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Energy

Iraqi wartime production cuts reach 3.6 million bpd

Iraq is navigating acute logistical and infrastructure challenges to maximize refinery consumption and exports while the Strait of Hormuz remains closed.
Workers from the state-run Iraqi Drilling Company (IDC) work on a well at the West Qurna 1 field in Basra in March 2026. (Photo credit: IDC)

Oil minister wants new INOC law

A major initiative to restructure Iraq's oil sector appears to be on hold as the new Cabinet prepares to re-draft the legal foundation of the Iraq National Oil Company.

Baghdad-KRG oil case delayed yet again

Dissatisfied with the work of three technical experts tasked with providing analysis, the Supreme Court postpones the six-year-old lawsuit until Dec. 9.