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 Minister of Oil, Hayan Abdul Ghani, has reportedly announced that the country will resume crude oil exports through the Ceyhan pipeline to Turkiye either today (Wednesday) or tomorrow. Speaking during the inauguration of several oil station development and rehabilitation projects in Kirkuk, the Minister confirmed an initial export volume of 80,000 […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for June. Total exports of crude oil: 98,882,613 barrels. Exports from the oil fields in central and southern Iraq amounted to 97,718,994 barrels. Exports to Jordan amounted to 216,878 barrels. Exports from Qayyarah were 946,741 barrels. Average daily crude oil exports: approximately […]
By John Lee. The Ministry of Planning has hosted a consultative session on the "Journey of the Dollar in the Iraqi Economy: Between Monetary Policy and the Market." Organised by the Department of Economic and Financial Policies, the session brought together department heads and staff to analyse the sources, flows, and impact of foreign currency-primarily […]
By John Lee. The Government of Turkiye has officially announced the termination of the long-standing Iraq-Turkey Crude Oil Pipeline Agreements, effective 27 July 2026, by Cabinet Decision No. 10113. The termination applies to the following agreements and related documents: The Crude Oil Pipeline Agreement dated 27 August 1973, approved by Cabinet Decision No. 7/9843 of […]
By John Lee. The Iraqi Cabinet, headed by Prime Minister Mohammed Shia Al-Sudani, held an emergency session on Thursday and issued a series of binding decisions regarding oil production and financial coordination with the Kurdistan Regional Government (KRG). In a major development, the Cabinet approved the immediate transfer of all oil produced in the Kurdistan […]
By John Lee. The Association of the Petroleum Industry of Kurdistan (APIKUR) has welcomed it described as renewed and intensified negotiations between the Kurdistan Regional Government (KRG) and the Government of Iraq (GoI) aimed at resuming oil exports via the Iraq-Türkiye Pipeline (ITP). The statement follows a high-level meeting held on 12th July 2025 between […]
By John Lee. The Ministry of Trade has confirmed that Iraq's oil exports to the United States will not be affected by the newly announced 30-percent U.S. tariff, which was introduced by President Donald Trump to address the trade deficit with Iraq. Trade Ministry spokesperson Mohammed Hanoun said that oil exports are exempt from the […]
By Alexander Miller, for Eurasia Business News. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Russia eyes new oil deals in Iraq Russia is actively expanding its oil interests in Iraq, capitalizing on opportunities created by Baghdad's need to modernize its hydrocarbon sector and […]
By Dana Taib Menmy for The New Arab. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Is the revival of the Iraq-Lebanon oil link just a pipe dream? The proposal has been raised multiple times over the past few years in talks between successive […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for May. Total exports of crude oil: 101,630,925 barrels. Exports from the oil fields in central and southern Iraq amounted to 100,365,335 barrels. Exports to Jordan amounted to 309,906 barrels. Exports from Qayyarah were 955,684 barrels. Average daily crude oil exports: 3.278 […]
By John Lee. Gulf Keystone Petroleum (LSE: GKP) provided an operational and corporate update ahead of its AGM on Friday, reaffirming its 2025 production and financial guidance despite regional uncertainties. CEO Jon Harris reported strong performance so far this year, with gross average production of approximately 44,900 barrels of oil per day (bopd) supported by […]
By John Lee. Iraq's Deputy Prime Minister and Foreign Minister, Fuad Hussein (pictured), has cautioned that the continuation of Israeli and Iranian military operations may lead to the closure of the Strait of Hormuz, which could result in the loss of up to five million barrels per day of oil exports from the Gulf and […]
