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Energy

Iraq begins nationwide production shutdowns

With exports halted by war, Iraq has limited options to keep fields operating and has begun taking millions of barrels of daily production offline.
Oil Minister Hayyan Abdulghani (center) meets with his deputies to plan for production cuts in anticipation of a shutdown in southern oil exports on March 2, 2026. (Photo credit: Oil Ministry)

BP revives quest for Kirkuk oil deal

A new memorandum of understanding signals a new phase in BP's decade-long pursuit of a deal to rehabilitate major oil fields in Kirkuk.