Nationwide crude export volumes increased slightly in 2025, but annual revenues fell by $14 billion due to weaker global prices.
The head of Iraq's signature gas processing project discusses efforts to secure the supplies needed to exploit BGC's expanded capacity.
The American company is emerging as the leading contender for the 480,000 bpd West Qurna 2 field as U.S. sanctions appear to be squeezing Lukoil out of Iraq.
Increasing pipeline flows to Turkey were offset in November by ongoing reductions in Basra Gulf exports following a deadly oil depot fire.
Baghdad, Erbil, and oil companies appear to be implementing some key terms of a three-way oil export and budget deal, but ongoing success is hardly assured.
At least one person is dead and several injured after security forces cracked down on unemployed truck drivers demanding work at the Lanaz refinery near Erbil.
Most of Kurdistan's power generation is offline after yet another attack on a key gas field, highlighting the Iraqi government’s failure to enforce the rule of law on powerful militant groups.
Nationwide crude output has risen steadily since May as the OPEC-plus group has relaxed quotas.
In an apparent attempt to avoid exposure to U.S. sanctions, the company that operates Kurdistan's export pipeline has reduced Rosneft to a 49 percent share.
There is no backup plan for operating the 480,000 bpd West Qurna-2 field, with some Iraqi officials worrying production might need to be cut within weeks.
