Iraq ends 2024 with deep production cuts - Iraq Oil Report
3 days 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 ...
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.
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 ...
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 ...
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.
Iraqi oil output declining from recent highs - Iraq Oil Report
Apr 24, 2023 · Iraq’s nationwide crude oil production has dipped over the past two months to just over 4.6 million barrels per day (bpd), a reduction of about 150,000 bpd from January.
Iraq crude oil production up in July as KRG oil trickles back online
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.
Iraq delivers steady oil production in 2023 despite turbulence
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.
Iraq rakes in record $115.7 billion in 2022 oil revenue
Jan 16, 2023 · Iraq's federal government earned record revenues of $115.657 billion from oil sales in 2022, some $40 billion above 2021 earnings as the gradual easing of OPEC-plus quota restrictions coincided with near-record global oil prices caused by the war in Ukraine.