Energy

BP deal aims to revamp Kirkuk energy sector

Iraq is once again leveraging upstream development to finance gas and power projects.

Iraqi Prime Minister Mohammed Shia al-Sudani (standing, center), BP CEO Murray Auchincloss (standing, left), and Oil Minister Hayyan Abdulghan (standing, right) oversee the signing of a deal for BP to rehabilitate Kirkuk oil fields and build gas processing and power generation infrastructure at a ceremony in Baghdad on March 26, 2025. (Photo credit: Prime Minister's Office)

Jan 24, 2024

Q&A: Hossam Hussein Wali, director general of the South Refineries Company

Iraq's largest refinery has expanded its capacity by 70,000 bpd after long delays related to an unresolved dispute with a contractor.

Jan 16, 2024

Progress on Kurdistan budget deal, but obstacles remain

Baghdad approves temporary funding deal but unresolved oil issues hang over a potential budget law amendment to unlock more reliable financial transfers.

Jan 13, 2024

Q&A: Farhan Muhssin al-Fartousi, head of the General Company for Ports of Iraq

Recent progress in the long-delayed Grand Fao Port project is raising Iraq's hopes of becoming a major international commerce hub.

Jan 11, 2024

Iraqi exports finish down year with a December surge

Nationwide oil sales dropped in 2023 due to the northern pipeline outage, but federal exports hit a four-year high in December.

Jan 9, 2024

PetroChina takes over as West Qurna 1 operator

Iraq's second-largest oil field has a new operator as ExxonMobil moves forward with an agreement to exit the project.

Dec 15, 2023

Q&A: Marfaa Kadhim al-Asadi, deputy director of Basra Gas Company

Iraq's marquee initiative to reduce gas flaring is expanding, though uncertainties remain around gas supply.

Dec 7, 2023

Oil exports and revenues slump in November

Export volumes are expected to slide further as Iraq makes new OPEC-plus commitment to support prices with reduced output.

Dec 1, 2023

Q&A: Salman Hadar Salman, Deputy Director General of the South Refineries Company

The expansion of Iraq's largest refinery promises to reduce the country’s fuel imports and enable jet fuel exports.

Nov 29, 2023

Iraq explores carbon credits to reduce gas flaring

A pilot project at the East Baghdad oil field cluster aims to use carbon credits to finance infrastructure to capture gas and reduce Iraq's carbon footprint.

Nov 28, 2023

New leader for Midland Oil Company

Mohammed Yassin Hassan al-Obaidi has been appointed acting director general in a leadership reshuffle at Iraq's smallest state-run oil company.