Iraq's oil sector faces a dual crisis: stalled negotiations with the KRG over exports, and warnings from parliament of a ...

By bnm Gulf bureau The foreign-calculated sums are stark. Iraq's budget deficit will more than double from 4.2% of GDP this ...

Iraqi Kurdistan is now experiencing a wider economic downturn, as the region’s limited private sector is also being affected by the salary crisis.

The U.S. warns Iraq over Iranian oil smuggling, threatening sanctions on SOMO and freezing $350M in revenue. Iraqi MPs plan to summon the Oil Minister amid fears of an economic crisis, as over 90% of ...

The hearing follows a growing scandal over reports that Iranian crude is being covertly blended into Iraq’s oil exports under ...

A worker checks the valve of an oil pipe at Al-Sheiba oil refinery in the southern Iraq city of Basra, April 17. The low oil price is affecting Iraq badly. A worker checks the valve of an oil pipe ...

The Gas Growth Integrated Project focuses on bolstering the country’s oil-rich but underdeveloped Basra province. TotalEnergies would take on a 45% stake in the Basra Oil Company, with Iraq ...

The political crisis in Iraq is far from over, ... and has the potential to mildly move markets as fears increase of threats to the oil industry in OPEC’s second-largest producer nation.

On the one hand, a senior oil and gas industry figure who works closely with Iran’s Petroleum Ministry exclusively told OilPrice.com last week, Iraq has repeatedly stressed to the U.S. that it ...

BAGHDAD (AP) — A multibillion-dollar agreement signed with France’s TotalEnergies could help resolve Iraq’s longstanding electricity crisis, attract international investors and reduce i… ...

FILE – Water buffaloes swim near the Nihran Bin Omar oil field north of Basra, Iraq, Wednesday, March 22, 2023. A multi-billion dollar agreement signed with France’s TotalEnergies could help ...

BAGHDAD (AP) — A multibillion-dollar agreement signed with France’s TotalEnergies could help resolve Iraq’s longstanding electricity crisis, attract international investors and reduce i… ...