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Energy

Iraq takes action on illicit oil schemes

U.S. designation of a key oil sector logistics provider highlights sanctions risks, prompting Iraqi measures to combat corruption in fuel trading.
Iraqi Navy vessels take part in operations to combat illicit oil sales in August 2025. (Photo credit: GCPI)

More than $4B in July oil sales

Crude exports hit highs and capitalize on steadily increasing prices to eclipse June earnings, as Iraq explains to investors what the second bidding round will offer.

Struggle to fill up

Iraq's Oil Ministry eyes ending fuel imports but producing enough gasoline to meet Iraqi demand may take the type of investment that's yet to come.

Interview: Sabah Shabeeb al-Sa’idi

Top Oil Ministry official negotiates contracts, talks to Iraq Oil Report about the BP deal for Rumaila, gives details of the second bidding round process and contract, and hints at the Nassiriya winner.

Mixed review

UN watchdog over Iraq’s oil revenue says Iraq can take over the job, but worries ministries are lagging in necessary safeguards.

Holy money

Estimates of tens of millions of dollars donated in holy Karbalah, officials point to projects when questioned about transparency.

Iraq expands refineries

Part of fuel expansion; also, KRG takes 17 percent stake in new Heritage/Genel firm, and GE left without payments for turbines.