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Energy

Iraqi production declines in February on Rumaila accident

Nationwide output fell by about 60,000 bpd, but appears set to rebound as Iraq's most prolific field recovers from a damaging fire.

Iraqi Oil Minister Hayyan Abdulghani (center left, red tie) visits the Rumaila oil field on March 2, 2025. (Photo credit: Oil Ministry)

Export pipeline to Turkey restarts

Iraq’s oil export pipeline to Ceyhan restarted early on Aug. 5 after more than a week offline due to technical problems and sabotage.

Head of North Oil Company removed

Director General Sameer al-Taie's dismissal comes amidst a corruption investigation, and following the assassination of a candidate to replace him.

KRG to tender three new refineries

The new projects could bring 150,000 bpd of new refining capacity and help push the KRG from subsidies to market-based fuel pricing.

New chief for state drilling firm

Basim Mohammed Khudair, a senior South Oil Company (SOC) official, has been named acting director general of the Iraqi Drilling Company (IDC).