Energy

BP deal aims to revamp Kirkuk energy sector

Iraq is once again leveraging upstream development to finance gas and power projects.

Iraqi Prime Minister Mohammed Shia al-Sudani (standing, center), BP CEO Murray Auchincloss (standing, left), and Oil Minister Hayyan Abdulghan (standing, right) oversee the signing of a deal for BP to rehabilitate Kirkuk oil fields and build gas processing and power generation infrastructure at a ceremony in Baghdad on March 26, 2025. (Photo credit: Prime Minister's Office)

Mar 28, 2023

TotalEnergies takes hard line with Iraq on GGIP

CEO frames negotiations as a test of Iraq's ability to prioritize respect for contracts over political expedience.

Mar 25, 2023

Turkey halts Iraq’s northern exports after landmark arbitration ruling

Baghdad's legal victory appears to be altering the balance of power that has enabled Kurdistan's oil sector independence.

Mar 24, 2023

Q&A: Hamza Abdul-Baqi, director general of South Gas Company

The head of southern Iraq's gas sector discusses the expansion of BGC, associated gas processing at Nahr Bin Omar, and the Ratawi gas hub.

Mar 17, 2023

Qayarah field set to restart, with exports via Basra

The heavy oil field has been mostly offline for three years, but is scheduled to resume imminently with 30,000 bpd of production.

Mar 17, 2023

February oil sales rise on higher northern exports

Increase of 94,000 bpd mainly due to higher volumes of both KRG and federal exports via Turkey.

Mar 14, 2023

Cabinet passes draft budget with record spending and new KRG framework

Attempting to triangulate between opposing political forces, Sudani also pushes through a long-delayed financial transfer to Kurdistan.

Mar 11, 2023

Iraq explores new partners for Nahr Bin Omar gas project

The Cabinet has authorized negotiations for a project to build 300 million scf/d of associated gas processing capacity at the Basra field.

Mar 9, 2023

Iraq replaces head of oil marketing company

Ammar Abdal al-Anbagi has taken over as the new director general of SOMO, ending the five-year tenure of Alaa al-Yassiri.

Mar 9, 2023

Oil Ministry eases Kurdistan blacklist pressure

The Sudani administration appears to be turning a blind eye to the blacklist policy enacted by the previous government against KRG oil sector companies.

Mar 2, 2023

Fiscal, technical, and political challenges crimp KRG oil output

Oil companies warn of further production declines as Kurdistan's payment problems discourage investment.