Muhammad Ali Tamim, Iraq’s deputy prime minister and minister of planning, says the decision to raise production will be ...

By Editorial Iraq’s North Oil Co. (NOC) has recommenced production from 35 wells in the Kirkuk region as part of a strategic ...

Hopes for a resumption oil flows have been buoyed by the Iraqi parliament’s approval last week of a budget amendment.

The failure to implement the CSSP, critical for water injection and sustaining production, has stalled Iraq’s oil expansion.

Russia, Iraq and Kazakhstan faced exceeding production limits and promised to compensate for overproduction by the end of ...

The approval of a plan by the Iraqi Parliament to increase payments to international oil companies operating in the ...

ERBIL, Kurdistan Region - The Iraqi parliament on Sunday voted to amend the federal budget bill in a major step that is ...

Iraq’s parliament passed a long-awaited plan to boost payments to oil companies in the semi-autonomous Kurdistan region, a ...

OPEC pumped an average of just over 27 million barrels a day in January, about 70,000 a day less than the month before.

Iraq’s parliament on Sunday approved a budget amendment to subsidise production costs for international oil companies operating in the semi-autonomous Kurdistan region in a move aimed at unblocking ...

MOSCOW. Feb 3 (Interfax) - OPEC+ countries' production plan, including quotas, voluntary cuts and compensation for insufficiently reduced output, will edge up by 13,000 barrels per day from January to ...

Iraq's parliament passed a plan to boost payments ... amend the budget to allow Baghdad to pay out $16 a barrel for oil production and transportation, according to a statement.