Imminent agreement will provide some $10 billion in credit for companies to invest, super-charging China's involvement in the Iraqi economy.
Gunfight at Jambur oil well underscores – but doesn't end – an epidemic of crude smuggling throughout northern Iraq.
Six paramilitary fighters were killed when insurgents, exploiting chronic security gaps in Iraq's disputed territories, launched a surprise attack along a remote highway.
After Kurdistan abruptly stopped oil exports to Iran - and then quickly resumed them - the KRG's emissary to Tehran discusses bilateral relations in the age of renewed U.S. sanctions.
Baghdad and KRG leaders are pursuing renewed security cooperation to defuse tensions in disputed territories and combat a persistent insurgency.
More in Energy
A slight decline in crude loadings is offset by a $4 per barrel increase in price, as Iraq's output stays near record levels.
More in Politics
Whenever the media office of the Council of Ministers releases decisions of the Cabinet, Iraq Oil Report publishes a translation from the original Arabic.
More in Security
Security forces have disrupted several operations stealing thousands of barrels of oil per day, but perpetrators with powerful connections defy justice and the smuggling continues.