Energy

Drone strikes in northern Iraq caused major disruptions to oil output, triggering market concerns. As a result, oil prices rise weekly, supported by supply fears...

Despite a drop in global oil benchmarks, Basrah crude prices rise weekly and show continued resilience. This week, both Basrah Heavy and Basrah Medium recorded gains,...

In Iraq, Basrah crudes drop despite oil market rise and leave traders puzzled. Global oil prices climb higher. Yet Basrah crude oils slide lower. Basrah Heavy crude...

Iraq has started building a major oil refinery in Nineveh province, with a planned capacity of 70,000 barrels per day. Prime Minister Mohammed Shia...

Iraq continues to push forward with its energy strategy by growing its operations at the Zubair oilfield. The Iraqi Drilling Company (IDC) added a...

Kurdistan oil infrastructure under threat as the Kurdistan Regional Government’s Ministry of Natural Resourcesconfirmed. A drone attack on the Ain Safni oil field in Sheikhan, Duhok Governorate. U.S.-based Hunt Oil operates the field,...

Iraq’s power sector development advanced with the Iraqi Cabinet’s approval of a new contract to expand the Mansuriya gas power plant. A consortium led by GE Verona,...