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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)

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.

Going it alone on gas

Akkas and Mansuriyah gas fields, unsigned in recent auction, to be developed by state firms.

A different Iraq oil law approved

Council of Ministers end-around feuding factions – for now – and move to restart the national oil company with support of key political blocks.

SOC chief punished

Vocal opponent of first bidding round and chief of Iraq's largest state oil company has been let go.

Nov. set for second bidding round

Iraq’s Oil Ministry spokesman said the second bidding round for oil fields offered to foreign investors will take place at the end of November. Assem Jihad offered few details but said pre-qualified companies will be able to submit bids for 10 oil fields in four months. Meanwhile, rumors that South Oil Co. chief Fayadh Hassan […]