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)

Sep 19, 2022

Weatherford pledges to obey Baghdad’s blacklist and exit Kurdistan

The U.S. company joins a growing list of blue-chip oil services firms bowing to the Oil Ministry's pressure campaign against the KRG energy sector.

Sep 16, 2022

UPDATE: Partial restart at major export terminal as details of damage emerge

Iraq’s Al-Basra Oil Terminal has restarted at reduced capacity after it went offline early Friday due to leaks.

Sep 14, 2022

August production edges higher

Nationwide production topped 4.7 million bpd for the second straight month — the highest output since 2019.

Sep 12, 2022

IOCs double down on Kurdistan despite legal threats

Foreign companies are putting more money into Kurdistan oil fields — and projecting increased production — despite Baghdad's legal campaign against the KRG oil sector.

Sep 8, 2022

Iraq’s oil exports decline as northern sales slump

Exports fell for the second straight month despite elevated OPEC-plus output targets.

Aug 30, 2022

UPDATE: Civil unrest raises risks for oil sector

As political crisis and escalating violence threaten the stability of the state, followers of Sadr have also started protests at some oil fields.

Aug 25, 2022

Iraq pursues solar power goals, but hurdles remain

Solar could give a game-changing boost to Iraq's electricity supply and budget, but outdated policy, rigid bureaucracy, and political dysfunction stand in the way.

Aug 25, 2022

UPDATE: Baghdad issues new legal threats to block Kurdistan exports

Letter from Iraq's oil marketing company warns of "firm legal action" against participants in the KRG's independent oil trade.

Aug 23, 2022

Kurdistan appeals Baghdad ruling against IOCs

Entering the legal fray as a third party, the KRG is appealing a Baghdad court’s July decision to invalidate four oil contracts.

Aug 18, 2022

July crude output rises by 100,000 bpd

Production increased sharply at key southern fields but infrastructure bottlenecks still limit Iraq's ability to take advantage of rising OPEC quotas.