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)

Oct 2, 2025

Iraqi exports trending up as Ceyhan loadings resume

Southern exports increased in September, and Iraq's nationwide oil sales are expected to climb further as the pipeline to Turkey reopens.

Sep 30, 2025

Analysis: Iraqi elections approach, with high stakes for energy sector

Political insiders weigh in on potential election outcomes and their implications for the country’s investment climate.

Sep 26, 2025

Iraq preps for northern exports after clinching tripartite oil deal

Test flows are expected to begin Saturday as Baghdad, Erbil, and IOCs reach agreement on cooperative pipeline exports via Turkey.

Sep 22, 2025

Kurdistan poised to restart pipeline exports

Baghdad, Erbil, and oil companies appear to have reached a three-way agreement to resume Kurdistan's oil exports under federal authority.

Sep 18, 2025

Iraq oil output rebounds in August

Production increased in August as OPEC-plus quotas continued to ease and fields in Iraqi Kurdistan recovered from drone attacks.

Sep 11, 2025

Deadly political divisions raise risks for Kurdistan

Rivalries between political leaders in Sulaimaniya have exploded into violence and undermined relations between Iraqi Kurdistan’s two ruling parties at a key political moment.

Sep 1, 2025

Iraqi oil sales steady in August

Export levels were unchanged from July to August as authorities in Baghdad and Erbil continue talks to resume northern crude flows to Turkey.

Aug 19, 2025

Baghdad reaffirms conditions for KRG budget support

Iraq's Cabinet said Tuesday that further payments are contingent on the KRG transferring most of its oil production and non-oil revenue to Baghdad.

Aug 8, 2025

Iraq takes action on illicit oil schemes

U.S. designation of a key oil sector logistics provider highlights sanctions risks, prompting Iraqi measures to combat corruption in fuel trading.

Aug 4, 2025

July exports rise as OPEC continues quota hikes

Iraqi oil sales increased in July, even as the fate of a deal to restart northern exports via Turkey remains uncertain.