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Energy

Iraq oil output hits new multi-decade low

A trickle of tanker loadings points to an emerging wartime export cadence that has forced over two-thirds of Iraq's production offline.
Personnel from the state-run Iraqi Drilling Company (IDC) operate a drilling rig at the Zubair field in Basra in April 2026. (Photo credit: IDC)

Iraqi oil sector weathers Iran conflict

Production and exports have not suffered major interruptions so far, but exodus of foreign oil workers and border closures highlight risks of disruption.

New leadership for South Gas Company

Ali Salman Majeed is named interim head of the state company responsible for boosting domestic gas supply and ending flaring in southern Iraq.