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Energy

Iraqi oil sector weathers Iran conflict

Production and exports have not suffered major interruptions so far, but exodus of foreign oil workers and border closures highlight risks of disruption.
Iraqi Oil Minister Hayyan Abdulghani (center left, red tie) visits the Rumaila oil field on March 2, 2025. (Photo credit: Oil Ministry)

KRG exports tick up in December

Kurdistan's fourth-quarter exports plummeted after Baghdad's takeover of Kirkuk-area fields, but independent oil sales have risen modestly due to recent production increases.

2018 budget faces opposition, delays

Kurdish, Sunni and Basrawi MPs are the most vocal critics of the draft budget, claiming inadequate revenue sharing despite slightly increased overall spending.

No easy solution for stranded Kirkuk crude

The Oil Ministry is considering a pipeline to link Kirkuk oil fields with domestic refineries, and issuing a tender for rebuilding the export pipeline to Turkey.