Production at Iraq's largest field is still down by at least 120,000 bpd as repair crews contend with extensive damage from a Jan. 24 fire. Fire crews bring a fire under control at the Rumaila oil ...

BASRA - Iraq is pursuing a deal for Chevron to acquire Lukoil's stake in the West Qurna 2 oil field, as a deadline approaches for new U.S. sanctions to hit the Russian company. A delegation from ...

MAJNOON - To take full advantage of its oil sector, Iraq needs not only to boost capacity at fields but also to expand capacity of export infrastructure in the Basra Gulf. Basra Oil Company Director ...

UPDATE: This story has been updated to reflect the Oil Ministry’s revised official export figures for February. The original data showed 3.308 million bpd in federal exports, yielding an Iraq Oil ...

Conflict between the KDP and PUK has driven dysfunction in Erbil and weakened Kurdish influence in Baghdad as a new ...

Ammar al-Anbagi is being replaced as the director general of Iraq's oil marketing company, SOMO, just over a year after he assumed leadership of the state-run entity responsible for the country's ...

BASRA - Security forces in Basra are continuing to struggle with an array of challenges, including violence near oil fields between rival tribes, tensions with paramilitary groups, and a rise in mafia ...

Iraqi oil production continued a four-month slide, falling to its lowest level since June 2023 as the Oil Ministry tried to improve compliance with an OPEC-plus quota agreement. Federal output was ...

Iraq's oil exports averaged 3.365 million barrels per day (bpd) in April, according to preliminary Oil Ministry data — an apparent decrease compared to March. Revenues also fell due to weakening oil ...

OPEC-plus dynamics and the ongoing outage of Iraq's northern export pipeline continue to limit Iraqi oil exports, though revenues were steady year-on-year. A worker stands at the al-Basra Oil Terminal ...

There is no backup plan for operating the 480,000 bpd West Qurna-2 field, with some Iraqi officials worrying production might need to be cut within weeks. A ceremony at the West Qurna 2 oil field in ...

Cabinet taps state-run Midland Oil Company as operator for fast-track gas field development with help from SLB, but contentious ouster of Ukrzemresurs could spark litigation. Personnel from the ...