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HomeIraq

Iraq

Crude Oil News

Iraq Remains Committed to OPEC+ Deal to Cap Oil Output at 4 Million Bpd

February 12, 2024 Stu Turley

OPEC’s second-largest producer, Iraq, is committed to its voluntary cut in the OPEC+ agreement and will produce no more than 4 million barrels per day (bpd) of crude oil, Iraq’s Oil Minister Hayan Abdel-Ghani said […]

Shadow fleet
Crude Oil News

Shadow fleet faces tricky path to the breaker’s torch

February 7, 2024 Stu Turley

With the numbers of the so-called shadow tanker fleet peaking 10 months ago, there’s now evidence that many of the oldest vessels are being primed for scrap, though getting a good demo price for these […]

Iraqi
Crude Oil News

Iraqi parliament calling to ditch US dollar for oil trade

February 2, 2024 Mariel Alumit

The Finance Committee in the Iraqi parliament made a statement on 31 January calling for the sale of oil in currencies other than the US dollar, aiming to counter US sanctions on the Iraqi banking system.  “The […]

Iraq
Crude Oil News

Iraq seen replacing Russia as India’s top source of crude

January 31, 2024 Mariel Alumit

India has pivoted back to Iraq for its crude oil supplies with Russian imports held up by the Red Sea shut-in as well as the threat of US sanctions. Data from Kpler shows India has […]

Vallourec
Crude Oil News

Vallourec to support TotalEnergies’ multi-energy project in Iraq

January 19, 2024 Mariel Alumit

(WO) – Vallourec, a global provider premium tubular solutions, has signed a contract with TotalEnergies for the supply of casing and tubing and associated accessories for the first phase of the Gas Growth Integrated Project […]

China
Crude Oil News

China Replaces Western Energy Firms in Iraq’s Supergiant Oil Field

January 9, 2024 Mariel Alumit

West Qurna 1, holding over 20 billion barrels of reserves, is a key asset in Iraq’s oil industry, with PetroChina now leading its development. ExxonMobil’s withdrawal from the Common Seawater Supply Project and other Iraqi […]

Oil
Crude Oil News

These Were The Top 5 Oil Producers Of 2023

January 8, 2024 Mariel Alumit

Defying earlier expectations of slowing growth, U.S. crude oil production has surged this year to extend America’s lead at the top of the ranking of the world’s biggest oil producers. In September, U.S. oil output […]

Zero Edge

New Rocket Attacks In Iraq, Syria, Lebanon, Yemen Suggest Prospect For Regional Conflagration Growing

October 20, 2023 Mariel Alumit

Update(1735ET): Israeli media is reporting that the United States is currently in talks to establish ‘safe zones’ in Gaza after it was widely reported that the IDF has been given the green light by the Netanyahu […]

Aljazeera International

Iraq’s Water Wars – Part 2

September 27, 2023 Mariel Alumit

Iraq is running out of water. It is the fifth most vulnerable nation to the impacts of climate change, according to the United Nations. Temperatures have risen by more than 2.5 degrees Celsius (4.5 degrees […]

Aljazeera International

Airport in Iraq’s Kurdish region hit by deadly drone attack

September 18, 2023 Mariel Alumit

At least six people have been killed in a suspected drone attack on an airport near the city of Sulaymaniyah in the semi-autonomous Kurdish region in northern Iraq, official sources have told Al Jazeera. Al […]

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