Controversial pact between Iraq and Shell moving along, with Parliament requesting involvement.
UPDATE: Depot fire temporarily cuts Iraqi crude exports
An explosion at the Zubair-1 depot has taken up to 1.5 million bpd of Basra Medium crude exports offline, as Iraq scrambles to divert production to storage and implement workarounds to recover export volumes.
Fire fighters and civil defense corps members extinguish the fire at the Zubair-1 pumping station following a gas leak explosion on Oct. 26, 2025.