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Energy

Southern export uptick unlocks production gains

A partial resumption in tanker traffic has enabled at least 250,000 bpd in increased oil output, but a full recovery still depends on wartime dynamics outside Iraq’s control.
Workers from Iraq's Oil Pipelines Company perform maintenance work on a gas pipeline feeding the Mansuriya power station in June 2026. (Photo credit: Oil Pipelines Company)

Iraq signs 5-plus and 6th round contracts

Thirteen deals from the May licensing round were finalized and signed at a ceremony in Baghdad, as Chinese firms further expand their footprint in Iraq’s oil sector.