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Energy

Iraqi oil sales steady in August

Export levels were unchanged from July to August as authorities in Baghdad and Erbil continue talks to resume northern crude flows to Turkey.
Workers from the state-run Iraqi Drilling Company operate a rig at the West Qurna 1 oil field in Basra in August 2025. (Photo credit: IDC media office)

Iraq opens border blocks for new investment

Foreign oil companies are invited to propose contracts – though not production sharing – for eight exploration blocks on the borders with Iran and Kuwait, as well as one offshore exploration block.

Oil export plateau continues in June

Iraqi exports have remained steady since February - and well below capacity - as the government maintains its efforts to support an OPEC cut agreement.

UPDATE: Oil minister names new upstream deputy

Karim Hattab said he'll soon outline his exploration and production priorities as new deputy minister, following a seven-year stint in charge of the Oil Exploration Company.

Iraqi oil exports steady in May

Increased loadings from Basra Gulf help Iraq compensate for slight oil price slump and northern export decline.