Energy

Iraq terminates Akkas contract, drawing legal threats

Cabinet taps state-run Midland Oil Company as operator for fast-track gas field development with help from SLB, but contentious ouster of Ukrzemresurs could spark litigation.

Personnel from the Ukrainian company Ukrzemresurs pose in front of the Akk-1 well at the Akkas gas field after completing emergency maintenance work in the first quarter of 2025. (Photo credit: Ukrzemresurs)

Oct 18, 2024

Q&A: Ali Salman Majeed, deputy director general of South Gas Company

A top gas official discusses developments with TotalEnergies, Basra Gas Company, and other projects aiming to end flaring and produce enough products to expand exports.

Oct 8, 2024

Ali Maarij takes temporary leadership of Oil Ministry

The deputy minister has assumed acting authorities to run the ministry as Hayyan Abdulghani recovers from a health emergency.

Oct 4, 2024

September exports fall as Iraq claims OPEC quota compliance

Production cuts that started in August appear to be reflected in a 100,000 bpd reduction in September oil sales.

Sep 26, 2024

August production falls as Iraq initiates cuts

Renewed OPEC-plus pressure pushes Iraq to cut at least 100,000 bpd from state fields and accelerate maintenance plans at other projects in a bid to improve quota compliance.

Sep 23, 2024

Analysis: As cash flows from Baghdad, political risks deepen for Kurdistan and its oil sector

A new era of financial integration with Baghdad has provided the KRG with badly needed budget support while also exposing new levels of political vulnerability.

Sep 12, 2024

Election of new governor marks shift in Diyala power structures

Changing political and security dynamics have the potential to complicate burgeoning oil and gas development in the province.

Sep 9, 2024

Q&A: Hossam Hussein Wali, director general of the South Refineries Company

Southern Iraq's refining chief says the government will prioritize domestic supply as it moves to comply with OPEC-plus production caps.

Sep 6, 2024

August crude exports dip as OPEC-plus compliance pressure rises

Iraq posted its second-lowest monthly crude loadings of the year as it looks to address mounting pressure to adhere to OPEC-plus quota agreements.

Aug 28, 2024

Iraq leans on refining sector after major capacity expansion

Countrywide refining capacity has risen by 30 percent in two years, giving Iraq strategic flexibility in an era of pipeline outages and OPEC pressure.

Aug 21, 2024

Iraq production climbs higher in July

Rising output at the Majnoon field has driven significant production gains despite OPEC-plus pressure for Iraq to adhere to quotas.