August crude exports dip as OPEC-plus compliance pressure rises

Iraq posted its second-lowest monthly crude loadings of the year as it looks to address mounting pressure to adhere to OPEC-plus quota agreements.

OPEC Secretary General Haitham Al Ghais (left) meets with Iraqi Prime Minister Mohammed Shia al-Sudani (center) and Oil Minister Hayyan Abdulghani (right) in Baghdad on Aug. 29, 2024. (Photo credit: Oil Ministry)

Q&A: Hossam Hussein Wali, director general of the South Refineries Company

Southern Iraq's refining chief says the government will prioritize domestic supply as it moves to comply with OPEC-plus production caps.

Iraq leans on refining sector after major capacity expansion

Countrywide refining capacity has risen by 30 percent in two years, giving Iraq strategic flexibility in an era of pipeline outages and OPEC pressure.

Iraq production climbs higher in July

Rising output at the Majnoon field has driven significant production gains despite OPEC-plus pressure for Iraq to adhere to quotas.

July crude exports continue upward trend

Iraqi oil sales hit their highest levels in nearly a year despite OPEC-plus pressure to throttle back production.

BP revives quest for Kirkuk oil deal

A new memorandum of understanding signals a new phase in BP's decade-long pursuit of a deal to rehabilitate major oil fields in Kirkuk.

June production up as Iraq agrees to new OPEC cuts

Iraqi output increased significantly in June; OPEC says Iraq has pledged to start compensating for overproduction starting in July.

Q&A: Ali Zuhair Karim, director general for southern electricity transmission

Iraq's electricity grid is providing improving levels of service to southern provinces during high-demand summer months despite a drop in power imports from Iran.

Iraqi crude exports steady in June

High global prices are helping to offset the revenue impact of lower export volumes constrained by OPEC-plus pressure.

New life for Iraq-Jordan export pipeline

The long-stalled project is taking tentative steps forward with a $5 billion federal budget financing provision and a recent equipment tender.

OPEC-plus concern keeps lid on May production growth

Nationwide crude output is far below developed capacity due to the ongoing northern pipeline outage, southern infrastructure constraints, and — most acutely — quota pressure from OPEC-plus.

UPDATE: Iraq’s May exports fall as OPEC-plus extends cuts

Exports declined by about 60,000 bpd as Iraq continues to move toward compliance with recently extended OPEC-plus production caps.