By John Lee. Seven OPEC+ member countries have agreed to maintain their September 2026 production levels for December 2026. The group met virtually on Saturday to review global market conditions, with Iraq's Oil Minister, Bassem Mohammed al-Abadi, in attendance. Full statement from OPEC: Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to […]
By Gökçe Nur Ataman, for The National Interest. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Courts US Oil Giants to Secure New Export Routes Chevron and ConocoPhillips are pursuing different paths into Iraq's oil sector, but the $60 billion in announced deals […]
By Noam Raydan, 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. Iraq's Energy Challenges Amid the Hormuz Crisis The recent rebound in crude exports is welcome but only partial, and officials have yet to find answers […]
By Nadim Kawach, 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. Turkey to Gain from Upcoming Oil Pact with Iraq Turkey will gain from an expected oil pact with Baghdad that replaces a decades-old deal governing Iraq's […]
By Francesca Washtell, 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. Iran's Blind Eye Helps Iraqi Oil Exports to Bounce Back Iraq has restored its oil exports to 70 percent of pre-war volumes after it increased shuttling […]
By Nadim Kawach, 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. Oil Squeeze Pushes Iraq Towards Toughest Budget in Decades Iraq faces its toughest budget challenge in more than two decades as a sharp fall in oil […]
By John Lee. Iraq's oil exports are running at around 3 million barrels per day (bpd) in September, with plans to increase pipeline export capacity through Syria and Turkey's Ceyhan port by more than 1 million bpd. Minister of Oil Basim Muhammad Khudhair al-Abadi told the state-run Iraqi News Agency (INA) that Iraq remains within […]
By Tsvetana Paraskova, for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Hikes Oil Exports via Hormuz in Boon for Asian Refiners OPEC's second-largest producer, Iraq, more than doubled its crude oil exports via the Strait of Hormuz in August as it […]
By Noam Raydan, for Seatrade Maritime. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Despite Pipeline Talks, Hormuz will Remain Key to Iraq's Oil Exports Amid the protracted crisis in the Strait of Hormuz, Iraq has been racing to find new outlets and […]
By John Lee. Iraqi Prime Minister Ali al-Zaidi has announced plans to distribute one million residential land plots to citizens, with the last plot to be allocated within three years. He made the comments on Friday during a session at the eighth Baghdad Dialogue Conference, organised by the Iraqi Institute for Dialogue. According to the […]
By John Lee. Seven OPEC+ member countries have agreed to implement a production adjustment of 188,000 barrels per day (bpd) from their additional voluntary cuts, effective September 2026. The decision was taken at a virtual meeting on Saturday, which was attended by Iraq's Ministry of Oil. The seven countries involved are Saudi Arabia, Russia, Iraq, […]
By Mustafa Saadoon, for Alhurra. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Exclusive: Iran War Has Cost Iraq $45 Billion Official sources said that collapsing oil exports and stalled development projects have inflicted massive losses on the country as Baghdad bets on deeper […]
