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Energy

Iraq oil output hits new multi-decade low

A trickle of tanker loadings points to an emerging wartime export cadence that has forced over two-thirds of Iraq's production offline.
Personnel from the state-run Iraqi Drilling Company (IDC) operate a drilling rig at the Zubair field in Basra in April 2026. (Photo credit: IDC)

April oil exports dip slightly

Iraq's crude sales have been constrained by OPEC-plus quotas but revenues remain high due to global oil price strength.

Momentum for Fao refinery project

Chinese consortium is expected in Baghdad for a signing ceremony this month to finalize a deal for a 300,000 bpd refinery complex.