Iran's loss of influence in Lebanon and Syria has helped to spark a shift in attitude among Arab leaders.

ERBIL – Iraq’s oil production has dropped by 300,000 barrels per day following a fire at the Rumaila oil field in Basra Governorate, a key site responsible for nearly 40% of the country’s total output ...

Oil prices have remained relatively rangebound following Trump's first week in office despite a significant amount of media ...

Meanwhile, production at Iraq's giant Rumaila oil field remains reduced by ~300K bbl/day after a fire last week, partly offset by rising output in Kazakhstan, which reported record production of ...

State-run Basra Oil ... run Iraq News Agency (INA) reported, citing General Manager Basem Abdul Karim. Production at Nahr Bin Omar will rise to 300,000 barrels per day (bpd) from the current 45,000 ...

ERBIL, Kurdistan Region - Iraq has deployed ... to explore oil and gas. China’s Geo-Jade Petroleum has signed an agreement to explore oil and gas in the Naft Khana oil field in Khanaqin district ...

ERBIL, Kurdistan Region - Iraq sits atop vast oil reserves but fails to fully exploit them, a former oil minister said Wednesday, criticizing the country’s energy policies and OPEC-imposed ...

Projects awarded by Iraq to France’s TotalEnergies and other foreign companies over the past months will boost its oil production capacity to 7 million barrels per day (bpd) within five years, an ...

A flare burns at the Taq Taq oil field in 2016. (STAFF/Iraq Oil Report) ERBIL/SULAIMANIYA - London-listed Genel Energy is exiting the Taq Taq oil field in the Kurdistan region, ending the company's ...

Baghdad (IraqiNews.com) – In an attempt to improve its financial resources and add value to its most significant revenue streams, Iraq aims to turn 40 percent of its oil output into ...

Oil prices will decrease as Trump planned, and oil revenues for oil-exporting countries will decline. "However, the greatest harm will be to Iraq. Although its production will increase by ...

He said work on both fields could continue while the new information was gathered but no oil and gas could be extracted unless fresh approval was granted. Shell's Jackdaw gas field in the North ...