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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)

Round 1 revisited

At least four major oil companies are pitching development projects for oil fields that went unsigned in the June auction.

Blacklist enlarged and challenged

By working in the KRG, a Chinese company is barred from bidding for oil fields offered by Baghdad, while a Korean firm is apparently back at work despite oil purchases.

New INOC put on hold

National oil company restart delayed by politics, election campaigns, and the logistical nightmare of creating a new oil regulatory regime.