Energy - Iraq Oil Report
Energy Iraq, BP advance in Kirkuk contract talks. A long-sought deal is getting high-level political attention, and some officials expect to clinch an initial contract in January.
Iraq ends 2024 with deep production cuts - Iraq Oil Report
11 hours ago · Steep reduction at Rumaila brought Iraq's December production average to its lowest level in 18 months as Iraq continues to restrain output in an effort to meet OPEC-plus expectations. Personnel from the state-run Iraqi Drilling Company (IDC) operate a drilling rig at the Zubair oil field in Basra ...
Iraq, BP advance in Kirkuk contract talks - Iraq Oil Report
Jan 9, 2025 · KIRKUK - Iraq is making progress in negotiations with BP to develop several oil fields in Kirkuk, according to four senior Iraqi oil officials, who said they are aiming to finalize profit-sharing contracts as soon as this month. Prime Minister Mohammed Shia al-Sudani is expected to travel to England ...
Iraqi oil exports steady in October - Iraq Oil Report
Nov 6, 2024 · Iraqi oil exports held steady at just over 3.3 million barrels per day (bpd) in October, according to official Oil Ministry figures, as the government appeared to continue restraining output in response to pressure from OPEC-plus.
Iraqi oil output falls again in November - Iraq Oil Report
Dec 27, 2024 · 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 just 4.20 million barrels per day (bpd) in November, down from 4.28 million bpd in October, according ...
August production falls as Iraq initiates cuts - Iraq Oil Report
Sep 26, 2024 · August production falls as Iraq initiates cuts Renewed OPEC-plus pressure pushes Iraq to cut at least 100,000 bpd from state fields and accelerate maintenance plans at other projects in a bid to improve quota compliance.
Iraq's 2024 oil exports recede to 9-year low - Iraq Oil Report
Jan 7, 2025 · 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 (ABOT), one of Iraq's major export outlets, February 2010. (BEN LANDO/Iraq Oil Report) Iraqi oil ...
September oil production steady - Iraq Oil Report
Oct 18, 2023 · Iraq’s nationwide crude oil production maintained some upward momentum in September, inching up to 4.73 million barrels per day (bpd) from 4.71 million bpd in August, according to an Iraq Oil Report calculation based on field-by-field data. Fields controlled by the Kurdistan Regional Government (KRG) raised their combined output by about 50,000 bpd as producers found more buyers in the ...
Iraq production climbs higher in July - Iraq Oil Report
Aug 21, 2024 · Iraqi crude production increased by over 100,000 bpd for a second straight month in July as the Oil Ministry ramped up exports despite OPEC pressure to adhere to reduced quotas.
Iraq crude exports steady in March - Iraq Oil Report
Apr 4, 2024 · Iraq's oil exports held steady in March, averaging 3.423 million barrels per day (bpd) compared with 3.434 million bpd in February, according to Oil Ministry data* seen by Iraq Oil Report.. The ministry has not published revenue figures for the past two months, but an Iraq Oil Report analysis based on Iraq's historical pricing trends and international benchmarks shows that March crude sales ...