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Energy

Iraqi wartime production cuts reach 3.6 million bpd

Iraq is navigating acute logistical and infrastructure challenges to maximize refinery consumption and exports while the Strait of Hormuz remains closed.
Workers from the state-run Iraqi Drilling Company (IDC) work on a well at the West Qurna 1 field in Basra in March 2026. (Photo credit: IDC)

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.