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Energy

September oil production edges higher

Iraq's nationwide output rises slightly as OPEC-plus continues loosening quotas.
Workers from the state-run Iraqi Drilling Company operate a rig at the West Qurna 1 oil field in Basra in August 2025. (Photo credit: IDC media office)

Iraq signs 5-plus and 6th round contracts

Thirteen deals from the May licensing round were finalized and signed at a ceremony in Baghdad, as Chinese firms further expand their footprint in Iraq’s oil sector.