Politics

One week after the Cabinet decided to overhaul the economics of the refining sector, workers are protesting, managers are lobbying for alternatives, and the government has delayed implementation.

New measures could overhaul domestic crude and fuel sales and revamp exports in a bid for higher revenues and quicker access to cash.

Northern export volumes are set to rise after a three-way agreement between Baghdad, Erbil, and IOCs was extended to January 2027.

The first federal purchases of gas could open a key market for producers — and trigger contractual and political battles with the KRG.

A temporary agreement enables Iraq's northern exports to keep flowing but sets a 750,000 bpd expectation that will be difficult to meet.

A five-year contract with Halliburton targets 250,000 bpd from two Basra fields, while a Chevron-linked consortium wins approval to study Turkey and Syria export pipeline routes.

Baghdad and Ankara are pursuing a temporary deal to keep Iraq's only secondary oil export route operating past the July 27 expiration of the Iraq-Turkey Pipeline treaty.

Halliburton and HKN win Cabinet approval to develop two oil fields, as Baghdad signals momentum to push bigger American investments forward.

A second deputy oil minister has been ensnared in an expanding operation that has also taken down several MPs, with potential to reshape Iraq's political power balance.