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BP’s Development of Kirkuk Oil Fields Strengthens Iraq’s Financial Resources

Iraq’s Oil Minister, Hayan Abdul-Ghani, announced that the agreement with British Petroleum (BP) to develop four oil fields in Kirkuk will significantly strengthen the...

Iraq to Boost Samawah Refinery Capacity to 100,000 Barrels per Day

Iraq announced plans to expand the Samawah refinery capacity output to 100,000 barrels per day as part of its national strategy to enhance refining...

Iraq Expands Renewable Energy with New Solar Projects in Kirkuk

Iraq has taken a major step toward cleaner energy as Kirkuk authorities approved several sites for new solar power plants. This decision supports the...

Excelerate Energy Signs Floating Gas Platform Deal in Iraq

Iraq has taken a major step to secure its energy future by signing a contract with U.S.-based Excelerate Energy. The deal will build a floating storage...

Iraq Negotiates with OPEC to Increase Oil Production Quota

Iraq is negotiating with OPEC+ over its oil production quota, aiming to secure a higher limit that aligns with the country’s available capacity. Oil Minister Hayan Abdul-Ghani said...

Basrah Crude Prices Decline as Global Oil Market Weakens

Basrah crude prices declined, mirroring the downturn in global oil markets as traders reacted to softening demand signals and persistent supply concerns. Both Basrah Heavy and Basrah...

Iraq’s Oil Exports Reach $6.96 Billion in September

Iraq Ministry of Oil announced the final oil export figures for September, confirming stable crude sales and steady market performance despite global price volatility....

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