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Security

Akkas gas field falters despite increasing power needs

Even as wartime supply disruptions push Iraq toward a summertime electricity crisis, the Akkas gas field is producing at a fraction of its potential.
Representatives of the Iraqi Oil Ministry and the U.S. company SLB gather in Baghdad on July 22, 2025, for the signing of a contract for the development of the Akkas gas field. (Photo credit: Oil Ministry)

Iraq takes action on illicit oil schemes

U.S. designation of a key oil sector logistics provider highlights sanctions risks, prompting Iraqi measures to combat corruption in fuel trading.

Drones strike Kurdistan oil fields

Attack on HKN-operated Sarsang field coincides with the company's signing of a preliminary upstream deal with the federal Oil Ministry.

Iraqi oil sector weathers Iran conflict

Production and exports have not suffered major interruptions so far, but exodus of foreign oil workers and border closures highlight risks of disruption.