The latest news on Iraq Oil Exports – crude oil, oil pipelines and more – brought to you by Iraq Business News
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 […]
By John Lee. Iraqi Parliament Speaker al-Halbousi has concluded an official visit to Jordan, during which discussions focused on strengthening bilateral cooperation in energy, trade, investment and transport. Al-Halbousi met with King Abdullah II, Jordanian House of Representatives Speaker Mazen al-Qadi, Prime Minister Dr Jafar Hassan, and Senate President Faisal al-Fayez. Talks with al-Fayez at […]
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 […]
By John Lee. Iraq's cabinet has approved a plan to significantly increase crude oil exports, including through a new route via Syrian Mediterranean ports, according to the Ministry of Oil. The cabinet, chaired by Prime Minister Ali al-Zaidi, endorsed recommendations from a meeting held on 20th May between the prime minister and senior Ministry 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 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. Iraq's Oil Collapse Sparks Race for New Export Routes April was indeed the cruellest month for decades for Iraq's crude oil production, with an average of 1.389 million barrels per day […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for April 2026. Revenue of just over $1 billion was significantly down on pre-war levels, which were typically between $6-7 billion. Total exports of crude oil (including condensates): 9,884,130 barrels. Exports of Basra oil amounted to 4,587,610 barrels. Exports from the Kurdistan […]
By John Lee. Iraq's State Oil Marketing Organization (SOMO) reports that it has successfully marketed and exported sulphur to global markets, with the current average price reaching around $755 per tonne. The company says the achievement reflects flexible marketing policies based on close analysis of global market conditions and sulphur demand. All available quantities from […]
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. According to Iran's Tasnim news agency, an oil tanker named Agios Fanourios I crossed the Strait of Hormuz on Sunday, following a route designated by Iranian authorities and after coordinating with Tehran. The Malta-flagged vessel, which is carrying Iraqi crude oil, is now in the Gulf of Oman and heading for the […]
By John Lee. The US Treasury Department's Office of Foreign Assets Control (OFAC) has designated Iraq's Deputy Minister of Oil, Ali Maarij Al-Bahadly, along with several other individuals and businesses, as part of a sanctions action targeting what it describes as the exploitation of Iraq's oil sector to benefit Iran and Iran-aligned militias. The Treasury said […]
By John Lee. A delegation from Iraq's Ministry of Oil, led by the Director-General of North Oil Company (NOC), Amer Khalil Ahmed, has visited the Iraqi Embassy in Damascus, where it met with the chargé d'affaires. The visit was focused on prospects for co-operation with the Syrian side regarding the reactivation of the Iraq-Syria oil […]
