Kirkuk’s oil – How big loss is it going to be for Iraq?

The political turmoil of Iraq is getting more complicated, following the event when Mosul fell into the hands of some parties beyond the government’s control, thus leading the Iraqi army to withdraw from Kirkuk and the peshmerga forces of the Kurdistan Regional Government (KRG) to take over — the KRG announced that Kirkuk, which used to be a disputed area between it and the cen

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Besieged Iraqi oil sector buoyed by southern expansion. By Ali Abu Iraq, Ben Lando and Staff of Iraq Oil Report *

While violence has taken Iraq's northern oil sector almost entirely offline, growing production and export capacity in the south is keeping Iraq afloat. RUMAILA - Iraq is on track for a strong month of oil sales, as southern fields increase output into revamped export infrastructure. The success of the southern oil sector to date has been essential, partly compensating for th

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Rumaila oilfield of Iraq hits 2 billion barrels production

Ministry of oil has praised the outstanding efforts of a consortium of BP, Petro China and Southern Oil Company (SOMO), for their success in attaining significant increase in the national crude oil production by working in the Rumaila oilfield of Basra province, Iraq. According to report, new production has hit a record amount of more than two billion barrels, exceeding the pr

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ISIS earning $1M per day from Iraqi oil smuggling. By By Mohammed Hussein, Christine van den Toorn, Patrick Osgood and Ben Lando

Hundreds of tankers wait to cross into Iran in one of several lots near the Parwezkhan border crossing in Diyala province, Nov 6, 2013. The fuel and oil trade has long been active. ()   TUZ KHURMATU - Since invading huge swaths of northern and central Iraq, the Islamic State of Iraq and al-Sham (ISIS) has been smuggling increasing amounts of crude scavenged from Iraq's s

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