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Energy

Iraq seeks backup export options as Basra loadings falter

Cabinet orders emergency package for boosting oil sales after dropping to a multi-decade low in May.
Iraqi Prime Minister Ali al-Zaidi (center right), Oil Minister Bassim Mohammed Khudair (far left), and Foreign Minister Fuad Hussein (second from left) confer at a Cabinet meeting in Baghdad on June 2, 2026. (Photo credit: Oil Ministry)

Iraq restarts Qayarah oil field

China’s UNIPEC has bought the first 1 million barrels of heavy crude to be exported from Basra's Khor al-Zubair port.

Halfaya gas capture project makes progress

New infrastructure will process 300 million scf/d of associated gas by mid-2024, decreasing the wasteful practice of flaring and increasing feedstock for power generation.

Delays threaten Iraq’s solar ambitions

Norway's Scatec has pulled out of what was once touted as a trailblazing solar project, highlighting the Sudani administration's challenges in reviving momentum on renewable power.