DNO says increasing drilling in Duhok, targets 100,000 barrels per day

“Two rigs, the “DQE-51” and the DNO-owned “Sindy”, have been mobilized to drill eight wells on the license through 2026 as the Company targets a 25 percent increase in gross operated production to 100,000 barrels of oil per day,” DNO said in a statement. 

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Iraq invites US companies to manage massive Russian-operated oilfield

“The transfer of the management of the West Qurna 2 field to one of the American oil companies will serve common interests, enhance the stability of global markets, and ensure the continuity of Iraqi oil production operations and its market share, as well as the sustainability of the state's resources,” the oil ministry said in a statement. 

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Syria inks oil MoU with US energy companies

US firms ConocoPhillips and Novaterra will cooperate with Damascus in a bid to achieve “significant economic returns and support recovery and development plans in Syria,” according to the Syrian energy ministry.

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Iraq to save $5 billion annually after oil import halt: Advisor

"This direction represents an unprecedented industrial leap in the history of modern Iraq, achieved for the first time in two decades," Mazhar Mohammed Salih, the financial advisor to the Iraqi prime minister, said.

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Iraq announces self-sufficiency in oil derivatives

In a statement, Sudani’s office declared that Iraq’s “domestic production of petrol, diesel, and kerosene has reached levels exceeding domestic consumption rates," directing the oil ministry to "cease the imports of these products."

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US sanctions will not stop Russian oil investments in Iraq, Kurdistan: Source

A well-informed source told The New Region that Russian companies Lukoil and Rosneft will continue their oil work in Iraq and the Kurdistan Region despite new US sanctions.

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Iraq, US company sign contract for floating gas terminal

"This project represents a decisive step toward achieving Iraq's energy independence from Iran, which will enhance Iraq's sovereignty and create prosperity for both countries," the US Embassy in Baghdad said in relation to the agreement.

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US slaps major sanctions on Russian oil companies

“Given President Putin’s refusal to end this senseless war, Treasury is sanctioning Russia’s two largest oil companies that fund the Kremlin’s war machine,” Treasury Secretary Scott Bessent said in a statement.

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Iran appeals London court ruling greenlighting seizure of oil company building

A UK Court of Appeal has approved the confiscation of a National Iranian Oil Company building in London estimated to be valued at over $100 million.

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