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Energy

Iraq crude production strong in June

Operational disruptions caused by the Israel-Iran war do not appear to have affected Iraqi crude output, which was virtually unchanged from May to June.
The 8th Seismic Division of Iraq's state Oil Exploration Company conducts a seismic survey at the Hadab project in Ninewa province in July 2025. (Photo credit: Oil Ministry)

Garraf deal official

Petronas and Japex finalize development deal for Garraf, as ministry readies for another week of oil contract signings and negotiations.

Japanese consortium running out of time on Nassiriya

Oil Ministry sets deadline for Japanese oil companies to agree to EPC deal for the Nassiriya oil field, but companies short on money want assurance the three-year deal will lead to something more.

Iraq finalizes oil deal with Shell

Contract for Majnoon becomes the second of an expected 10 oil deals to be signed with the world largest oil companies to develop the world's largest oil fields.

Rumaila deal challenge now Feb. 1

Federal court hears new arguments, agrees to give time to government to respond to MP's lawsuit challenging legality of BP deal for Rumaila field.

Oil deal signings to start Sunday

Majnoon, Garraf, Qaiyarah and Najmah to be signed starting Sunday, while ministry awaits companies to OK changes to remaining five deals aimed to drastically boost production capacity.