Energy

Oil Ministry slashes upstream spending for 2026

Urgent austerity plan aims to cut $1.4 billion from oil field budgets nationwide in 2026 without affecting production — a warning sign of fiscal trouble for Iraq.

Oil Minister Hayyan Abdulghani (center left) and Deputy Oil Minister for Upstream Bassim Mohammed Khdair (center right) meet with Zaid Elyaseri (far left), the president of BP Iraq, in Baghdad on Jan. 26, 2026, to discuss the company's upstream plans and project expenses. (Photo credit: Oil Ministry)

May 16, 2019

Q&A: Shwan Aziz Saleh, Director General of Al-Barham Group

The 50,000 bpd Kirkuk refinery is set to produce more quantities of higher-quality gasoline and naphtha, thereby reducing the fuel oil that is exported.

May 16, 2019

Iraqi oil industry calm amidst U.S. warnings on Iran

As the U.S. evacuates diplomatic personnel, citing threats from Iran, Iraq's oil sector and its IOC partners maintain status quo.

May 10, 2019

Q&A: Hossam Hussein Wali, director general of the South Refineries Company

Iraq's largest refinery is set to expand by over 30 percent this year.

May 8, 2019

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.

May 8, 2019

Baghdad, KRG leaders reaffirm legal disputes over oil

Political leaders on both sides indicate their court battle is still on, but the proceedings are delayed, pending a revised pleading from the prime minister.

May 8, 2019

Q&A: Nick White, acting deputy GM of Rumaila

Rumaila produces one-third of Iraq's oil, and it's poised to grow — if it can get enough water and related infrastructure approved and in place.

May 7, 2019

Rumaila’s quest for water key to record production

Future growth at Iraq’s largest oil field hinges on unresolved plans for meeting the project’s massive demand for new water supplies.

May 2, 2019

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.

Apr 24, 2019

Q&A: Fatih Birol, head of the International Energy Agency

After spearheading a major new survey of Iraq’s energy sector, the IEA’s executive director previews his key insights and policy recommendations.

Apr 21, 2019

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.