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Energy

Summer crisis looms as wartime disruptions hit Iraq’s power sector

Iraq's electricity grid has survived a drop in domestic gas feedstock by employing backup measures that are unlikely to meet the challenges of summertime demand spikes.
Workers from Iraq's State Company for Oil Projects install a pipeline to help transport gas from the Nahr Bin Omar field to the Basra Gas Company's NGL processing plant at North Rumaila in April 2026. (Photo credit: SCOP)

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.