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Energy

March production rises on Rumaila recovery

Iraq’s biggest oil field has recovered from a January fire, boosting nationwide output but posing a challenge to OPEC-plus quota compliance.
Workers from the state-run Iraqi Drilling Company work on a drilling rig at the East Baghdad oil field in April 2025. (Photo credit: Oil Ministry)

Hawrami poised to keep KRG oil portfolio

The architect of Kurdistan’s oil autonomy, Ashti Hawrami appears likely to continue as minister during the government's leadership transition.

Rockets hit multiple Basra oil sites

Katyusha rocket attacks hit facilities housing international oil companies, including Exxon, which had recently ordered foreign staff to return to Basra.

Optimism swells over giant Eridu discovery

Lukoil has upgraded an assessment of its Block 10 exploration results – the latest success stemming from a 2012 contract auction that was initially seen as lackluster.

Iraq hikes production in May

Despite an OPEC quota, output is rebounding at Basra fields and new capacity continues to come online.