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Energy

Southern export uptick unlocks production gains

A partial resumption in tanker traffic has enabled at least 250,000 bpd in increased oil output, but a full recovery still depends on wartime dynamics outside Iraq’s control.
Workers from Iraq's Oil Pipelines Company perform maintenance work on a gas pipeline feeding the Mansuriya power station in June 2026. (Photo credit: Oil Pipelines Company)

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.

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.

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.

Iraq hikes production in May

Despite an OPEC quota, output is rebounding at Basra fields and new capacity continues to come online.