Iraq

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Southern exports have been maxed out at 3.46mn b/d over the last six months, and the stress is taking its toll on aging infrastructure. The 12 May elections are set to delay efforts to redress the government’s dependency on the Basra chokepoint.

Iraq is struggling to keep up with refined products demand growth as the post-Islamic State economy seeks to rebound. A planned 70,000 b/d upgrade to the Basra refinery by end-2018 would be a major boon.

Iraq has abandoned the rational approach it temporarily adopted in February regarding this year’s bid round. Abdul Mahdy al-Ameedi, head...

Shell has received regulatory approval for the sale of its 19.6% stake in the ExxonMobil-operated 450,000 b/d West Qurna-1 to...

Despite ongoing Erbil/Baghdad uncertainty, IOCs are advancing investments.

Iraqi sales gas output hit a new record in Jan; fuel oil supplies are rallying as damaged refineries are repaired. Both are key factors behind a drop in direct crude burning.

Baghdad’s 2018 budget is in trouble, as Iraqi President Fuad Masum and the International Monetary Fund (IMF) expressed apprehensions this...

As the second US shale revolution continues to gather pace, prospects for Opec being able to unwind its supply cuts...