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Iraq Expands Power Capacity with 48,000 MW Energy Project

Iraq is moving forward with an ambitious plan to transform its power sector. The Ministry of Electricity has begun a large-scale project to construct...

Basrah Crude Prices Rise Despite Global Oil Decline

Iraq’s Basrah crude oil prices inched higher even as global oil benchmarks fell. Basrah Heavy crude gained 3 cents, reaching $59.62 per barrel. Similarly,...

GE to Build Iraq’s Largest Gas-Fired Power Plant in Basra

Iraq’s Ministry of Electricity announced the signing of a contract to implement the Al-Faw Gas Power Plant in Basra. This facility will become the...

Basrah Crudes Slip for Third Week Amid Global Oil Price Drop

Iraq’s Basrah crude prices continued to decline for the third straight week, mirroring a broader downturn across global oil markets. The persistent slide reflects...

Iraq Leads in OPEC Oil Production Growth

Iraq continues to strengthen its position as a leading oil producer in OPEC, according to the organization’s latest report. The country produced 4.066 million...

Iraq’s Basrah Oil Prices Dip Despite Global Gains

Iraq’s Basrah crude prices fell despite steady gains in global oil markets. Basrah Heavy lost 85 cents, or 1.38%, closing at $60.84 per barrel....

Iraq Expands Energy Cooperation with Sweden’s Linxon

Iraq expands energy cooperation with Sweden’s Linxon to boost its power sector and attract more European investment. Prime Minister Mohammed Shia al-Sudani met with...

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