Energy

Iraqi oil production continues edging higher in October

Nationwide crude output has risen steadily since May as the OPEC-plus group has relaxed quotas.

A worker with the state-run Iraqi Drilling Company performs reclamation work at the West Qurna 1 oil field in Basra, in October 2025. (Photo credit: IDC)

Jul 9, 2019

Scrutiny mounts on Baghdad-KRG energy and revenue pacts

Spurred by perceived breaches of the 2019 budget law, MPs are targetting a swath of compromises and commercial deals aimed at bridging political gaps and increasing fuel and power supply to northern Iraq.

Jul 3, 2019

Iraq hits half-year oil revenue target

Exports dipped slightly in June, but strong global prices have helped Iraq meet its budget projections for oil sales so far this year.

Jun 28, 2019

Q&A: Thamir Ghadhban, Iraq’s Deputy Prime Minister for Energy and Minister of Oil

As Iraq pursues energy independence, the country's oil chief is streamlining the bureaucracy, crafting new investment incentives, and preparing to award mega-projects.

Jun 26, 2019

Senior Oil Ministry officials suspended over fight

Internal disputes spilled into public view as Oil Minister Thamir Ghadhban took disciplinary action against one of his deputy ministers and his security chief.

Jun 26, 2019

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.

Jun 19, 2019

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.

Jun 17, 2019

Federal lawsuit targeting Kurdistan oil exports delayed again

Supreme Court gives the Iraqi PM seven weeks to sign updated pleading documents.

Jun 14, 2019

Iraq receives new U.S. waiver for Iran energy imports

Three days before the expiration of a prior waiver, the U.S. has decided to continue to refrain from punishing Iraq for essential gas and power imports.

Jun 14, 2019

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.

Jun 13, 2019

Q&A: Ihsan Ismaael, director general of Basra Oil Company

Iraq's largest state oil company is expanding production capacity and building new infrastructure as it waits out an OPEC quota.