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Iraq Oil Revenue Dependence Remains Strong Despite Rising Budget Pressure

Iraq oil revenue dependence continued to shape the country's financial performance during the first four months of 2026. Newly released government accounts showed that...

Oil Market Watches Strait of Hormuz Reopening as Prices Slip

Oil prices continued to move lower on Tuesday as traders assessed the chances of a Strait of Hormuz reopening and examined the early stages of a...

Baghdad and Erbil Move Toward Oil Export Restart After Landmark Deal

Iraq’s energy negotiations advanced this week as officials reported a Kurdistan oil export breakthrough deal shaping progress in long-stalled talks. The Kurdistan oil export breakthrough deal emerged during...

Iraq Reports Growing Budget Gap as Oil Reliance Persists

Iraq fiscal deficit 2026 widened during first four months of 2026 in Iraq, recorded in official data reportedly. Finance data shows a widening gap...

Massive $10.2B Gas Plan Set to Reshape Iraq’s Energy Landscape

Pearl Petroleum has unveiled a major Kurdistan gas expansion investment that could reshape Iraq’s energy landscape. The company says the plan will significantly boost gas production...

Baghdad and Erbil Strengthen Security Plan for Kurdistan Oil Facilities

Iraq’s federal government and the Kurdistan Regional Government have agreed on new measures to enhance security around energy infrastructure in northern Iraq. The move...

Iraq Fuel Import Decline Signals Growing Refining Strength

Iraq fuel import decline became more evident during the first three months of 2026, according to newly released figures from the country's Oil Marketing...

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