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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Iraq signs another major integrated energy deal

2 weeks ago | iraqoilreport.com | Ben Van Heuvelen

Oil Minister Hayyan Abdulghani (second from right), BOC Director General Bassim Abdul Karim (far right) and representatives of Geo-Jade and Hilal al-Basra attend a signing ceremony for the South Basra Integrated Project on May 21, 2025.
Q&A: Farhan al-Fartousi, director general of the General Company for Ports of Iraq

2 weeks ago | iraqoilreport.com | Ben Van Heuvelen

Farhan al-Fartousi, director general of the General Company for Ports of Iraq, at the company's headquarters at Al-Maqal port in May 2025. (ALI AL-AQILY/Iraq Oil Report) AL-MAQAL PORT, BASRA - Among the many important roles it plays in Iraq’s energy sector, the General Company for Ports of Iraq (GCPI) is at the center of a fast-track project to import liquefied natural gas by ship in time for the summer season of high electricity demand.
New KRG gas deals draw condemnation from Baghdad

2 weeks ago | iraqoilreport.com | Ben Van Heuvelen

Iraqi Prime Minister Mohammed Shia al-Sudani (right) and KRG Prime Minister Masrour Barzani (left) speak at a ceremony for the signing of a framework deal to restart Iraq's northern exports in Baghdad on April 4, 2023.
April production drops as Iraq trims from Basra

3 weeks 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

4 weeks 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 month 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

1 month 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

1 month 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

1 month 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.