Energy

Oil Ministry slashes upstream spending for 2026

Urgent austerity plan aims to cut $1.4 billion from oil field budgets nationwide in 2026 without affecting production — a warning sign of fiscal trouble for Iraq.

Oil Minister Hayyan Abdulghani (center left) and Deputy Oil Minister for Upstream Bassim Mohammed Khdair (center right) meet with Zaid Elyaseri (far left), the president of BP Iraq, in Baghdad on Jan. 26, 2026, to discuss the company's upstream plans and project expenses. (Photo credit: Oil Ministry)

Dec 1, 2022

Q&A: Bafel Talabani, President of the Patriotic Union of Kurdistan

The PUK leader discusses deteriorating political rivalries within Kurdistan and their impact on both gas development and impending negotiations with Baghdad over oil rights.

Nov 18, 2022

Widening divide between Kurdistan’s ruling parties raises new risks

Leaders are openly discussing the dissolution of a strategic agreement for united governance that has underpinned Kurdistan's stability and oil sector independence.

Nov 16, 2022

Oil production steady as new PM urges review of OPEC quota

October oil output stayed near Iraq's high-water mark for the year as the newly elected prime minister expressed support for OPEC-plus but criticism of Iraq's quota.

Nov 13, 2022

Smuggling bust unravels into scandal of murder and political intrigue

An oil smuggling ring was stealing thousands of barrels per day from a pipeline in Basra. The true contours of the conspiracy remain a mystery.

Nov 3, 2022

October oil exports and revenues rise

Nationwide exports increased by 36,000 bpd in October, but imminent OPEC-plus cuts could crimp sales in November.

Nov 2, 2022

China positioned to thrive under Iraq’s new government

For the past year an ostensibly grassroots movement with ties to Iran-aligned parties has laid political groundwork for Iraq to embrace China’s Belt and Road Initiative.

Oct 31, 2022

Q&A: Ali Qays Abdul-Jabbar, Director of the Iraqi Oil Tankers Company

Iraq’s State Oil Tankers Company hopes to rebuild its fleet to take on crude oil exports and match its Gulf peers.

Oct 27, 2022

UPDATE: Hayan Abdulghani confirmed to lead Oil Ministry as Sudani takes power

Mohammed Shia al-Sudani formed a government and took office as prime minister, providing initial details on his program for Iraq's energy sector.

Oct 26, 2022

Q&A: Hussein Abdul-Kadhim, Zubair field operations director

Oil production at Zubair is being ramped up towards a targeted 700,000 bpd within five years, but that goal will require more water injection than is currently available.

Oct 25, 2022

CORRECTED: Baghdad court annuls three more KRG contracts

Kurdistan's contracts with Addax, ShaMaran, and Gulf Keystone have been ruled invalid; cases against Dana Gas and Gazprom Neft are ongoing.