The latest breaking and best in-depth news and information from Iraq, oil, politics, security, economics and society.

Energy Rumaila still reeling after large fire. 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.

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.

Jan 15, 2025 · 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 ...

Jul 18, 2020 · This Week in Iraq is a free, weekly e-mail newsletter curated by the editors of Iraq Oil Report — your one-stop source for all of the most important news on Iraq's energy sector, political developments, security dynamics, and investment climate.

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.

Jan 7, 2025 · Iraqi oil exports fell slightly in December — to 3.259 million barrels per day (bpd), according to Oil Ministry data — capping an OPEC-constrained year in which the country’s oil sales hit their lowest annual average since 2015.

Jan 31, 2024 · Iraq's oil production held steady at 4.63 million barrels per day (bpd) in December to bring the country's annual average for 2023 up to 4.60 million bpd, according to an Iraq Oil Report analysis based on field-by-field data gathered on a monthly basis.

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 ...

Aug 21, 2023 · Iraq’s nationwide crude production and exports increased in July from the prior month, as fields controlled by the Kurdistan Regional Government (KRG) saw incremental gains despite the ongoing shutdown of the northern export pipeline.