Iraq

Iraq Records More Than $23.6 Billion in Revenue During First Four Months of 2026 as Oil Continues to Dominate State Income

Baghdad, Iraq: Iraq’s financial revenues exceeded $23.6 billion during the first four months of 2026, according to the Ministry of Finance. The figures highlight...

OPEC+ Approves Fourth Consecutive Oil Output Increase as Iraq Receives Higher Production Quota for July

OPEC+ approved a fourth consecutive increase in oil production targets on Sunday, continuing efforts to gradually restore output despite ongoing disruptions linked to the...

Iraq Records More Than $23.6 Billion in Revenue During First Four Months of 2026 as Oil Continues to Dominate State Income

Baghdad, Iraq: Iraq’s financial revenues exceeded $23.6 billion during the first four months of 2026, according to the Ministry of Finance. The figures highlight...

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Iraq Records More Than $23.6 Billion in Revenue During First Four Months of 2026 as Oil Continues to Dominate State Income

Baghdad, Iraq: Iraq’s financial revenues exceeded $23.6 billion during the first four months of 2026, according to the Ministry of Finance. The figures highlight...

Iraq Targets One Million Barrels Per Day Through Turkey and Syria Export Routes

Iraq has activated strategic plans to increase crude oil exports through alternative routes in Turkey and Syria, aiming to reach one million barrels per...

OPEC+ Approves Fourth Consecutive Oil Output Increase as Iraq Receives Higher Production Quota for July

OPEC+ approved a fourth consecutive increase in oil production targets on Sunday, continuing efforts to gradually restore output despite ongoing disruptions linked to the...

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Iraq Oil Revenues Cross $6 Billion in December

Iraqi oil revenues exceeded $6 billion in December, confirming the sector’s central role in national income. Iraqi oil revenues benefited from strong export volumes...

Iraqi Crude Exports Surge to the US

Iraq’s crude oil exports to the United States have surged past 200,000 barrels per day (bpd), reflecting growing energy trade and stronger market ties....

Trump Targets Venezuela Oil Minerals After Iraq Lessons

US President Donald Trump has made it clear that Venezuela oil minerals are central to his administration’s latest foreign policy agenda. Following past interventions...

Mideast Contracts Lift Wood Regional Growth

Mideast contracts powered a strong year for Wood after the company secured more than one billion dollars in awards. The Aberdeen-based engineering and consulting...

The Oil Exports od Iraq to US Decline Amid Rising Global Imports

Iraq's oil exportsto the United States fell sharply last week, according to the US Energy Information Administration (EIA). This decline comes amid a rise...

WTI Prices Slip Near $58.50 as Iraq Oilfield Restores Output

WTI Price drifted lower to near $58.50 on Tuesday as Iraq resumed oil production at the West Qurna 2 field. The recovery eased supply...

Iraqi Firm Sells 20-Year-Old VLCC Amid Tanker Price Rebound

Iraq’s Jannat Alferdos Company for Oil Services completed a VLCC sale that signals a rebound in tanker values. The deal involved a 20-year-old vessel,...

Iraq Oil Exports Surge Sharply to United States

Iraq's Oil Exports to the United States rose sharply last week, reaching 435,000 barrels per day. This increase positions Iraq as the second-largest oil...

Iraq Invites US Energy Firms to Operate West Qurna-2 Amid Lukoil Sanctions

Iraq has invited US energy firms to operate West Qurna-2, signaling a strategic shift in the country’s oil sector. Moreover, the move follows sanctions...

Iraq Khor Mor Field Resumes Operations Restoring Gas Supply to Kurdistan Power Stations

Operations have resumed at Iraq’s Khor Mor Field, restoring gas transmission to regional power stations after a recent disruption. Consequently, residents in the Kurdistan...

Iraq Solar Energy Projects Aim to Cut Oil Dependence and Boost Sustainability

Iraq is accelerating its renewable-energy plans, raising the question of whether Iraq's solar energy projects can ease the country’s oil dependence. Caretaker Prime Minister Mohammed...

Clean Energy Project Powers Sheikh Wasan Village

The Rwanga Foundation’s Clean Energy initiative has successfully delivered 24-hour electricity to Sheikh Wasan village in Erbil province. The project marks a major milestone...