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Energy

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.

60 well tender for Maysan Oil Co.

Sixty-Well Drilling Tender Announced for Iraq's Maysan Province Iraq's newly founded state-owned Maysan Oil Company (MOC) has published tenders for the drilling of up to 60 wells.

Gulf Keystone spuds in KRG

Gulf Keystone spuds first Iraqi Kurdistan well while deadlock on region's exports continues.