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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)

February exports fall sharply

Oil sales are down by about 5 percent since January, as Iraq cuts production to comply with an OPEC agreement and diverts some crude flows to domestic refineries.

Inside the black heart of IS’s oil sector

On the Mosul outskirts, the IS group's Iraqi oil refining hub – recently seized by Iraqi forces – shows how the militants used savvy management to fuel their killing machine.

Rosneft signs landmark deal to buy KRG crude

In a sign that Kurdistan's oil sector is shedding some of its legal and political risk, KRG crude will now supply the refineries of Russia's largest oil company.