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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)

Basra oil workers’ boycott imminent

Police are readying for oilfield workers in Iraq's largest producing fields to prevent foreign workers from entering the sites in a protest over compensation.

Beyond the Headlines: May 9-15

UAE investors bid for Basra refinery Turkomen target in Kirkuk unrest China's CPEEC wins Halfaya deal Baghdad meters to curb power demand

Beyond the Headlines: May 2-8

Oil professionals protest for jobsElectricity Ministry discusses Iran debtsDelays in Kirkuk reconciliationZubair wellhead fire extinguished

Q&A: Joost Hiltermann

The International Crisis Group's Iraq expert talks about the future of U.S. troops, the gap in security in northern Iraq, and what responsibility is on the shoulders of the country's politicians.

Roadblocks slow Lukoil, IOCs

Russian oil firm lowers expectations for short-term production gains, as other oil and gas deals face political challenges.