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Iraq Boosts Electricity Production Beyond 28,000 Megawatts

Iraq boosts electricity production beyond 28,000 megawatts as the country continues major energy expansion efforts. The Ministry of Electricity works hard to strengthen the...

BP to Redevelop Kirkuk’s ‘Dream Field’ in Major Energy Push

BP signed a strategic partnership with Iraq’s North Oil and North Gas companies to redevelop Kirkuk oil fields and gas facilities. The move marks...

Iraq’s Oil Exports to the US Drop Sharply in September

Iraq’s oil exports to the United States fell sharply in September, according to the US Energy Information Administration (EIA). Shipments totaled 4.200 million barrels,...

Basrah Crude Prices Drop Over 7% As Global Oil Market Weakens

Basrah crude prices dropped sharply this week as global oil markets faced significant pressure. Both Basrah Heavy and Basrah Medium grades recorded losses exceeding...

Oil Prices Drop 8% as OPEC Supply Plans Threaten Market Balance

Oil prices fell sharply in oil market this week as expectations of higher OPEC+ production fueled concerns about oversupply. Brent crude closed at $64.53...

Basrah crude prices drop despite global rise

Basrah crude prices fell, sharply diverging from the upward trend in global benchmarks. The decline underscored ongoing challenges for Iraq’s vital oil exports, even...

Iraq, Turkey Discuss Oil Agreement and Refineries

Turkey proposed a new oil agreement with Iraq. The plan could expand refinery projects in northern Iraq. The draft includes four refineries with limited...

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