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Energy

March production drops steeply

A perfect storm of factors — OPEC cuts, bad weather in the Basra Gulf, and flooding — caused Iraq’s output to fall by more than 4 percent.

Oil Ministry bars Petrofac from gas project

After a former Petrofac executive pled guilty to paying bribes in Iraq and Saudi Arabia, the Oil Ministry has ordered an end to negotiations over the Ratawi gas hub.

Hadi al-Amiri appointed “czar” of Basra

The prime minister has tapped Amiri - the paramilitary commander-turned-political maverick - to coordinate an array of urgent initiatives in Iraq's oil capital.

Basra export outages dent March oil sales

With production already constrained by OPEC cuts, Iraq's exports dipped even further as three days of bad weather disrupted Basra Gulf tanker loadings.