Subscribe 

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)

Beyond the Headlines: Dec. 5-11

Missan moves on power plans Potential Iraq-Turkey-Syria water pact Attack to blame for power outage Kirkuk violence continues

Oil optimism buoys draft budget

Anticipating export increases due to new infrastructure and rising Kurdish production, Iraq's Cabinet has approved a record-setting draft budget of nearly $100 billion.

Analysis: What was Exxon thinking?

Exxon risked its stake in a super-giant Iraqi field and cast its lot with Kurdistan. The gamble might not be as risky as it seems.

Beyond the Headlines: Nov. 21-27

Elect. Ministry faces lawsuit over quotas Mehdi Army accused of plot to kill Anbar gov. Missan pipeline, drilling progress Oil development problems in Dhi Qar

Shell gets its gas deal

After years of negotiations, Shell inks a 25-year gas company joint venture with Iraq, making it the largest investor in the country's oil sector.

Basra leaders threaten lawsuit

Days before Shell and Iraq are to formalize a new gas company, Basra's local government has voted to file a lawsuit challenging the deal.