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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 oil exports, revenue up

New ministry data gives continued positive sign to oil income and exports, with the north covering the southern flow dip.

Weather delays Iraq oil bids

Media continues coverage of Iraq contracts up for foreign investment, though sand storms have delayed the process for at least one day and Shahristani is set to return to Parliament.

Addax confirms China purchase

Firm active in Iraqi Kurdistan to be purchased by overseas arm of one of China’s state oil company.

Critics from within

Two weeks before bidding round, top officials in South Oil Co. say contracts are "detrimental" to Iraq.

KRG firms are takeover prospects

Addax and Genel are in the process of merging or being acquired, though one could have serious repercussions in southern Iraq for the new parent.

Budget hopeful on oil rise

An increase in exports and oil prices could allow Iraq to boost spending later this year.

Water fight

Iraq warns Turkey on Euphrates water supplies.