Iraq’s decision to stop importing petroleum derivatives will bring major economic benefits, according to Mudhhir Mohammed Saleh, financial advisor to Prime Minister Mohammed Shia...
Iraq’s Basrah crude prices fell, following a broad decline in global oil markets. Investors reacted to weaker demand, financial market volatility, and a stronger...
Crude oil prices fell as a stronger U.S. dollar and weak markets pressured commodities. Investors shifted toward safe-haven assets while reassessing the global supply...
Iraq has canceled three crude oil cargoes belonging to Russia’s Lukoil amid rising concerns about Western sanctions. The move underscores growing caution within Baghdad’s...
South Korea’s Hyundai Engineering & Construction (Hyundai E&C) has completed major construction work and started commissioning at Iraq’s Basra Refinery Upgrade Project. The company confirmed...
Iraq has officially halted all fuel imports after achieving full production self-reliance in gasoline, diesel, and kerosene. This marks a historic milestone in Iraq fuel...
