KRG ready to swap oil quota for subsidized fuel from Baghdad: Ministry

Earlier in August, Iraqi Oil Minister Basim Mohammed Khudair said that Baghdad is ready to provide necessary gasoline in exchange for the KRG’s handover of 50,000 barrels of oil designated for domestic use.

News

Iraqi oil ministry says no plans to leave OPEC

Iraq’s oil ministry said Friday that Prime Minister Ali al-Zaidi has not raised the issue of leaving OPEC, dismissing speculation that Baghdad plans to exit the group.

News

Iraqi oil ministry rejects US accusations of deputy minister financing pro-Iran groups

The ministry announced its preparedness to support "any fair investigation into the allegations."

News

Iraq to up LPG production to four million tons by next year: Ministry

Current LPG production in Iraq has reached three million tons annually, with plans to increase that number to four million next year, the oil ministry said

News

Iraq pockets nearly $7 billion in September oil revenues

“According to the final statistics issued by the Iraqi State Organization for Marketing of Oil (SOMO), the quantity of crude oil exports, including condensates, reached [102,150,362] barrels” in September, the ministry said in a statement. 

News

Iraq, BP activate contracts to develop four Kirkuk oil fields

Initial production has been set at 328,000 barrels per day, with plans to increase output beyond that level, Ghani said at the signing ceremony according to a statement from the ministry.

News

KRG denies Iraqi oil ministry accusations

The statement said that the Region has sent “more than 11 million barrels of oil” to the federal government over a period “exceeding five months,” adding that the Iraqi side has not sent the Kurdistan Region “a single dinar in exchange,” deeming it a “clear violation” of Baghdad’s financial obligations and agreements signed between the two sides.

News

Iraqi oil ministry urges Erbil to 'hand over oil,' alleges smuggling

A statement from Iraq's oil ministry said that the Kurdistan Region's "failure to deliver oil causes significant financial losses to Iraq and jeopardizes Iraq's international reputation," adding that Baghdad holds the Kurdistan Regional Government "fully legally responsible" for oil smuggling.

News

KRG defends US energy deals following Baghdad objection

Both HKN Energy and WesternZagros have been operating in the Kurdistan Region for over 15 years

News