Iraq developed 113 oil wells in the first half of 2025 as it pushed ahead with plans to expand its crude output capacity by more than 50 percent. The developed wells include 27 newly drilled ...

The oil traders tell me the principal market for stolen crude is Basra, Iraq’s only access to the Gulf. Fadhila, the strongest Shi’a militia in the city, pretty much monopolizes the trade ...

Iraq is grappling with a natural gas shortage while simultaneously exploring new crude oil export markets. In recent weeks, Iraq has made headlines not only due to pressure from OPEC but also ...

His message: If we leave Iraq, Iraq will destabilize the Gulf, and a destabilized Gulf equals unstable oil prices. With oil bumping pushing past $120 a barrel, you can bet you could hear a pin ...

Iraq, one of the world's biggest oil producers, aims to boost its crude reserves to more than 160 billion barrels, Oil Minister Hayan Abdel Ghani said on Saturday.The minister's comment came during ...

Iraq's cabinet said on Tuesday it had ordered the semi-autonomous Kurdish region to immediately transfer its oil output to the country's state-run firm SOMO.

Iraq's oil embargo on exports from the semi-autonomous KRG is almost 2 years old. Hopes for a resumption oil flows have been buoyed by the Iraqi parliament’s approval last week of a budget ...

Chinese companies won bids to explore five Iraqi oil and gas fields on Saturday in a licensing round for hydrocarbon exploration that was primarily aimed at ramping up gas production for domestic use.

Iraq's decision to challenge a British proposal, backed by the United States, to overhaul U.N. sanctions against Baghdad caused oil prices to surge above $29 a barrel and created additional ...