A barrage of drone attacks in the past four days highlights rising security threats stemming from regional conflicts and ...

Iraqi oil production increased by about 50,000 barrels per day (bpd) in May, boosted by the continuing recovery of the ...

Production and exports have not suffered major interruptions so far, but exodus of foreign oil workers and border closures ...

Throughout most of 2024, nationwide crude output had been outpacing the production levels of the past two years despite Iraq's tighter quota commitments. But reductions in the final months of the year ...

Iraq's most prolific oil field temporarily lost about 120,000 bpd of production after 60 wells were taken offline in response to a storage tank fire. A fire burns at Degassing Station 5 off the ...

In a hearing that was closed to the press, the Commercial Court handed down rulings declaring that four of the KRG's oil contracts are invalid, according to a senior Oil Ministry official. Multiple ...

Alaa al-Yassiri, director general of SOMO, at his office in April 2022. (STAFF/Iraq Oil Report) Staff of Iraq Oil Report Monday, April 25th, 2022 ...

Hossam Hussein Wali, director general of the South Refineries Company, at his office in Basra in September 2024. (ALI AL-AQILY/Iraq Oil Report) Ali al-Aqily of Iraq Oil Report Monday, September 9th, ...

BASRA - Fuel shortages at Iraq's most prolific oil field caused production to drop by more than 250,000 barrels per day (bpd) at the end of 2024, highlighting the immense challenges of fighting ...

Exports averaged 3.372 million bpd in 2024, bringing in an estimated $96.08 billion, according to an Iraq Oil Report analysis of Oil Ministry data and its pricing formulas. In 2023, countrywide ...

Oil fields managed by the federal government averaged about 4.34 million bpd, down from 4.40 million bpd in January, according to an Iraq Oil Report analysis based on production data gathered ...

The first phase is now expected to be operational in 2028, according to multiple officials involved in the project. Five million barrels per day (bpd) of water taken from the Basra Gulf will be ...