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Energy

Iraq, BP advance in Kirkuk contract talks

A long-sought deal is getting high-level political attention, and some officials expect to clinch an initial contract in January.

Iraqi Oil Minister Hayyan Abdulghani (center) leads a meeting with senior Oil Ministry officials and BP executives in Baghdad on Jan. 9, 2025. (Photo credit: Oil Ministry)

Qayarah field resumes production

After more than a year offline, the Ninewa province heavy oil field is producing about 10,000 bpd, with output trucked to Kirkuk.

Cabinet files legal challenge to 2021 budget

Kadhimi's government is seeking to strike down budget provisions added by Parliament, including new financial rules for state-owned oil companies and fuel import taxes.