Unprecedented droughts are drying up farm land, driving migration to cities, and compounding economic hardships and instability.
Even though Iraq is emerging from OPEC-plus quota constraints, its most prolific oil field is still producing well below capacity as BP, PetroChina, and BOC negotiate near-term plans.
Production dipped slightly, but loosening OPEC quotas mean Iraq is gaining leeway to draw on spare capacity.
The American investment firm Twelve Seas and the UK's Wood Group are proposing to partner with Halliburton to buy Exxon’s interest in one of Iraq’s largest oil fields.
Thanks to surging global crude prices, Iraq generated its highest monthly oil export revenues since October 2018.
Iraq's countrywide oil output increased 3 percent in September as OPEC-plus quotas rise.
Output is rising at Iraq's only commercially producing dry gas field, but reserves estimates have been cut in half.
The Iraqi Cabinet has approved the newly formed Iraqi National Oil Company (INOC) to take a partnership stake in a multi-faceted energy deal.
Four months after the Ninewa province field came back online, production has again stopped.
Nationwide exports hit their highest monthly average since May 2020.
Work on the Grand Fao port project is moving forward, and oil product exports via Khor al-Zubair are getting an upgrade.
The Islamic State militant group is staging increasingly bold attacks on both security forces and civilians in northern Iraq, with energy infrastructure also at risk.
Iraq has begun enforcing legislation that prevents foreigners from owning a majority stake in any Iraqi company, casting new uncertainty on an already difficult investment climate.
Expansions of southern Iraq's refining capacity appear to depend on negotiations with foreign investors.
As Kurdistan's authorities crack down on flaring, a $110 million project by Norway's DNO shows how capturing the associated gas produced along with crude can help both the environment and the bottom line.
The U.S. government's overseas lending facility has approved a huge loan to finance new gas supplies, signaling direct support for Kurdistan's energy sector.
Infrastructure bottlenecks will limit Iraq's exports and production in the short term, but SOMO is squeezing value from oil sales through new marketing strategies.
An estimated $27 billion will be spent to increase oil output, cut gas flaring, and launch the country's first solar project.
The package of four projects promises to provide transformational infrastructure for processing gas, boosting electricity supply, and raising oil production capacity.
Oil sales hit a 20-month high as Iraq increased export volumes and opened up a new revenue stream with jet fuel exports.
The French president's second trip to Iraq in less than a year could potentially help push a massive energy deal across the finish line for TotalEnergies.
As the OPEC-plus coalition prepares to loosen its quotas further, Iraqi production has risen to its highest monthly average since April 2020.
Genel Energy says it will dispute the notice to end production sharing contracts at Bina Bawi and Miran.
With OPEC-plus pressure easing, Iraq increased exports slightly in July while higher oil prices drove monthly revenues to a 19-month high.