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Energy

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.