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)

Apr 7, 2022

Rocket attack misses Kurdistan refinery complex but raises security concerns

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.

Apr 7, 2022

Q&A: Rafeeq Hashem al-Salihi, MP from Basra and member of the Fatah Alliance

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.

Apr 5, 2022

Record oil revenues near $11 billion in March

Revenues surged due to spiking global prices, but exports dipped as infrastructure delays threaten to constrain oil sales going forward.

Apr 1, 2022

Q&A: Ihsan Ismaael, Oil Minister and President of INOC

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.

Mar 31, 2022

Baghdad outlines plan for takeover of Kurdistan 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.

Mar 28, 2022

Iraq gets renewed 120-day U.S. waiver for Iranian energy imports

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.

Mar 23, 2022

Iraq’s oil production up 200,000 bpd in February

Iraq remains ready to expand production pending OPEC-plus allowances and ongoing field maintenance.

Mar 21, 2022

Export bottlenecks limit Iraq’s oil production potential

As OPEC-plus quotas lift, decades of infrastructure neglect have left Iraq poorly positioned to take advantage of prolific oil fields, high prices, and a market desperate for more crude.

Mar 18, 2022

Parliament vote signals uphill battle for Ismaael and INOC

A recent vote to remove the oil minister as the head of the Iraqi National Oil Company highlights political headwinds for Ihsan Ismaael's efforts to restructure the oil sector and maintain a foothold beyond the transition to a new government.

Mar 8, 2022

Uncertainty deepens after landmark ruling against Kurdistan’s oil sector

Baghdad and Erbil have vastly different strategies for responding to a ruling from Iraq's highest court that invalidated the legal foundations of Kurdistan's oil sector.