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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)

Beyond the Headlines: Nov. 14-20

Pipeline accident in Basra Cabinet approves two power plants Eni to train Basra farmers Missan decries border closure

Cabinet approves Shell gas deal

A final signing could come as early as next week, after Iraq's Cabinet approved Shell's deal to capture billions of dollars' worth of associated gas that is currently flared in Basra.

Beyond the Headlines: Nov. 7-13

Baghdad begins KRG contract audits Iraq hires Japanese power consultants Missan readies claim on Wasit territory Generator barge plugs into Basra port

Iraq threatens Exxon with blacklist

Top central government officials said Exxon's deal with the KRG for six blocks violates the West Qurna 1 contract and jeopardizes the company's future in Iraq.