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Energy

July exports rise as OPEC continues quota hikes

Iraqi oil sales increased in July, even as the fate of a deal to restart northern exports via Turkey remains uncertain.
Iraqi Oil Minister Hayyan Abdulghan (second from right) participates by videoconference in a meeting of the OPEC-plus Joint Ministerial Monitoring Committee on July 28, 2025. (Photo credit: Oil Ministry)

Iraq to rival Saudi oil output, if…

Thanks to two oil auctions, within eight years Iraq may eclipse Saudi Arabia to become the largest oil producer in the world. Many obstacles, however, remain.

The numbers speak volumes

A breakdown of the expected oil production from the 10 fields Iraq awarded for development to foreign oil companies since June 30.

Complete Round 2 results

Here's the field by field recap of winners, losers and details of the fields international companies now have deals to develop.