Energy

Iraqi production rises in 2025 as OPEC-plus eases quotas

Nationwide output increased year-on-year as Iraq's domestic refineries continued providing an elastic and expanding source of demand.

Iraqi Prime Minister Mohammed Shia al-Sudani speaks at an opening ceremony for the Karbala refinery on April 1, 2023. (Photo credit: Prime Minister's Office)

Feb 7, 2023

Northern crude exports resume after earthquake outage

More than 400,000 bpd of crude exports are back online after Turkish authorities determined there was no major damage to the pipeline to Ceyhan.

Feb 7, 2023

Northern oil export pipeline offline after massive earthquake

Precautionary outage is expected to be temporary as Turkish authorities work to confirm pipelines, pumping stations, and export infrastructure were not damaged.

Feb 4, 2023

TotalEnergies reverses Iraq exit decision, reviving hope for mega-deal

"Goodwill gesture" keeps the door open to further negotiations ahead of a Feb. 15 deadline, but key points of contention still appear unresolved.

Feb 1, 2023

TotalEnergies starts Iraq exit as negotiations falter

The death of the $27 billion deal would represent a multi-year setback in Iraq’s efforts to boost production of oil, gas, and electricity.

Jan 31, 2023

Iraq-Turkey arbitration moves one step closer to final ruling

A draft ruling is pending approval by the International Court of Arbitration, with Kurdistan's oil independence potentially hanging in the balance.

Jan 29, 2023

Oil minister appoints new deputies and removes several DGs

Hayyan Abdulghani's leadership team is taking shape, with some high-profile promotions and departures.

Jan 26, 2023

Iraqi court strikes down Kurdistan budget transfers

Iraq's highest court ruled against stop-gap financial transfers seen as key confidence-building measures in a sputtering rapprochement between Baghdad and Erbil.

Jan 19, 2023

Iraqi oil production rebounds in 2022, but faces headwinds in 2023

Output recovered to nearly pre-pandemic levels, but OPEC-plus policy and infrastructure constraints could keep Iraq from making further production gains in the new year.

Jan 17, 2023

Oil Ministry announces refinery investment opportunities — but no policy overhaul

Iraq's legal and commercial frameworks have failed to clinch a major refinery investment deal for 15 years, but a new government is poised to try again.

Jan 16, 2023

Iraq rakes in record $115.7 billion in 2022 oil revenue

High global prices led to record annual oil revenues for both the federal government and the KRG.