The latest news on Iraq Oil Production – oil companies, oil output and more – brought to you by Iraq Business News
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 […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The American - Israeli War Against Iran, the Unprecedented Severe International Energy Crisis and Detrimental Impacts on Iraq On Friday evening, April 10th, the esteemed "Al-Mushtarak" platform graciously organized a debating event […]
By John Lee. Production and export operations at the Garraf [Gharraf] oil field in southern Iraq have been suspended following a force majeure declaration by the Iraqi government, according to Japan Petroleum Exploration (JAPEX). In a statement to the markets on Friday, the company said that there is currently no clear timeline for the resumption […]
By John Lee. OPEC has announced that eight OPEC+ countries will implement a production adjustment of 206,000 barrels per day in May 2026, as part of ongoing efforts to stabilise global oil markets. The decision was taken during a virtual meeting on 5 April involving Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman. […]
By John Lee. The Ministry of Oil has confirmed that crude oil extraction and production are continuing at approved levels under an emergency plan adopted by the Fuel Crisis Cell. The ministry said production of refined products and liquefied petroleum gas is sufficient to meet domestic demand, adding that distribution operations are proceeding smoothly across […]
By John Lee. Basra Oil Company (BOC) has reduced crude oil production from 3.3 million barrels per day to 900,000 barrels per day following the suspension of exports from southern ports. The reduction was confirmed during a meeting chaired by Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani Al-Sawad to […]
By John Lee. Genel Energy has issued its audited results for the year ended 31 December 2025. Full statement from Genel Energy: Audited results for the year ended 31 December 2025 Genel Energy plc ('Genel' or 'the Company') announces its audited results for the year ended 31 December 2025. Paul Weir, Chief Executive of Genel, […]
By John Lee. DNO has outlined the licence timelines and expected production outlook for its development and production assets in the Kurdistan Region of Iraq. In its recently-issued Annual Report for 2025, the company said the Tawke licence is due to expire in 2026, but includes an automatic five-year extension option that would extend the […]
By John Lee. DNO has confirmed that it has temporarily shut down production and drilling operations on the Tawke license in the Kurdistan region of Iraq, and evacuated its staff, as a result of the Iran-Israel-US war. In a statement contained in its Annual Report 2025, the company said it continues to monitor developments closely […]
By John Lee. The Iraqi Cabinet has authorised the Ministry of Oil to exercise the necessary powers to address a potential crisis in crude oil and petroleum product exports resulting from the closure of the Strait of Hormuz. The decision relates to anticipated disruptions to export operations and is intended to enable the Ministry to […]
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. How Chevron's New Deals Could Transform Iraq's Production Outlook The very recent signing of two sets of major oil deals by U.S. oil giant Chevron following the forced withdrawal of Russian […]
By John Lee. Iraq participated via video link in a meeting of OPEC+ countries to review global oil market conditions and the production outlook. The group agreed to modestly increase oil production starting April 2026, adding 206,000 barrels per day, as part of a gradual unwinding of earlier voluntary output cuts, citing stable economic conditions […]
