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. Iraq's Cabinet of Ministers has approved a set of measures to reform crude oil pricing and reduce fuel subsidies, effective from 1 September 2026. Under the approved measures: Crude oil purchases will be priced at either the State Oil Marketing Organization (SOMO) rate or the price stipulated in the general budget, whichever […]
By John Lee. Iraq's Ministry of Oil is planning a strategic overhaul of the Iraqi Oil Tanker Company (IOTC), including partnerships with tanker-owning firms, deferred-payment purchases, and leasing arrangements to expand the fleet. The ministry's aim is to acquire large modern vessels with a capacity of up to two million barrels, better suited to the […]
By John Lee. Maysan [Missan] Oil Company (MOC) has marketed a 440-tonne shipment of sulphur produced at the central gas processing plant (GPP) at the Halfaya oil field, in preparation for export to international markets. According to the state-run Iraqi News Agency (INA), the shipment was transferred through a local intermediary to State Oil Marketing […]
By John Lee. Iraq's Ministry of Oil is reportedly planning a new pipeline system to transport and export crude oil via two northern routes: Basra-Haditha-Fishkhabur and Haditha-Baniyas. According to the state-run Iraqi News Agency (INA), the project is intended to diversify export routes and reduce dependence on the main southern export terminal. A meeting to […]
By John Lee. Iraq has signed an agreement with Turkey for the transport and loading of Iraqi crude oil via the Iraq-Turkey Pipeline (ITP) to the Turkish port of Ceyhan. The agreement was signed under the auspices of Minister of Oil Basim Muhammad Khudhair al-Abadi, with Turkey's Minister of Energy and Natural Resources also in […]
By Umud Shokri, for the Middle East Forum. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. What Does Iraq's $1.47 Billion Arbitration Victory over Turkey Mean for the Future? The Paris Court of Appeal has strengthened Iraq in its long-standing case with Turkey. Turkey […]
By John Lee. A planned oil pipeline linking Haditha in Iraq to Baniyas on the Syrian coast is intended to serve as a strategic export route to European markets, according to the Syrian Petroleum Company (SPC). The project is expected to take between two and two-and-a-half years to complete. Safwan al-Sheikh Ahmad, Director of Communications […]
By John Lee. Iraq's ministers of electricity and oil held a joint meeting in Washington with the US Deputy Secretary of Energy to discuss expanding power generation capacity and securing diversified fuel supplies. According to the Ministry of Electricity, the meeting brought together Minister Ali Saad Wahib, Minister of Oil Basim Muhammad Khudhair al-Abadi, and […]
By John Lee. Iraq's Minister of Oil, Basim Muhammad Khudhair al-Abadi, has met with a delegation from US oil major Chevron to discuss expanding cooperation and investment in the oil and gas sector. According to the Ministry of Oil, the talks covered opportunities to support the ministry's plans to increase production, develop infrastructure, and leverage […]
By Yaqoub Yousif Al-Khudhur, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Restructuring and Change of Ownership as a Prerequisite for Expanding the Iraqi Oil Tankers Company: An Analytical Feasibility Study Since Iran began closing the […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq forms committee to renew Kirkuk-Ceyhan oil pipeline agreement Iraq has established a high-level committee to prepare a new draft agreement on the Kirkuk-Ceyhan oil pipeline as the current deal expires in July. Salim […]
