Energy

Iraq seeks backup export options as Basra loadings falter

Cabinet orders emergency package for boosting oil sales after dropping to a multi-decade low in May.

Iraqi Prime Minister Ali al-Zaidi (center right), Oil Minister Bassim Mohammed Khudair (far left), and Foreign Minister Fuad Hussein (second from left) confer at a Cabinet meeting in Baghdad on June 2, 2026. (Photo credit: Oil Ministry)

Oct 25, 2018

Adil Abd al-Mahdi takes power as government begins to form

Parliament has officially confirmed the new prime minister and a majority of his Cabinet, although key posts, including defense and interior ministers, are unresolved.

Oct 25, 2018

Ministry awards Nassiriya refinery to Canadian firm

Pacific Future Energy reaches deal to build 150,000 bpd refinery.

Oct 24, 2018

UPDATE: Thamir Ghadhban confirmed as Iraq’s new oil minister

The widely respected technocrat will serve as both deputy prime minister for energy and oil minister in Adil Abd al-Mahdi's new government.

Oct 18, 2018

Revived Qayarah production feeds exports

Crude from the Sonangol-operated field south of Mosul is being trucked to market via the Khor al-Zubair port in Basra.

Oct 18, 2018

Iraq ramps up gas supply after years of delay

New gas production could help Iraq improve electricity service while weaning itself from Iranian energy imports.

Oct 16, 2018

Production growth continues through September

Three months after OPEC began relaxing production quotas, Iraq is continuing to grab market share.

Oct 10, 2018

Luiebi named head of new national oil company

Cabinet names sitting oil minister as INOC president in special decision, Oil Ministry spokesperson says.

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.