By John Lee. The Council of Ministers has approved the signing by Basra Oil Company (BOC) of a Heads of Agreement (HOA) and a non-disclosure agreement (NDA) with a consortium comprising US firm Capital TI, Qatar's UCC [Urbacon Trading & Contracting], and US major Chevron. The approval allows for a state-owned company to be added […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq And Türkiye Reach One-Year Oil Export Protocol Through Ceyhan Pipeline Iraq and Türkiye have agreed on a one-year temporary protocol to ensure the continuation of oil exports through the pipeline linking the Kurdistan […]
By John Lee. A high-level Iraqi delegation visited Ankara on Wednesday and Thursday to discuss the future of the Iraq-Turkey Pipeline (ITP) and explore cooperation in oil exports and energy. According to Iraq's Ministry of Oil, the visit forms part of the Ministry's policy of diversifying crude oil export sources and expanding cooperation with neighbouring […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq forms committee to renew Kirkuk-Ceyhan oil pipeline agreement Iraq has established a high-level committee to prepare a new draft agreement on the Kirkuk-Ceyhan oil pipeline as the current deal expires in July. Salim […]
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. The Clock Is Ticking Down To Iraq's Economic Disaster On 27 July OPEC's second-largest oil producer, Iraq, has less than two months before it loses the key means to export its […]
By James Drummond, 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. Iraq urgently needs to find ways of getting its oil to market Iraq is planning to triple crude oil export volumes via pipeline, according to the […]
From 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. Two months left for Iraq and Turkey to reach pipeline deal Iraq is suffering a steep drop in its oil exports due to the near-closure of the Strait of […]
By John Lee. Iraq's Ministry of Oil has been authorised to negotiate a long-term agreement with Turkey governing the Iraq-Turkey pipeline (ITP), according to a cabinet decision. The Council of Ministers approved an amendment to Resolution 254 of 2026, extending the pipeline contract for four months. Under the amended resolution, the Ministry of Oil is […]
By John Lee. According to the state-run Iraqi News Agency (INA), the Kirkuk-Nineveh crude oil export pipeline, which carries oil to the Turkish port of Ceyhan, is set to resume operations within a month. Bassim Mohammed Khudair, Undersecretary of the Ministry of Oil for Extraction Affairs, told the agency that the ministry also has a […]
By John Lee. The Basra-Haditha pipeline project will reportedly have an export capacity of 2.5 million barrels per day (bpd) and is expected to create around 15,000 jobs for Iraqi workers. The Ministry of Oil spokesman, Sahib Bazoun, told the state-run Iraqi News Agency (INA) that the pipeline will serve as a supplementary overland export […]
By John Lee. Iraq has formed a special committee to oversee the Basra-Haditha multi-directional oil pipeline project, following a meeting chaired by Prime Minister Mohammed Shia' Al-Sudani. The committee will be headed by the Under-Secretary of the Ministry of Oil and will include relevant advisers to the Prime Minister as well as directors-general from the […]
By John Lee. A proposed pipeline linking southern Iraq's oil fields to the Turkish port of Ceyhan on the Mediterranean has re-emerged as a strategic option for diversifying Iraq's export routes, according to analysis published by the Centre for Trade and Economic Studies (TREC). The proposal has gained renewed attention following remarks by the Executive […]
