Subscribe 

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)

Cabinet endorses SIIP negotiations with Exxon

The Cabinet threw political weight behind the Southern Iraq Integrated Project, injecting momentum into negotiations over a massive infrastructure deal that is critical to Iraq's production and export growth.

Exports steady in April

Iraq's oil sales are well below capacity due to OPEC cuts, but monthly revenues are trending upward along with global crude prices.

March production drops steeply

A perfect storm of factors — OPEC cuts, bad weather in the Basra Gulf, and flooding — caused Iraq’s output to fall by more than 4 percent.

Oil Ministry bars Petrofac from gas project

After a former Petrofac executive pled guilty to paying bribes in Iraq and Saudi Arabia, the Oil Ministry has ordered an end to negotiations over the Ratawi gas hub.