Iraqi oil ministry said that in the month of July, Iraq's oil exports increased to an average of 2.442 million barrels per day (bpd) from 2.423 in the previous month. The statement further added that shipments from the northern oilfields of Kirkuk are still suspended. The selling price for Iraq's crude is $102.8 per barrel and revenues of $7.8 billion have been generated in Jul
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Iraq's cabinet said on Tuesday it had approved a $607 million contract with China Petroleum Pipeline (CPP) for the construction of an oil storage depot near its Nassiriya oilfield in the south of the country. The oil ministry delayed last month an international tender for the development of the Nassiriya field and construction of an associated 300,000 barrel a day refinery. T
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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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Although ISIS has had experience in governing urban centers in Syria and Iraq before, the City of Mosul is the largest and most developed area now under ISIS control now. Download the PDF Source: Institute for the Study of Wars (ISW) http://www.understandingwar.org/backgrounder/iraq-situation-report-july-31-2014
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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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