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 […]
By John Lee. Shares in Gulf Keystone Petroleum (LSE: GKP) closed up more than 2 percent on Friday after the company published an operational and corporate update. Full statement from GKP: 2026 AGM Operational & Corporate Update Ahead of today's 2026 Annual General Meeting ("AGM"), Gulf Keystone, a leading independent operator and producer in the Kurdistan […]
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 […]
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. DNO ASA, the Norwegian oil and gas operator, has issued its interim results for the 1st quarter of 2026. Regarding its operations in Iraqi Kurdistan, the company said: "Gross production from the DNO-operated Tawke license, containing the Tawke and Peshkabir fields averaged 52,800 boepd during the first quarter of 2026 (77,268 boepd […]
By John Lee. Genel Energy has issued its trading and operations update relating to Q1 2026: Full statement from Genel Energy: Trading and operations update Q1 2026 Genel Energy plc ('Genel' or 'the Company') issues the following trading and operations update relating to Q1 2026, ahead of the Company's Annual General Meeting, which is being […]
By John Lee. Iraq's Ministry of Oil has announced that exports via the Kirkuk-Fishkhabour-Turkey pipeline are expected to resume soon, initially with limited volumes. The Ministry said the pipeline, which has a total capacity of 1.6 million barrels per day (bpd), will be brought back into service following completion of hydrostatic testing. Saheb Al-Bazoun, spokesperson […]
By John Lee. DNO ASA, the Norwegian oil and gas operator, has provided an update on production, sales volumes and other selected information for the quarter. Regarding its operations in Iraqi Kurdistan, the company said: "Two wells drilled in December 2025 and January 2026 were brought on production in the Tawke field early in the […]
