Smugglers are exploiting a growing margin between government-subsidized fuel and market prices in an illicit trade that is squeezing Iraq's fuel supply and costing the government billions.
The second largest state oil firm is targeting an increase in oil production to 1 million bpd through expansion of existing facilities and developing new fields in Missan province.
An explosion Sunday night in the vicinity of a pumping station highlights potential vulnerabilities of key energy infrastructure.
Just three weeks after Iranian ballistic missiles destroyed the house of the head of KAR Group, a rocket attack appeared to target the company's refinery complex.
A politician, tribal sheikh, and paramilitary leader, Salihi says Basra deserves a larger portion of federal oil revenue and increased support for its agriculture sector.
Revenues surged due to spiking global prices, but exports dipped as infrastructure delays threaten to constrain oil sales going forward.
Iraq's top oil leader discusses implementation of a mega-deal with TotalEnergies, ExxonMobil's exit, and the aftermath of a landmark court ruling on Kurdistan's oil sector.
To implement a landmark Federal Supreme Court decision, the Oil Ministry proposes steps to begin federal oversight of KRG oil and gas operations. Kurdish leaders remain defiant.
After years of failure to develop sufficient domestic energy supplies, Iraq still depends on unreliable imports from Iran that require special exemptions from U.S. sanctions.
Iraq remains ready to expand production pending OPEC-plus allowances and ongoing field maintenance.
