Iraq | Egypt Oil & Gas - Part 2

Iraq Approves Preliminary Agreements to Study Strategic Oil Export Pipelines

Iraq's Cabinet has approved the Basra Oil Company (BOC), Iraq's largest state-owned oil producer, to sign a heads of agreement (HoA) and a non-disclosure agreement (NDA) with a consortium comprising US-based Capit ...

Iraq, OPEC Begin Gradual Restoration of Oil Production Quotas

Iraq's Ministry of Oil stated that OPEC and its allies have begun gradually restoring Iraq's production quotas, particularly the voluntary cuts, as part of efforts to increase the country's production capacity ove ...

Iraq Launches First Northern Exploration Well Since 1978, Targets 4.3 MMbbl/d

Iraq’s Ministry of Oil has launched drilling operations for a new exploratory well in the northern provinces, marking the first exploration activity in the region since 1978, as part of efforts to expand the count ...

Iraq Moves to Diversify Oil Exports via Syria Amid Hormuz Disruptions

Iraq is preparing to export crude oil and naphtha through Syrian ports after the Iran war disrupted its main Gulf shipping routes, according to Iraqi and Syrian energy officials and refinery sources.

Iraq Seeks One-Year Extension of Kirkuk-Ceyhan Pipeline Agreement

Iraq has formally requested Türkiye to extend the existing Kirkuk-Ceyhan oil pipeline agreement for at least one year, as both sides continue negotiations on a new long-term accord, according to Ali Nizar, head of ...

Dana Gas Egypt Records First output Growth in Nine Years

The Egyptian assets of Dana Gas, the Middle East’s largest regional private-sector natural gas company, recorded one of their strongest operational performances since 2017  during the first quarter (Q1) of 2026, w ...

Iraq Announces New Oil Discovery at Al-Qarnain Block

Iraq announced the discovery of a new oil field in Najaf province, close to the Saudi border in the country’s southwest. The field, discovered by China-based Zhenhua Oil, holds estimated reserves of 8.83 billion b ...

Iraq Advances $5bn Basra–Haditha Pipeline with High-Level Oversight Commission

Iraq is moving forward with plans for the $5 billion Basra–Haditha crude oil pipeline, establishing a high-level commission to oversee development of the strategic project.

Third Iran-Linked Tanker Records Transit Through Strait of Hormuz

Shipping data recorded on April 14 showed that a third Iran-linked tanker was transiting the Strait of Hormuz on the first full day of the US blockade on vessels calling at Iranian ports. US President Donald Trump ...

Iraq Eyes Rapid Oil Export Recovery Pending Hormuz Reopening

Iraq could ramp up its crude oil exports to around 3.4 million barrels per day (mmbbl/d) within a week if the ongoing Iran conflict de-escalates and the Strait of Hormuz reopens, according to the head of the state ...

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