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Economy

Iraq and OPEC+ Members Reaffirm Commitment to Oil Production Adjustments

Iraq, along with seven OPEC+ member states, met virtually on Monday to review the state of the global oil market and its future prospects....

Iraq Oil Exports to the US Decline in 2024, Still Key to Global Energy Market

Iraq's crude oil and petroleum product exports to the United States totaled over 95 million barrels in 2024, marking a decrease from 115 million...

Iraq Pursues Energy Diversification to End Reliance on Iranian Imports by 2028

Iraq is taking decisive steps toward energy diversification to phase out its dependence on Iranian gas and electricity imports by 2028. This move aims...

Iraq Sets Record in Olive Oil Production in 2025

Iraq has reached a historic milestone in olive oil production, with 2025 marking its highest-ever output. The Ministry of Agriculture announced this achievement, highlighting...

Oil Prices Drop Amid Global Tariff Concerns and OPEC+ Output Increases

Oil prices experienced a decline on Monday as market concerns over U.S. import tariffs weighed heavily on global economic growth. Investors also grew wary...

US Ends Waiver Allowing Iraq to Buy Energy from Iran

The United States has decided not to renew a waiver that allowed Iraq to purchase electricity and gas from Iran, marking a significant shift...

Gold Prices Remain Stable in Baghdad and Erbil Markets

Gold prices remained stable in both Baghdad and Erbil on Saturday, March 8, 2025. According to Shafaq News Agency, the prices in both cities...

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