The latest news on Iraq Oil Exports – crude oil, oil pipelines and more – brought to you by Iraq Business News
By John Lee. Iraq's oil exports are running at around 3 million barrels per day (bpd) in September, with plans to increase pipeline export capacity through Syria and Turkey's Ceyhan port by more than 1 million bpd. Minister of Oil Basim Muhammad Khudhair al-Abadi told the state-run Iraqi News Agency (INA) that Iraq remains within […]
By Nadim Kawach, 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 Drains $16bn from Reserves after Oil Revenues Slump Iraq's foreign-currency reserves fell by nearly $16 billion in four months this year as the government tapped […]
By John Lee. Iraq's Council of Ministers has approved an amendment to allow crude oil exports to Turkey of up to 33,000 barrels per day (bpd) as a first stage, in connection with a water framework agreement between the two countries. According to the Prime Minister's Office, the decision amends Council resolution 388 of 2026, […]
By John Lee. Iraq's fourth international oil, gas and licensing rounds conference has opened in Baghdad, with the Ministry of Oil outlining progress on exports, refining and infrastructure over the first 100 days of the new government. According to the Ministry of Oil, Minister Basim Muhammad Khudhair al-Abadi said oil exports had risen from around […]
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Oil Exports Recover to 60% of Pre-war Levels The market, as measured by the Rabee Securities U.S. Dollar Equity Index (RSISX USD Index), ended August down 2.4%, […]
By Tsvetana Paraskova, for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Hikes Oil Exports via Hormuz in Boon for Asian Refiners OPEC's second-largest producer, Iraq, more than doubled its crude oil exports via the Strait of Hormuz in August as it […]
By John Lee. A meeting has been held to review technical and economic details of two strategic crude oil export pipeline projects: the Basra-Haditha pipeline (extending to Fishkhabur) and the Haditha-Baniyas pipeline. Prime Minister Ali al-Zaidi chaired the meeting, which was attended by the Minister of Oil, senior ministry officials, the director of the Prime […]
By John Lee. Shares in Gulf Keystone Petroleum (LSE: GKP) are trading up around 10 percent this morning (Tuesday, 25th August) after the company published its 2026 half-year results. Full statement from GKP: 2026 Half Year Results Announcement Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, today announces its results […]
By Noam Raydan, for Seatrade Maritime. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Despite Pipeline Talks, Hormuz will Remain Key to Iraq's Oil Exports Amid the protracted crisis in the Strait of Hormuz, Iraq has been racing to find new outlets and […]
By John Lee. Iraqi Prime Minister Ali al-Zaidi has announced plans to distribute one million residential land plots to citizens, with the last plot to be allocated within three years. He made the comments on Friday during a session at the eighth Baghdad Dialogue Conference, organised by the Iraqi Institute for Dialogue. According to the […]
By John Lee. Iraq's Council of Ministers has approved new mechanisms for exporting Iraqi oil through specialist international and domestic companies via multiple outlets, under contracts of three months' duration beginning 1 September 2026. The Council also approved exceptional authorisations to expand export and import capacities. The Minister of Oil, Basim Muhammad Khudhair al-Abadi, has […]
By John Lee. Iraq's Cabinet of Ministers has approved a set of measures to reform crude oil pricing and reduce fuel subsidies, effective from 1 September 2026. Under the approved measures: Crude oil purchases will be priced at either the State Oil Marketing Organization (SOMO) rate or the price stipulated in the general budget, whichever […]
