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Iraq
Saturday, May 30, 2026

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Iraqi Ministry of Justice Settles $1 Billion Arbitration Dispute with German Company

The Iraqi Ministry of Justice announced on Tuesday that it successfully resolved a $1 billion arbitration dispute with a German company, AHG, concerning a...

Iraqi Oil Ministry Signs Deal with BP to Develop Kirkuk Oilfields

The Iraqi Ministry of Oil announced on Monday that it has signed a deal with British Petroleum (BP) to develop four oilfields in the...

US Dollar Exchange Rates Fall Slightly Against Iraqi Dinar

On Tuesday, the exchange rates of the US Dollar against the Iraqi Dinar edged lower in both Baghdad and Erbil markets. In Baghdad, the rates...

Basrah Crude Prices Rise Despite Global Oil Price Decline

On Tuesday, Basrah crude oil prices saw a slight increase, even as global oil prices experienced a downturn. Basrah Heavy crude rose by $0.20, reaching...

Oil Prices Decline Amid U.S. Recession Concerns and OPEC+ Supply Adjustments

Oil prices dropped for a second consecutive day on Tuesday, as mounting fears over a potential U.S. recession, the global economic impact of tariffs,...

Iraq Seeks Alternatives for Gas Imports Following U.S. End of Sanctions Waiver on Iranian Energy

Iraq is seeking to diversify its gas supply sources following the United States' decision to end a sanctions waiver that had allowed the country...

Kurdish Oil Producers Set Conditions for Resumption of Exports through Iraq-Türkiye Pipeline

On March 6, representatives from the Association of the Petroleum Industry of Kurdistan (APIKUR) met with officials from both the Government of Iraq (GoI)...

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