Energy

Iraq’s Basrah crude grades rose, even as global oil prices fell. Basrah Heavy gained 98 cents, or 1.51%, reaching $65.68 per barrel, while Basrah Medium added $1.68, or 2.55%, to $67.53 per barrel. Global oil benchmarks fell...

Iraq generated more than $48 billion in oil revenues during the first nine months of 2025, according to data released by the State Oil Marketing Organization (SOMO)....

Iraq is moving closer to completing a major regional energy initiative as Iraq’s electricity interconnection project with the Gulf States reaches approximately 93% completion of the first...

Iraq earned nearly $7 billion from oil exports in September, the Ministry of Oil reported. The country shipped more than 102 million barrels of...

Iraq’s Ministry of Industry and Minerals announced that it has established an integrated factory to manufacture solar panels. The new facility will produce 750...

Iraq is on the brink of achieving full self-sufficiency in gasoline production, Oil Minister Hayan Abdul Ghani announced. The milestone will come with the...

Iraq’s crude oil shipments to the United States rose sharply last week. The increase shows a strong rebound in trade. The US Energy Information...