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Energy

Iraqi wartime production cuts reach 3.6 million bpd

Iraq is navigating acute logistical and infrastructure challenges to maximize refinery consumption and exports while the Strait of Hormuz remains closed.
Workers from the state-run Iraqi Drilling Company (IDC) work on a well at the West Qurna 1 field in Basra in March 2026. (Photo credit: IDC)

Output stumbles early in record year-to-be

Oil fields are being curtailed due to infrastructure bottlenecks and delays, reducing exports, and investigators are looking into corruption allegations of a key contractor.

Beyond the Headlines: Feb. 20-26

Missan plant to be tendered Mansuriya power construction begins Iran to increase power supply Dhi Qar OKs record budget

Exxon confirms Kurdistan deals

Mindful of Baghdad's anger, the company has publicly acknowledged its controversial Kurdistan play for the first time.

Beyond the Headlines: Feb. 13-19

Missan threatens Luaibi with ban Zubair residents prepare protest New drilling in Kirkuk and Hamrin Q&A: Akkas project chairman

Iraq ready for refinery pitches

Potential investors face a looming deadline to bid on four refinery deals, and Iraq Oil Report has obtained the specs and investment terms of the projects.

Q&A: South Oil Co. chief Dhia Jaffar

The head of one of the largest oil producing companies in the world discusses plans to boost capacity, even as IOCs consider leaving.

Beyond the Headlines: Feb. 6-12

Kogas promises Anbar local gas Diyala claims security gains Missan power construction begins Five-star hotel for Amara

Oil exports set to increase Maliki’s position

The first oil of a massive export expansion project is heading to the first tanker, a seven-10 day process that will end with an embattled government in a stronger position.