OPEC pumped an average of just over 27 million barrels a day in January, about 70,000 a day less than the month before.

"Parliament's approval is very significant to resolve oil dispute between Baghdad and Erbil and it will help expedite the ...

The prolonged shutdown of Kurdistan’s oil pipeline, coupled with a delayed parliamentary vote on production costs, has cost Iraq $25 billion in lost revenue, highlighting the high stakes of political ...

"The objective is to enhance production and achieve optimal targeted rates of oil and gas output ... the daily lives of 45 million Iraqis. BP is one of the biggest foreign players in Iraq's ...

Gulf Keystone continues to engage with Iraq to resume oil exports to international markets but reiterates warning of related ...

The budget amendment  mandates that the KRG transfer its oil production to the state-controlled State Oil Marketing ...

The assembly on Sunday voted in favor of a plan approved by the cabinet in November that would amend the budget to allow Baghdad to pay out $16 a barrel ... as Iraq sought to take full control of the ...

Iraq’s parliament on Sunday approved a budget amendment to subsidise production costs for international oil companies operating in the semi-autonomous Kurdistan region in a move aimed at unblocking ...

Baghdad approved a budget amendment to subsidise production costs for international oil companies operating in Iraq's ...