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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)

Chinese, Iraqi officials make plans for oil airport

Officials from CNPC and the Iraqi Army based in Missan province are looking to turn a military airstrip into a commercial and cargo hub. The project has received local support and the approval from the provincial governor.

Iraq gets better terms on two major deals

Oil Ministry converts larger loan from Exxon and Eni to smaller non-refundable signing bonus. It also received funding from the government to start a fourth state oil company.

Powering Baghdad

Nearly a nuclear power plant's worth of private generators fill in for the struggling national electricity grid in Baghdad.

Iraq and Turkey negotiate new pipeline deal

Iraq hopes to negotiate terms for a better future for much-attacked northern pipeline, though Turkey concerned it will lose revenue again if security fails.