West Qurna 1, holding over 20 billion barrels of reserves, is a key asset in Iraq’s oil industry, with PetroChina now leading its development. ExxonMobil’s withdrawal from the Common Seawater Supply Project and other Iraqi […]
Defying earlier expectations of slowing growth, U.S. crude oil production has surged this year to extend America’s lead at the top of the ranking of the world’s biggest oil producers. In September, U.S. oil output […]
Update(1735ET): Israeli media is reporting that the United States is currently in talks to establish ‘safe zones’ in Gaza after it was widely reported that the IDF has been given the green light by the Netanyahu […]
Iraq is running out of water. It is the fifth most vulnerable nation to the impacts of climate change, according to the United Nations. Temperatures have risen by more than 2.5 degrees Celsius (4.5 degrees […]
At least six people have been killed in a suspected drone attack on an airport near the city of Sulaymaniyah in the semi-autonomous Kurdish region in northern Iraq, official sources have told Al Jazeera. Al […]
Western nations warned the shipping industry at the weekend of increased risks to vessels transiting the Strait of Hormuz in the Middle East. “As of now, the timeline remains at 72 hours” from Saturday, maritime […]
A recent barter deal under which Iraq agreed to supply Iran with crude oil and fuel oil in exchange for Iranian gas, points to Iraq’s frustration with US sanctions that make it difficult to pay […]
TotalEnergies signed four contracts with Iraq’s oil ministry on Monday that will allow it to finally start work on a $10 billion energy megaproject that it first agreed in 2021. CEO Patrick Pouyanne said he hoped the […]
BAGHDAD, July 10 (Reuters) – Iraq and French oil major TotalEnergies (TTEF.PA) on Monday signed a long-delayed $27 billion energy deal that aims to increase oil production and boost the country’s capacity to produce energy with four […]
Iraq’s parliament has approved a budget of 198.9 trillion dinars ($153bn) for 2023 that sets out record spending on a growing public wage bill and development projects to improve services and rebuild infrastructure ruined by […]
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