Iraq Oil Report

Iraq Oil Report stands out as the top source for business, political, and security news and insights about Iraq. Our team of analysts and journalists, based in Iraq, delivers the latest updates on ongoing and upcoming events in the nation. With extensive experience in the region, our team is familiar with the key decision-makers and policy shapers in Iraq. We collaborate closely with influential figures from the oil and energy ministries, along with other government officials and business leaders, granting us exceptional access to vital information regarding the country's key industries.

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April production drops as Iraq trims from Basra

2 days ago | iraqoilreport.com | Ben Van Heuvelen

Workers with the state-run Iraqi Drilling Company operate a drilling rig at the East Baghdad field in April 2025. (Photo credit: Oil Ministry) Iraq's oil production fell by about 90,000 barrels per day (bpd) in April as the Oil Ministry cut production from state-operated fields in Basra.
Q&A: Hassan Mohammed Hassan, director general of the Iraqi Drilling Company

1 week ago | iraqoilreport.com | Ben Van Heuvelen

Hassan Mohammed Hassan, director general of the Iraqi Drilling Company. (Photo credit: IDC) After decades working his way up through the state-run Basra Oil Company and its predecessor, the South Oil Company, Hassan Mohammed Hassan has become the acting director general of the Oil Ministry’s Iraqi Drilling Company (IDC).
Iraq oil exports decrease in April

1 week ago | iraqoilreport.com | Ben Van Heuvelen

Tankers dock at the al-Basra Oil Terminal. (BEN LANDO/Iraq Oil Report) Iraq's oil exports averaged 3.360 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 prices. April’s oil sales brought in about $6.66 billion, according to an Iraq Oil Report estimate based on the Oil Ministry’s published pricing formulas and global benchmark prices.
BP deal aims to revamp Kirkuk energy sector

2 weeks ago | iraqoilreport.com | Ben Van Heuvelen

Iraqi Prime Minister Mohammed Shia al-Sudani (standing, center), BP CEO Murray Auchincloss (standing, left), and Oil Minister Hayyan Abdulghan (standing, right) oversee the signing of a deal for BP to rehabilitate Kirkuk oil fields and build gas processing and power generation infrastructure at a ceremony in Baghdad on March 26, 2025.
March production rises on Rumaila recovery

2 weeks ago | iraqoilreport.com | Ben Van Heuvelen

Workers from the state-run Iraqi Drilling Company work on a drilling rig at the East Baghdad oil field in April 2025. (Photo credit: Oil Ministry) Iraq’s oil production increased significantly in March as the country’s most prolific field rebounded from a string of mishaps that had hampered output.
Iraq terminates Akkas contract, drawing legal threats

3 weeks ago | iraqoilreport.com | Ben Van Heuvelen

Personnel from the Ukrainian company Ukrzemresurs pose in front of the Akk-1 well at the Akkas gas field after completing emergency maintenance work in the first quarter of 2025. (Photo credit: Ukrzemresurs) The Iraqi government is terminating its contract with the Ukranian company Ukrzemresurs to develop the Akkas gas field, drawing threats of a legal fight over the embattled project less than a year after the deal was signed.
Strategic water project makes progress, helped by Chinese financing

1 month ago | iraqoilreport.com | Ben Van Heuvelen |Ali al-Aqily

Flares burn at the Rumaila oil field on June 6, 2020. To fight natural reservoir decline and achieve its production potential, the field needs increasing supplies of water. (JASSIM AL-JABIRI/Iraq Oil Report) BASRA - Iraq is drawing on a multi-billion-dollar Chinese financing program to fund the construction of a network of pipelines that could help transform southern Iraq’s oil sector by supplying water needed to boost crude production.
Q&A: Adnan al-Jaberi, deputy chairman of the Parliament Oil and Gas Committee

1 month ago | iraqoilreport.com | Ben Van Heuvelen

Adnan al-Jaberi, an independent MP from Basra and member of the Parliament Oil and Gas Committee, in April 2025. (JASSIM AL-JABIRI/Iraq Oil Report) BASRA - The Parliament Oil and Gas Committee has clear legislative priorities, but they are not likely to advance this year as the Parliament session winds down ahead of upcoming elections, according to Adnan al-Jaberi, an independent MP from Basra and the deputy chairman of the Oil and Gas Committee.
Iraqi crude exports fall in March

1 month ago | iraqoilreport.com | Ben Van Heuvelen

A tanker at the al-Basra Oil Terminal loads crude at night on Feb. 21, 2010. (BEN LANDO/Iraq Oil Report) Iraqi oil exports fell in March, averaging 3.296 million barrels per day (bpd), down from 3.398 million bpd in February, according to Oil Ministry data.
Kurdistan crude export deadlock persists

1 month ago | iraqoilreport.com | Ben Van Heuvelen

Iraqi Prime Minsiter Mohammed Shia al-Sudani (center) and Oil Minister Hayyan Abdulghani (left) visit a project to install a gas pipeline to feed the Bismayah power station on April 3, 2025.