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Iraqi PM makes first official visit to Saudi Arabia
- 5 memoranda of understanding signed between two countries as part of visit aimed at strengthening bilateral relations
Iraq awards drilling of 96 oil wells to Schlumberger
- Schlumberger bid for drilling work accepted at 14.4% less than forecast price of $561 million
Turkish lawmaker asks Iraq to cooperate on water issue
- Turkey's special representative to Iraq holds meeting to evaluate Iraq's water supply problems
Baghdad to pump oil to Beirut in 2021
- Volume of imports, which is not clear yet, will be limited to cover major part of Beirut's fuel needs to generate electricity
Iran reverts to normal gas flow rates to Iraq
- Oil-rich Iraq is suffering from major electricity crisis following drastic reduction in natural gas supplies from Iran
Iraq’s central bank devalues national currency
-Iraq says devaluation is necessary to overcome economic crisis brought by low oil prices
Iraq, Saudi agree to boost economic cooperation
-Saudi Arabia resumed diplomatic ties with Iraq in December 2015 after a 25-year break
Iraq plans to ramp up oil output by 2027
- Iraq's capacity will not be less than 7 million barrels per day in 2027, says Iraq's oil minister
Iraqi central government to import electricity from KRG
-Move comes after protests against energy shortages in Baghdad and other southern provinces throughout summer
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Global oil prices rise 3.8% in week ending August 7
- Iraq, Saudi Arabia decision to further cut oil production of around 400,000 barrels per day in August supports rising prices
Iraq to send oil aid to Lebanon
- Move comes in wake of deadly blast in Beirut
Iraq urges Iran to cooperate on regional stability
- Iranian Foreign Minister Javad Zarif in Baghdad for talks on bilateral relations
Iraqis protest power outage in Karbala
- Angry protesters bar employees from entering power plant in southern Karbala province
Iraq lowers June oil exports, but pumps over OPEC+ aim
- Iraq gains $2.86 billion in June with average crude price per barrel of $33.90
‘Turkey not doing anything illegal in Mediterranean’
- Turkish soldiers carrying out anti-terror operation in northern Iraq despite challenging conditions, says defense minister
Iraq to boost oil exports to 2.8M barrels daily in June
- Kurdish Regional Gov. to export maximum of 370,000 barrels per day, starting in June to help Iraq comply with OPEC+ quota
Iraq confirms full commitment to new OPEC oil deal
- Iraqi minister commits to oil output adjustments for period after July, despite economic and financial challenges
OPEC meeting begins to discuss oil production cut deal
- Organization to discuss level of compliance of member nations, extend output cut to end of July
OPEC likely to extend oil cut deal for 1 month: Experts
- Extending current deal for an additional month could give room for some members to adhere to their respective quotas
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Iran to ink 2-year year electricity deal with Iraq
- Two countries also discuss three-year cooperation plan earlier signed to reconstruct Iraq's electricity industry
Baghdad halts payments to KRG until oil deal is struck
-Iraq’s central government cuts Kurdish region’s spending as it fails to hand over 250,000 bpd of oil to federal government
OPEC and allies hold oil output cut commitment talks
- OPEC+ must remain committed to adjustments despite signs that demand is recovering from coronavirus slump, Barkindo says
US natural gas production expected to fall by 5% in 2020
- Economic contraction and weak business activity lower natural gas demand
Iraq to review strategic agreement with US: Iraqi PM
- Mustafa al-Kadhimi says partial Cabinet established crisis desk of foreign affairs experts
Iraq seeks to enhance bilateral relations with Turkey
- Iraqi Prime Minister Mustafa al-Kadhimi stresses importance of cooperation on economy, fight against terrorism
New Iraqi PM vows to restore country’s oil production
- Mustafa al-Kadhimi was sworn in as prime minister earlier Thursday
07.05.2020
General
Iraqi parliament to vote on new government May 6
- New cabinet to consist of 12 ministers from Shiites, six from Sunnis, three from Kurds, says parliament speaker
Turkey supports formation of stable government in Iraq
- Formation of government under Mustafa Kadhimi would benefit ‘both Iraq and our region,’ says Foreign Ministry spokesperson