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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 Ministry: waiting for Big Oil for oil development, but not past June…

Iraqi Oil Minister Hussain Al-Shahristani said Tuesday the country will likely drop oil service contracts with foreign companies if they don't have their proposals finalized by a June deadline and will move forward with the work on its own, Dow Jones Newswires reports. "June is already a bit late... We may drop them if they […]

Kurdish region PM Barzani says “progress” on Iraq oil law…

*But Iraq Oil Ministry says not so fast *All Saddam-era oil deals canceled, to be up for bid *Iraq to sign two-year deals with Big Oil in June *Scattered Dreams: Iraq’s Refugees *$1.5 M for Sadr City *Iraq Press Roundup Iraq's Kurdish region leader said talks in Baghdad on key controversial issues, including the oil […]

Turkey upset about Iraq oil snub…

The fact that Turkey’s national oil company was not among 35 companies approved over the weekend by Iraq’s Oil Ministry to bid for soon-to-be announced tenders to develop oil and gas fields led to disappointment is Ankara, particularly at a time when Turkey planned to strengthen relations with its neighbor through further energy cooperation, Today’s […]

The Iraq oil circus comes to Washington

This week the circus came to town. Not Ringling Bros. and Barnum & Bailey, but Gen. David Petraeus and Ambassador Ryan Crocker, and with it the three rings of a five-plus year war and occupation, politicians in their populist best pitches and the media echo of what's going on with Iraq's oil revenue. Petraeus, the […]

Iraq oil production drops slightly as Baghdad criticized for spending oil proceeds…

PLUS: *Oil and the Basra battle *The northern pipeline protector *Power grid still a target *Kirkuk deadline looms large *Baquba violence increases Iraq oil production decreased in March, along with OPEC as a whole, as Baghdad was pressed by Washington to spend more of its revenues, United Press International's Ben Lando reports. Oil flow has […]

Iraq oil exports and revenue up, but production is down…

Plus: *Fighting in Basra, Iraq’s oil capital *Oil flow not affected, ministry says *Likely outcome troubling for violence and politics *Chevron ready for Iraq deals *Lukoil says West Qurna progress *Workers poisoned at water plant needed for oil sector *CS Monitor marks Five Years in Iraq *Turkey vs. Kurds in … Basra? *Iraq’s female detainees […]