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 ...

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

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

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 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 ...

6 days Brazil Looking for $6.2 Billion From Its Oil Industry. 6 days Oil Prices Extend Gains on Supply Worry. ... Oil Crisis Forces Iraq To Ask Washington For Help By Simon Watkins - Aug 24, ...

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… ...

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 ...

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 ...