The latest news on Iraq Oil Production – oil companies, oil output and more – brought to you by Iraq Business News
By John Lee. HKN Energy has confirmed an explosion occurred early on Tuesday morning at one of its production facilities in the Sarsang field, located in the Kurdistan Region of Iraq. The incident took place at approximately 7:00 AM local time on 15 July 2025. According to the company, all personnel have been safely accounted […]
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 eight OPEC+ countries, including Iraq, have reaffirmed their coordinated approach to oil market stability and announced a collective production adjustment for August 2025. In a virtual meeting held on 5 July, the group cited healthy market fundamentals and a stable global economic outlook as the basis for a 548,000 barrels per […]
By John Lee. The Dhi Qar Oil Company (DQOC) has launched a comprehensive production plan to develop three key oil fields in Iraq's Dhi Qar province: Nasiriyah, Saba [Subba], and Garraf [Gharraf]. General Manager Sa'id Zgair Shalaka told the state-run Iraqi News Agency (INA) that the company has increased output from the Nasiriyah and Subba […]
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 […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Will end to pipeline feud revive flow of Iraqi oil to Israel? After a glimpse of progress, Baghdad's spat with the Kurdistan Regional Government (KRG) over the future of the Iraq-Turkey Pipeline […]
By Nicholas Oakes, for the International Policy Digest. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. From Pipeline to Policy: Iraq's Quiet Return to Global Energy Relevance Recent deals with China, India, and France point to a strategic effort to diversify trade partnerships, hedging […]
By Ahmed Tabaqchali, Chief Strategist of Asia Frontier Capital (AFC) Iraq Fund, for the London School of Economics (LSE) Middle East Centre. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Catch 16: The Issue Bedevilling the Resumption of Crude Exports through the Iraq-Türkiye Pipeline […]
By John Lee. Iraq's federal Ministry of Oil and the Kurdistan Regional Government (KRG) have issued competing statements over the longstanding dispute regarding oil production and revenue sharing, highlighting the continued impasse that has cost the country billions of dollars in lost exports. Federal Government Position The federal Ministry of Oil in Baghdad has demanded […]
By John Lee. The Iraqi Ministry of Oil has announced that crude oil production at the Nasiriyah and Saba [Subba] fields has been raised to a combined total of 100,000 barrels per day (bpd), as part of the first phase of a broader integrated development plan. Saeed Zghair Shallagha, Director General of Dhi Qar Oil […]
By John Lee. Dhi Qar Oil Company (DQOC) has signed a Heads of Agreement (HOA) with a consortium comprising KBR (USA), Dragon Oil (UAE), and Al Hurra International to develop the Abu Amoud and Saba [Subba] oilfields in Dhi Qar Governorate. The project will be undertaken as an integrated investment venture. The signing ceremony took […]
By John Lee. Iraq's Ministry of Oil has signed a major contract for the South Basra Integrated Project with a consortium comprising China's Geo-Jade Petroleum and Iraq's Crescent Basra (Hilal Al-Basra). The agreement, signed on Wednesday marks the Ministry's first adoption of a fully integrated project model. Oil Minister Hayan Abdul Ghani described the deal […]
