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)

Dec 15, 2023

Q&A: Marfaa Kadhim al-Asadi, deputy director of Basra Gas Company

Iraq's marquee initiative to reduce gas flaring is expanding, though uncertainties remain around gas supply.

Dec 7, 2023

Oil exports and revenues slump in November

Export volumes are expected to slide further as Iraq makes new OPEC-plus commitment to support prices with reduced output.

Dec 1, 2023

Q&A: Salman Hadar Salman, Deputy Director General of the South Refineries Company

The expansion of Iraq's largest refinery promises to reduce the country’s fuel imports and enable jet fuel exports.

Nov 29, 2023

Iraq explores carbon credits to reduce gas flaring

A pilot project at the East Baghdad oil field cluster aims to use carbon credits to finance infrastructure to capture gas and reduce Iraq's carbon footprint.

Nov 28, 2023

New leader for Midland Oil Company

Mohammed Yassin Hassan al-Obaidi has been appointed acting director general in a leadership reshuffle at Iraq's smallest state-run oil company.

Nov 17, 2023

Iraq approves sale of Inpex stake in Eridu oil field discovery

Japanese firm is set to sell its minority share in the Lukoil-operated project as the start of commercial production approaches.

Nov 14, 2023

Baghdad-Erbil oil diplomacy raises hopes for pipeline progress

High-level meetings involving Baghdad and Erbil leaders and oil company representatives aim for deals needed to restart northern pipeline exports.

Nov 10, 2023

ExxonMobil finalizes deal to exit West Qurna 1

The American super-major will sell its last remaining upstream asset in Iraq to the state-run Basra Oil Company, resolving a years-long conflict over the terms of its exit.

Nov 8, 2023

With new pipeline work, Baghdad moves toward purchase of Khor Mor gas

The consortium operating Kurdistan's most prolific gas field is negotiating a potentially paradigm-shifting deal to sell directly to Baghdad.

Nov 3, 2023

October exports hit 8-month high

The northern export pipeline was offline for a seventh straight month, but Iraq has now compensated for about half the lost volumes with increased oil sales via southern outlets.