The latest news on Iraq Oil Production – oil companies, oil output and more – brought to you by Iraq Business News
By Ahmed Tabaqchali, for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Gas Flaring Paradoxes: Economic and Technical Obstacles Almost every year, since 2012, Iraq vies with […]
By John Lee. Norway's DNO ASA has announced a major scaling-up of operations in the Kurdistan Region after surpassing 500 million barrels of cumulative oil production from the Tawke licence, where it holds a 75 percent operating stake. Drilling will resume next week after a 2.5-year spending pause, beginning with a new production well in the […]
By John Lee. The Office of the Commander-in-Chief of the Armed Forces has confirmed the results of the investigation into the 26 November drone attack on the Khor Mor gas field in Sulaymaniyah. Chaired by the Minister of Interior and involving federal and Kurdistan Region security agencies, the committee reported that the attack was conducted […]
By John Lee. The International Energy Agency (IEA) has issued its flagship report, World Energy Outlook (WEO) 2025, emphasising: "In a volatile world, energy security takes centre stage. Pressing threats and longer term hazards are elevating energy to a core issue of economic and national security. Energy is at the heart of today's geopolitical tensions, […]
By John Lee. Genel Energy has issued a trading and operations update in respect of the third quarter and first nine months of 2025. Regarding the company's operations in Iraqi Kurdistan, it said: PRODUCTION: KURDISTAN TAWKE PSC (25% interest) Gross production levels are now back to around 80,000 bopd, consistent with the levels achieved in […]
By John Lee. DNO ASA has reported record revenue of USD 547 million and an operating profit of USD 222 million for the third quarter of 2025, both more than double the figures from the previous quarter. Regarding its operations in Iraqi Kurdistan, it reported that gross production at the Tawke licence, where it holds […]
By John Lee. Deputy Prime Minister for Energy Affairs and Minister of Oil, Engineer Hayan Abdul Ghani Al-Sawad, inaugurated on Sunday the OT2 and OT3 oil processing facilities at the West Qurna-1 field, with a combined capacity of 210,000 barrels per day. The Minister explained that the project includes the construction of two new crude […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Fragile accord sees resumption of oil exports from Iraqi Kurdistan Iraqi federal authorities and the Kurdistan Regional Government (KRG) are celebrating an agreement to resume oil exports via Turkey after a two-and-a-half year […]
By Noam Raydan and Soner Cagaptay, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. How Renewed Oil Flows from the ITP Could Benefit U.S.-Iraq-Turkey Relations The potential economic and strategic benefits of reopening the northern Iraqi […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq reveals plan to increase oil production to 5.5 million Iraq aims to increase its daily oil production from 4.4 million barrels to 5.5 million barrels by the end of this year, Oil Minister […]
By John Lee. The industry group representing international oil companies (IOCs) in Iraqi Kurdistan has clarified the payment mechanism for oil exported through the Iraq-Turkiye pipeline (ITP). In a statement on X on Wednesday evening, the Association of the Petroleum Industry of Kurdistan (APIKUR) said: "Info: The payment mechanism for oil exported through the Iraq-Türkiye […]
By John Lee. OPEC has said it has received updated compensation plans from several countries, including Iraq, to compensate for excess oil production. Full statement from OPEC: OPEC Secretariat receives updated compensation plans from Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, and Oman As agreed during the virtual meeting held by the eight countries […]
