Energy

Iran reversal on Strait of Hormuz threatens Iraq’s nascent export restart

Iranian forces blocked a tanker carrying Iraqi crude, dampening hopes for a durable resumption of Iraq's southern exports.

The Agios Fanourios I tanker prepares to dock at a single point mooring buoy in the Basra Gulf in April 2026 for the first loading of crude from Iraq's southern export outlets in more than a month. (Photo credit: Ministry of Transportation)

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.

Aug 16, 2022

Armed protesters demand oil jobs, sparking deadly gunfire

A 19-year-old was killed at a demonstration near Kurdistan's Akri Bijeel oil field.

Aug 9, 2022

Public anger combusts at violent oil field protests

Sunday's clashes at the Halfaya field left 18 security officers injured — highlighting the volatile consequences of government paralysis amidst failing services and high unemployment.

Aug 9, 2022

Oil Ministry puts Gazprom, Dana Gas in legal crosshairs

Baghdad is expanding its campaign to invalidate Kurdistan's oil contracts, filing new cases against the Russian and Emirati companies.

Aug 8, 2022

July oil exports slightly down

Iraq's crude sales receded in July as seasonal demand spikes fueled domestic consumption and quality issues hurt the marketing of Basra Heavy.

Aug 3, 2022

Political upheaval in Baghdad reverberates across oil sector

In the increasingly chaotic struggle to form a new government, Iraq's oil sector has been both a political battleground and a victim of dysfunctional governance.

Aug 2, 2022

KRG shifts legal tactics as Baghdad court delays further rulings

Oil Ministry lawsuits against three IOCs operating in Kurdistan remain undecided as a KRG lawyer asks to join the proceedings as a third party.

Aug 1, 2022

Iraq enforces KRG blacklist policy against four oil service companies

Weatherford and three other companies with subcontracts in Kurdistan are barred from work in southern Iraq, as Baghdad continues campaign to reverse KRG oil sector independence.