Iraq-Iran fuel oil barter deal pays down debt backlog

Iraq has been transferring large volumes of high-sulfur fuel oil to Iranian traders in a deal to help resolve energy import debts.

Ihsan Al-Awadi, Chief of Staff to the Iraqi Prime Minister (right) and Mohammad Kazem Al Sadeq, Iranian Ambassador to Iraq, sign an agreement to swap Iraqi oil for Iranian gas supplies on July 11, 2023. (Iraqi Prime Minister's Media Office)

Energy

Iraqi oil output falls again in November

Maintenance operations at Iraq's largest fields are bringing production down as the Oil Ministry continues to cut amidst OPEC-plus pressure.

Politics

Baghdad court rejects Oil Ministry effort to invalidate KRG oil contracts

The Karkh Court of Appeals has denied an Oil Ministry appeal and reversed a series of 2022 rulings that declared several KRG oil contracts void.

Security

Iraq braces for change after Syria upheaval

Leaders across the political spectrum in Baghdad foresee new security threats, shifting political dynamics, and impacts on energy trade.

Interviews

Q&A: Jassim Kamel Marzouq, director of the Khor al-Zubair port

As Iraq’s fuel trade increases, a central hub for fuel exports and imports is expanding.