BAGHDAD, Dec 30 (Reuters) – Iraq agreed a $2.625 billion deal with South Korea’s Daewoo Engineering & Construction (047040.KS) on Wednesday to build the first phase at its planned Faw...

by Maher Nazeh (Reuters) – Iraq agreed to a $2.625 billion deal with South Korea’s Daewoo Engineering & Construction ($047040.KS) on Wednesday to build the first phase at its planned...

By Sheela Tobben (Bloomberg) — The U.S. Gulf Coast imported the least amount of crude in nearly three decades as shipments from Iraq plummeted and congestion lingered on a critical...

By Ulf Laessing BASRA, Iraq, May 22 (Reuters) – The king size bed in Saddam Hussein’s superyacht is made, the silk curtains around it have been drawn back and, in...

by Ahmed Rasheed (Reuters) Iraq has increased oil export capacity from its southern ports by 900,000 barrels per day (bpd) to 4.6 million bpd after adding a new floating terminal...

By Rania El Gamal DUBAI, Aug 16 (Reuters) – OPEC member Iraq has formed a joint venture with a shipping company owned by Arab states to transfer, store and trade crude...

By Dmitry Zhdannikov (Reuters) Iraqi state oil firm SOMO has blacklisted three tankers involved in shipping crude from Kurdistan, stepping up pressure on the semi-autonomous region amid tense talks on...

By Keith Wallis SINGAPORE, April 6 (Reuters) – A traffic jam of nearly 30 large oil tankers has built up outside the Iraqi port of Basra due to loading delays,...

Iraq, OPEC’s second-biggest producer, will start exporting Basrah Heavy crude next month after offering discounts for the new grade in Europe, Asia and the Americas.

Iraq’s biggest oil exports in more than three decades and winter winds are helping to keep shipping rates at a six-year high as a four-mile line of supertankers waits to load the nation’s crude.

An oil tanker off the coast of Texas loaded with $100 million of disputed Iraqi Kurdish crude has pulled its anchor from the water and set sail for the first time since entering the Gulf of Mexico in July, satellite tracking showed on Wednesday.

A tanker loaded with $100 million of Iraqi Kurdish crude oil cannot be delivered in Texas anytime soon because of serious legal risks so a month-long standoff will likely drag on, a source close to the matter said on Tuesday.

The Kurdistan Regional Government (KRG) of Iraq asked a U.S. court on Monday to throw out an order to seize some 1 million barrels of disputed crude oil and allow the cargo to be freely delivered in Texas.

An oil tanker floating off the coast of Texas is waiting to unload its cargo of oil from the Kurdish region of Iraq after receiving clearance yesterday.

A ship carrying crude from Iraq’s Kurdistan region is off the coast of Florida, with the future of the oil aboard murky because of uncertainty over who has the right to sell it.

Iraqi Kurdistan's bid to sell its first tanker of crude oil appeared to suffer its second setback in as many weeks on Thursday after the ship left a port in Morocco without a sale which the central Iraqi government opposes.

By Raheem Salman BAGHDAD, June 1 (Reuters) – Oil exports from Iraq rose by 8 percent in May and a new floating terminal was inaugurated that will expand shipping capacity...

By Meeyoung Cho and Jane Chung DAEGU, South Korea, Oct 16 (Reuters) – Iraq said China is seeking to increase purchases of its crude by more than two-thirds next year,...

AMSTERDAM–Dutch dredging and maritime services provider Royal Boskalis Westminster N.V. (BOKA.AE) said Thursday that its Smit Lamnalco associate has been awarded a $35 million a year contract by Petrofac Ltd....

(Dow Jones) Iraq’s new single-point mooring, or SPM, terminal in the south is loading a third tanker Tuesday at a rate of 800,000-900,000 barrels a day, a senior Iraqi oil...