Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. DNO, which operates the Tawke licence in Iraqi Kurdistan, has said today (Tuesday) that it now projects full-year 2023 production for Tawke to be below the previously communicated projection of 100,000 barrels of oil per day, as a result of the previously-advised shutdown in production. Full statement from DNO: DNO ASA, the […]
By Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Oil flow from Iraqi Kurdistan to Turkey remains stopped, threatening sector Oil flows to Turkey remain frozen following the agreement between Iraq and the Kurdistan Regional Government (KRG). The […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed drilling the directional oil well Zubair/566 at a depth of 2471 meters, as part of the contract with the Italian company ENI to drill 37 oil wells in the Zubair oil field in Basra. This project is being carried out in cooperation with the […]
By John Lee. Iraq's oil exports to Jordan by truck have reportedly stopped at the end of March. Jordan Times cites sources as saying that a new deal is waiting to be signed, implying that the delay is on the Iraqi side. Oil exports by road to Jordan totalled 309,841 barrels last month. (Source: Jordan […]
By Bassam Yousif, Omar El-Joumayle and Jehan Baban, for the Economic Research Forum (ERF). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Challenges to Iraq's Environment: Applying the Water-Energy-Food Nexus Framework This paper utilizes research on Water-Energy-Food (WEF) nexus to study the relationships between […]
By Simon Henderson, Bilal Wahab, Henry Rome, 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. Israel May Lose Oil Access in Baghdad-Kurdish Deal Years of quiet and fairly lucrative oil trading between the Kurds and Israel […]
By Amberin Zaman, for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq expert Bilal Wahab says Turkey wants guarantees from Baghdad before allowing Kurdish oil exports to resume. Click here to hear the full interview.
Statement from US National Security Advisor Jake Sullivan Welcoming Developments in Iraq's Energy Sector We welcome significant progress in Iraq this week with respect to energy deals that further strengthen Iraq's sovereignty, independence, and economic prosperity. First, the Government of Iraq and the Kurdistan Regional Government reached a historic agreement on the export of oil […]
By John Lee. The Iraqi Minister of Electricity, Ziyad Ali Fadel, held a meeting this week with the Saudi Export Development Authority (SEDA). Among the items discussed was the reconstruction of Baiji thermal and gas stations Nos. 1 and 2, and the possibility that these will be financed by the Saudi Export Fund. (Source: Ministry […]
By John Lee. Iraq's National Investment Commission (NIC) has announced the details of three investment opportunities in the oil refining sector. Please click on the links below for more information: Nasiriyah Refinery in Dhi Qar Governorate, with a capacity 150,000 bpd; Al-Kut Refinery in Wasit Governorate, with a capacity of 100,000 bpd; Samawah refinery in […]
By John Lee. The Iraqi Cabinet has agreed to approve the contract for TotalEnergies' integrated gas development project with some amendments, as follows: The government's participation will be amended from 40 percent to 30 percent in accordance with Cabinet Resolutions (361 and 480 of 2021) to facilitate the signing of related agreements and resolve the […]
By John Lee. Baghdad and Erbil have agreed a deal to resume oil exports from northern Iraq. Exports of crude oil from Iraqi Kurdistan and Kirkuk had been suspended since last week after a ruling from the Paris-based International Court of Arbitration that Turkiye can not allow exports from the autonomous region by pipeline to […]
