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Energy

Nationwide refining capacity surges as Baiji ramps up

Iraq can now process over 1.5 million bpd of crude, as the country's largest refinery completes a decade-long comeback.
Iraqi Prime Minister Mohammed Shia al-Sudani (center) visits the Baiji refinery in August 2023 to announce projects to rehabilitate and expand the facility. (Photo credit: Prime Minister's Office)

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.

Hadi al-Amiri appointed “czar” of Basra

The prime minister has tapped Amiri - the paramilitary commander-turned-political maverick - to coordinate an array of urgent initiatives in Iraq's oil capital.