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Energy

Kurdistan crude export deadlock persists

Hard-liners in Baghdad appear to be rejecting compromise with oil companies in negotiations to reopen the northern pipeline to Turkey.

Iraqi Prime Minsiter Mohammed Shia al-Sudani (center) and Oil Minister Hayyan Abdulghani (left) visit a project to install a gas pipeline to feed the Bismayah power station on April 3, 2025. (Photo credit: Oil Ministry)

UPDATE: Exports rise on Basra boost

The overhaul in Iraq's blending and marketing of southern crude helped raise southern exports and compensate for a dip in northern exports hampered by political disputes.

West Qurna 1 budget slashed by $500 million

Iraq has cut the annual budget of its second-most-prolific oil project by nearly 50 percent, as part of a broader effort to reduce oil field development costs in response to a financial crisis.

North Oil Company leader assassinated

A senior official at the state-run North Oil Company, who was last year put forward to be the next director general, was assassinated as he left work on Sunday.