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)

Nov 10, 2016

Kurdistan oil revenue rebounds despite export dip

Even with higher oil prices and advance payments from oil traders, revenues still fall short of KRG budget needs.

Nov 9, 2016

Q&A: NOC chief Farid al-Jadir

To raise output from its fields, the state-run North Oil Company needs to contend with a trifecta of security, financial, and political crises.

Nov 8, 2016

Iraqi Parliament starts oil corruption investigation

MPs begin looking into alleged bribery scheme following international media reports implicating former oil ministers.

Nov 7, 2016

Iraq pursues scaled-down water injection project

Oil minister tasks SOC with implementing long-delayed infrastructure project, necessary for Iraq to achieve future oil production gains.

Oct 28, 2016

Choking on oil fires, Qayarah strains to recover

After a scorched-earth retreat toward Mosul, IS militants leave behind a public health crisis and a population reeling from two years of brutality.

Oct 24, 2016

Iraq shops 12 new oil field contracts

Oil Ministry pursues negotiations with IOCs on new oil projects - a warning shot at OPEC members seeking to impose quotas.

Oct 7, 2016

Payback to oil traders cripples KRG’s finances

September oil sales increased by one-third, but net revenues fell again as trading houses recouped debts and did not make new loans.

Oct 2, 2016

Oil exports tick up in September, but revenue declined

Crude exports from southern Iraq ports increased month-on-month, with loadings further bolstered by new Kirkuk sales from Ceyhan as Baghdad-Erbil deal enters second month intact.

Sep 29, 2016

SOC takes Oxy stake in Zubair

South Oil Company takes the largest role to date for a state owned company in a technical service contract after Occidental Petroleum's exit.

Sep 26, 2016

KRG keeps producers waiting for pay

The autonomous Kurdistan region is struggling to keep its promises to IOCs, owing two months of payments to most oil producers in the region.