44.9 C
Iraq
Sunday, September 6, 2026
HomeEnergy

Energy

Iraq’s Oil Exports Surge 73% as Hormuz Disruption Eases

Iraqi oil exports surged in August as traders found new ways around shipping disruptions. Iraqi oil exports reached about 2.34 million barrels per day, according to...

Iraq’s 10 Million-Barrel Oil Target Faces Major Challenges

Iraq aims to increase crude production to nearly 10 million barrels per day by 2030. However, the Iraq 10 million bpd oil target faces financial, technical,...

Iraqi Drilling Company Completes 4,152m Horizontal Well in East Baghdad

Iraqi Drilling Company has completed drilling a 4,152-meter horizontal oil well in the South East Baghdad field. The state-owned company announced the achievement on Wednesday,...

Iraq Sets Ambitious 2030 Target to Raise Oil Output to 10 Million Bpd

Iraq oil production could rise sharply under a new government plan targeting 10 million barrels per day by 2030. Prime Minister Ali al-Zaidi called for...

Oil Prices Hit $95 as US-Iran Strikes Deepen Supply Fears

Oil prices climbed further on Wednesday as fresh U.S.-Iran military strikes increased concerns about global supply. Brent crude rose 75 cents, or 0.8%, to $95.40...

Iraq Considers Oil-Backed US Loan to Ease Growing Liquidity Pressure

Iraq’s oil-backed loan plan could provide the government with emergency financing as cash pressures grow. Baghdad is preparing to approach US banking institutions about a...

Basrah Crude Prices Jump More Than 7% as Global Oil Markets Recover

Oil prices pushed higher on Tuesday, lifting Iraq’s Basrah crude grades sharply during early trading. Basrah Heavy gained nearly 8%, while Basrah Medium also posted...

Must read