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Excelerate Energy Signs Floating Gas Platform Deal in Iraq

Iraq has taken a major step to secure its energy future by signing a contract with U.S.-based Excelerate Energy. The deal will build a floating storage...

Iraq Negotiates with OPEC to Increase Oil Production Quota

Iraq is negotiating with OPEC+ over its oil production quota, aiming to secure a higher limit that aligns with the country’s available capacity. Oil Minister Hayan Abdul-Ghani said...

Basrah Crude Prices Decline as Global Oil Market Weakens

Basrah crude prices declined, mirroring the downturn in global oil markets as traders reacted to softening demand signals and persistent supply concerns. Both Basrah Heavy and Basrah...

Iraq’s Oil Exports Reach $6.96 Billion in September

Iraq Ministry of Oil announced the final oil export figures for September, confirming stable crude sales and steady market performance despite global price volatility....

Iraq and US Boost Energy Cooperation to Achieve Gas Self-Sufficiency by 2028

Iraq and the United States have strengthened their collaboration in the energy sector to support Iraq’s long-term goals of energy independence and infrastructure development. Prime...

Iraq Signs Deal with Excelerate Energy to Build Floating Gas Platform

Under the auspices of Prime Minister Mohammed Shia al-Sudani, Iraq signs a deal with US-based Excelerate Energy to build a floating natural gas platform....

Basrah Crude Prices Rise Despite Global Oil Decline

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...

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