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)

Jul 13, 2022

Q&A: Bassem Abdul Karim Nassir, head of the Iraqi Drilling Company

Iraq's state company for drilling has idle rigs ready for more upstream development.

Jul 8, 2022

Kurdistan amends regional oil law, reviving Oil and Gas Council

New amendments give the KRG's ruling party control of the energy sector's main policymaking body, which had been dormant for more than two years.

Jul 6, 2022

Court postpones hearing on Gulf Keystone contract with KRG

Days after declaring four of Kurdistan's oil contracts to be invalid, Baghdad court schedules a hearing on three others for July 17.

Jul 4, 2022

Baghdad court declares four KRG oil contracts void

Secretive ruling marks escalation in Oil Ministry campaign to end Kurdistan's oil sector independence.

Jul 4, 2022

Baghdad court rejects Kurdistan’s delay tactics in lawsuit against IOCs

The Oil Ministry’s lawsuit against seven oil companies operating in Kurdistan gained momentum as a Baghdad judge moves toward reviewing contracts.

Jun 29, 2022

Halliburton pledges to obey blacklist policy against KRG oil sector

Three major U.S. oil services companies have now told the Oil Ministry they will comply with new restrictions stemming from February's landmark court ruling against Kurdistan.

Jun 28, 2022

Oil services companies bow to Baghdad blacklist

Oil Ministry pressure tactics are beginning to inflict pain in the wake of the Federal Supreme Court's landmark ruling against Kurdistan's energy sector.

Jun 28, 2022

Khor Mor expansion suspended after rocket attacks

Repeated attacks have halted a major U.S.-financed project to expand Kurdistan’s electricity feedstock and develop extra capacity toward potential, future gas exports to Europe.

Jun 25, 2022

Third attack hits Khor Mor gas field

The gas field providing feedstock for most of Kurdistan’s electricity has come under rocket or mortar fire three times in four days.

Jun 24, 2022

Khor Mor gas field attacked again

For the second time in three days, Kurdistan's lynchpin gas field came under attack, during a time of rising political tension in Baghdad.