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Energy

Iraq races to finalize oil deals ahead of elections

Sudani administration activates a major contract with BP and strikes preliminary agreements with ExxonMobil and Chevron as national elections near and deal-making window starts to shut.
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)

Kurdish oil boom begins

Despite major unresolved political disputes, exports hit record levels from Iraqi Kurdistan, which is looking to expand production further as companies begin collecting the payout from Baghdad.

Gas deals make progress

Kogas has initialed the disputed Akkas deal, and the Siba and Mansuriya contracts will be finalized Sunday, though Shell’s Basra venture continues to languish.

Beyond the Headlines: May 23-29

Iraq moves to import Iranian gas Dhi Qar braces for unrest Four wells drilled at Halfaya Bombs target more Kirkuk officials

Heading off summer power protests

Fearing unrest on the heels of the "Arab Spring," government OKs emergency fuel to angry citizens who forced out electricity minister last year.

Q&A: Exxon’s Iraq chief James Adams

With the West Qurna 1 oil field ahead of schedule, the head of ExxonMobil’s Iraq operation discusses the status of the project and the challenges ahead.

Beyond the Headlines: May 16-22

EITI meetings push oil transparency Al-Quds plant expansion begins Dhi Qar battles Baghdad over electricity Iranian firms seek Dhi Qar investment

Rumaila blockade averted

Governor meets with oil workers to hear grievances, forestalling a major labor interruption at Iraq’s biggest oil field.