Iraq
Baghdad asks for a formal oil deal with KRG
BAGHDAD: Iraq’s resumption last week of oil shipments through a Kurdish-controlled pipeline bumped up its export capacity by 5 percent...
Iraq asks oil companies to get used to with low prices
BAGHDAD: Iraqi government asks international oil companies to get used to with low oil prices. Iraq’s oil minister Jabbar...
Iran resumes electricity export to Iraq
TEHRAN: Iran resumed exporting electric power to Iraq after it had been halted for more than two months, the Iraqi...
UK approves US$12b loan to Iraq
BAGHDAD: The United Kingdom approved Sunday a US$ 12 billion loan to Iraq to finance important infrastructure projects, Reuters quoted...
Iraq can produce 5m barrels a day in second half of 2017: Oil minister
BAGHDAD: OPEC Secretary General Mohammed Barkindo says that Iraq will be able to produce 5 million barrels of oil a...
Oil edges up after Iraq urges extension of OPEC cuts
BAGHDAD: Oil prices reversed course on Monday, edging up after Iraq's oil minister said OPEC would likely need to extend...
Iraqi Kirkuk oil exports at risk as Kurds seize pump station
BAGHDAD: Iraqi oil shipments of about 105,000 barrels a day were halted briefly on Thursday after Kurdish troops seized control...
Iraq’s Kurdistan negotiates $3b oil pre-payment deals
BAGHDAD: Iraq’s Kurdistan has agreed new deals to borrow $3 billion from trading houses and Russian state oil firm Rosneft...
OPEC compliance with oil curbs rises to 94% in Feb
BAGHDAD: OPEC has cut its oil output for a second month in February, a Reuters survey found on Tuesday, allowing...
Jordan, Iraq discuss exempting certain exports from customs duties
BAGHDAD: Jordanian and Iraqi officials on Monday opened a discussion on prospects for exempting certain Iraq-bound Jordanian exports from custom...
Iraq’s foreign, domestic debts exceed US$100b
BAGHDAD: Iraq’s foreign and domestic debts have surpassed US$100 billion, the parliament’s finance committee has revealed, ruling out changes to...
PM adviser: Non-petroleum revenues at 7.5% in 2017 budget
BAGHDAD: Iraq’ 2017 budget achieves a revenue rate of 7.5% from non-petroleum resources, a government adviser has said, labeling the...
Iraq announces new oil find, projects 1000 cm of production boost
BAGHDAD: Iraq announced on Wednesday a new major oil reserve discovery that could add a daily production surge of 1000...
Japan approves $100m loan for Iraq
BAGHDAD: Japan has approved a loan of about $100 million to support humanitarian, counter-terrorism and infrastructure projects in Iraq, a...
Iraq’s foreign reserves down to US$49b
BAGHDAD: Iraq’s foreign currency reserves recorded a drop to US$49 billion, a decline triggered by falling world oil prices, according...
Iraq wants to resume land route trade relations with Egypt
CAIRO: Iraq wants to resume trade relations with Egypt by reopening an overland route which connects the two countries via...
Iraq’s crude oil exports rises in H1 of February
BAGHDAD: Iraqi crude shipments rose 3 percent in the first half of February even after OPEC’s second-biggest producer agreed to...
Egyptian delegation to visit Iraq this month to finalize crude oil deal
CAIRO: Egypt is nearing a deal to import crude oil from Iraq and is looking to other countries to help...
Iraq to issue $1b bond by March 2017
BAGHDAD: In January Iraq successfully closed a $1 billion issuance guaranteed by the USA. Sources told that a second tranche...
Iraq to cut March Basra oil exports to lowest since August
BAGHDAD: Iraq, OPEC's second-largest producer, plans to cut crude exports from its southern port of Basra to 3.013 million barrels...
