Energy

BP deal aims to revamp Kirkuk energy sector

Iraq is once again leveraging upstream development to finance gas and power projects.

Iraqi Prime Minister Mohammed Shia al-Sudani (standing, center), BP CEO Murray Auchincloss (standing, left), and Oil Minister Hayyan Abdulghan (standing, right) oversee the signing of a deal for BP to rehabilitate Kirkuk oil fields and build gas processing and power generation infrastructure at a ceremony in Baghdad on March 26, 2025. (Photo credit: Prime Minister's Office)

Oct 10, 2018

Iraq targets major Basra Gulf export expansion

To ensure its export infrastructure keeps pace with rising production, Iraq is pursuing plans for new subsea pipelines and an artificial island.

Oct 10, 2018

Q&A Ihsan Ismaael, Basra Oil Company director general

Ismaael talks about IOC and BOC oil production growth, projects to reduce gas flaring, and the status of crucial infrastructure development.

Oct 1, 2018

Oil revenues up despite slight export drop

Rising global oil prices give Iraq a boost despite slight decrease from Basra Gulf terminals.

Sep 27, 2018

Lawsuit imperils formation of Iraq National Oil Company

A major restructuring of Iraq’s oil sector appears to be delayed — and could possibly be derailed — by a legal challenge.

Sep 23, 2018

Iraq seeks sanctions waiver on vital Iran energy trade

Iraq depends on Iran for more than one-third of its power generation — a major sticking point as Washington prepares to re-impose sanctions.

Sep 21, 2018

Iraq poised to capitalize on OPEC supply drops

With more than 300,000 bpd of new capacity coming online this year, Iraq is well positioned to take market share as U.S. sanctions snap back on Iran.

Sep 17, 2018

Q&A: SOMO Director General Alaa al-Yassiri

Iraq's oil marketing chief discusses rising export capacity, OPEC dynamics, oil trading joint ventures, and the status of a nascent hedging program.

Sep 11, 2018

August production soars as Iraq grabs market share

For the second straight month, Iraq has increased production by more than 100,000 bpd as it unleashes latent capacity.

Sep 10, 2018

Baiji refinery begins its comeback

Despite ongoing violence, including a weekend pipeline bombing, the Baiji refinery's resumption of operations marks progress in Iraq's northern oil sector.

Sep 10, 2018

Baghdad-KRG oil rights case delayed again

Iraq's Federal Supreme Court is struggling to appoint impartial technical experts to help parse the arguments over the legality of Kurdistan's independent oil sector.