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Energy

Iraqi production declines in February on Rumaila accident

Nationwide output fell by about 60,000 bpd, but appears set to rebound as Iraq's most prolific field recovers from a damaging fire.

Iraqi Oil Minister Hayyan Abdulghani (center left, red tie) visits the Rumaila oil field on March 2, 2025. (Photo credit: Oil Ministry)

Parliament vote signals uphill battle for Ismaael and INOC

A recent vote to remove the oil minister as the head of the Iraqi National Oil Company highlights political headwinds for Ihsan Ismaael's efforts to restructure the oil sector and maintain a foothold beyond the transition to a new government.