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Energy

Iraq oil output hits new multi-decade low

A trickle of tanker loadings points to an emerging wartime export cadence that has forced over two-thirds of Iraq's production offline.
Personnel from the state-run Iraqi Drilling Company (IDC) operate a drilling rig at the Zubair field in Basra in April 2026. (Photo credit: IDC)

BP revives quest for Kirkuk oil deal

A new memorandum of understanding signals a new phase in BP's decade-long pursuit of a deal to rehabilitate major oil fields in Kirkuk.