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Energy

Iraqi oil production continues edging higher in October

Nationwide crude output has risen steadily since May as the OPEC-plus group has relaxed quotas.
A worker with the state-run Iraqi Drilling Company performs reclamation work at the West Qurna 1 oil field in Basra, in October 2025. (Photo credit: IDC)

New leader for Midland Oil Company

Mohammed Yassin Hassan al-Obaidi has been appointed acting director general in a leadership reshuffle at Iraq's smallest state-run oil company.

ExxonMobil finalizes deal to exit West Qurna 1

The American super-major will sell its last remaining upstream asset in Iraq to the state-run Basra Oil Company, resolving a years-long conflict over the terms of its exit.

October exports hit 8-month high

The northern export pipeline was offline for a seventh straight month, but Iraq has now compensated for about half the lost volumes with increased oil sales via southern outlets.

Oil Ministry names new head of contracts

Bassim Taher Abid is tapped as the new acting director of the Petroleum Contracts and Licensing Directorate as the ministry gears up for two new licensing rounds.

September oil production steady

With the northern pipeline still offline, Iraq is compensating with robust southern exports and expanding sales into Kurdistan's local market.