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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)

Petronas preparing for drilling in Garraf

Petronas Malaysia is gearing up for production at Garraf oilfield, after disgruntled tribal leaders tried to extract illicit payments in exchange for their permission to drill.

Details of Shell gas deal emerge

Iraqi official confirms plans for LNG export, but promises to meet domestic power demands before sending natural gas abroad.

Shell gas deal sees movement, not finality

Iraq's cabinet gave an initial authorization to the natural gas joint venture being negotiated between the Oil Ministry, Royal Dutch Shell and Mitsubishi, but – contrary to some media reports – a final contract is far from certain.

Shahristani given temporary power portfolio

Amid a heat wave of protests and politics, the resigning electricity minister’s portfolio will go to the oil minister, though electricity officials deny the hand-over will take place.

Iraq’s Electricity Minister Resigns

Electricity Minister Kareem Wahid Hasan has resigned amid growing discontent with his handling of the country's chronic power shortages.

Power protests

Weekend protests – killing at least one and injuring more – are continuing Monday, as Iraq’s political and electricity problems come to a head.

Low tide for Iraq’s hydropower plants

Facing reduced flow in Iraq's largest rivers, the Electricity Ministry is giving up on hydroelectric power and planning for gas turbines to help overcome the country’s electricity shortages.