi Prime Minister Mohammed Shiaa al-Sudani met on Thursday with Jeff Miller, Chairman and CEO of Halliburton, along with his accompanying delegation. Al-Sudani underlined the government's strong interest in the role of major international oil companies, particularly American firms, in developing Iraq's energy sector, improving production efficiency, and achieving national goals. He […]
By John Lee. Iraq's attempt to import gas from Turkmenistan via Iran has reportedly failed following pressure from the United States. Click here to read the full article. (Source: Reuters)
By Hayder Al Shakeri for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Why is energy-rich Iraq still having to import electricity? For more than a decade, Iraq's power system has relied heavily on Iranian gas and electricity imports, which at […]
By John Lee. US energy technology company Baker Hughes has announced an agreement with Iraq-based Halfaya Gas Company (HGC) to strengthen their collaboration for an innovative flare gas recovery system at the Bin Umar [Nahr Bin Umar, Nahr Ben Umar] gas processing plant in southeastern Iraq. The project will significantly reduce upstream flaring and transform […]
