×

Business Iraq

  • BAGHDAD, April 2- Iraq has assured OPEC it will fully comply with an agreement to cut oil supply in order to bolster crude prices, OPEC Secretary General Mohammed Barkindo said on Sunday in Baghdad. Compliance with the deal agreed by OPEC and non- OPEC producers at the end of last year to cut supply is "encouraging," Barkindo told the forum. Luaibi said he was satisfied...

  • A man points towards the fighting as they walk through an area that was affected by a reported coalition air strike in the al-Jadida neighborhood of Mosul, Nineveh Province, on March 24, 2017.

    Ayad al-Jumaili, believed to be a deputy of Islamic State's leader, was killed in an air strike, an Iraqi intelligence spokesman said Saturday.

  • BAGHDAD, April 2- Iraq has assured OPEC it will fully comply with an agreement to cut oil supply in order to bolster crude prices, OPEC Secretary General Mohammed Barkindo said on Sunday. Compliance with the deal agreed by OPEC and non- OPEC producers at the end of last year to cut supply is "encouraging," Barkindo told an energy conference in Baghdad.

  • BAGHDAD, April 2- Iraq plans to increase its oil output capacity to 5 million barrels per day before the end of the year, Oil Minister Jabar al-Luaibi said on Sunday. Iraq will proceed in parallel with exploration plans to increase its reserves by 15 billion barrels in 2018, to reach 178 billion barrels, Luaibi told an energy conference in Baghdad.

  • BAGHDAD, April 2- Iraq has given OPEC assurances it will fully comply with an agreement to cut oil supply in order to bolster crude prices, OPEC Secretary General Mohammed Barkindo said on Sunday. Compliance with the deal agreed by OPEC and non- OPEC producers at the end of last year to cut supply is "encouraging," Barkindo told an energy conference in Baghdad.

  • An Iraqi soldier holds an Islamic State flag during a battle with Islamic State militants, north of Mosul, Iraq.

    The Islamic State has lost nearly two-thirds of the land it once controlled, leveling a major blow to several critical funding streams.

  • *Saudi ups supply but stays below its OPEC output target. LONDON/ DUBAI, March 29- OPEC oil output is likely to fall for a third straight month in March, a Reuters survey found on Wednesday, as the United Arab Emirates made progress in trimming supplies while maintenance and unrest cut production in exempt nations Nigeria and Libya. In comments made to Reuters, OPEC...

  • Gen. Joseph Votel, Commander of the US Central Command, testifying Wednesday to the House Armed Services Committee about the security challenges in the Greater Middle East.

    A top military official testified Wednesday that Iran is one of the greatest threats to the U.S. and has increased its "destabilizing role."

  • *Saudi ups supply but stays below its OPEC output target. LONDON/ DUBAI, March 29- OPEC oil output is likely to fall for a third straight month in March, a Reuters survey found on Wednesday, as the United Arab Emirates made progress in trimming supplies while maintenance and unrest cut production in exempt nations Nigeria and Libya. In comments made to Reuters, OPEC...

  • *Saudi ups supply but stays below its OPEC output target. LONDON/ DUBAI, March 29- OPEC oil output is likely to fall for a third straight month in March, a Reuters survey found on Wednesday, as the United Arab Emirates made progress in trimming supplies while maintenance and unrest cut production in exempt nations Nigeria and Libya. The reduction by the UAE has helped...

  • *CFO Ben Monaghan to leave Genel this year. *Chairman Tony Hayward expected to depart in June. LONDON, March 29- Genel Energy is set to lose its finance chief while still struggling to find a replacement for Chairman Tony Hayward, sources told Reuters, increasing pressure on the company after a second revision to its Kurdish oil reserves sent its shares sliding this...

  • OPEC Secretary General Mohammed Barkindo (R)

    OPEC faces a serious price crash if it doesn't put the best face possible on its production deal and extend it when it meets in May.

  • *Iraq's share of OPEC production cut is 210,000 bpd. as expected, potentially raising questions over the country's compliance with OPEC production cuts. A March loading programme had pointed to southern exports from OPEC's second-largest producer falling to 3 million barrels per day, which a source familiar with the matter said was related to Iraqi efforts...

  • VIENNA, March 14- Vienna, Austria's grand capital on the Danube river, has topped consulting firm Mercer's list of cities offering the highest quality of life for the eighth year in a row, while Baghdad is again considered the worst place to live. Global centres London, Paris, Tokyo and New York City did not even make the top 30, lagging behind most big German,...

  • Khalid Bin Abdulaziz Al-Falih, Saudi Arabia's energy and industry minister, speaks during the 2017 CERAWeek by IHS Markit conference in Houston, Texas, U.S., on Tuesday, March 7, 2017.

    OPEC's strong messaging around its output cut compliance began to break down at CERAWeek by IHS Markit last week, Helima Croft said.

  • SULAIMANIYA, Iraq, March 8- The Kurdish group that controls Iraq's Kirkuk oilfields has agreed with Baghdad to keep crude flowing from the region through a pipeline to a Turkish export terminal on the Mediterranean, a Kurdish official told Reuters on Wednesday. The pipeline carries 150,000 barrels per day of Kirkuk crude for export to world markets via Ceyhan,...

  • The volumes announced cover all exports made by state-run oil marketer SOMO from the southern ports on the Gulf and from the Turkish terminal of Ceyhan on the Mediterranean, it said. Ceyhan receives crude from the northern Kirkuk oil fields. Iraq is the second biggest OPEC producer, after Saudi Arabia.

  • SULAIMANIYA, Iraq, March 8- The Kurdish group that controls Iraq's Kirkuk oilfields has agreed with Baghdad to keep crude flowing from the region through a pipeline to a Turkish export terminal on the Mediterranean, a Kurdish official told Reuters on Wednesday. The pipeline carries 150,000 barrels per day of Kirkuk crude for export to world markets via Ceyhan,...

  • People protest against President Donald Trump as they gather to walk toward Mar-a-Lago Resort where he is staying for the weekend on February 4, 2017 in Palm Beach, Florida.

    Hawaii intends to file a legal challenge Wednesday to President Donald Trump's new travel order, NBC News reports.

  • (L-R): OPEC Secretary General Mohammad Barkindo, Mexican Deputy Secretary of Energy for Hydrocarbons Aldo Flores-Quiroga , Saudi Minister of Energy, Industry and Mineral Resources Khalid Al-Falih and Russian Energy Minister Alexander Novak.

    OPEC and non-OPEC oil producers, in an impromptu press briefing, reaffirmed their commitment to their production agreement.