A major upgrade for Basra's flagship refinery is coming online, promising to boost high-octane gasoline supplies.

Urgent austerity plan aims to cut $1.4 billion from oil field budgets nationwide in 2026 without affecting production — a ...

Nationwide output increased year-on-year as Iraq's domestic refineries continued providing an elastic and expanding source of ...

Rising threats to Iran's regime have the potential to weaken Tehran's influence in Baghdad and disrupt cross-border trade and ...

Baghdad, Erbil, and oil companies appear to be implementing some key terms of a three-way oil export and budget deal, but ongoing success is hardly assured. Oil tanks at Turkey's Mediterranean port of ...

BASRA - Iraq's federal government has long pushed to unify the country's oil sector under Baghdad's authority, while the Kurdistan Regional Government (KRG) has argued power should be decentralized ...

Nationwide crude export volumes increased slightly in 2025, but annual revenues fell by $14 billion due to weaker global prices. A worker stands at the al-Basra Oil Terminal (ABOT), one of Iraq's ...

BASRA - Oil Minister Hayyan Abdulghani has returned to his post after a prolonged health-related absence, which ignited an unresolved period of political jockeying to reshuffle parts of Iraq’s oil ...

OPEC-plus dynamics and the ongoing outage of Iraq's northern export pipeline continue to limit Iraqi oil exports, though revenues were steady year-on-year. A worker stands at the al-Basra Oil Terminal ...

Federal financial transfer signals political will to implement an agreement that could result in re-starting northern oil exports, though further hurdles remain. Iraqi Prime Minister Mohammed Shia ...

A Baghdad court has rejected a last-ditch effort by the federal Oil Ministry to invalidate the Kurdistan region's oil contracts, cementing a legal victory for oil companies and clearing one potential ...