Tag Archives: Iraq

The Iraqi Minister of Oil, Hayan Abdul-Ghani, highlighted on Monday the need to increase Iraq’s oil export outlets by developing projects that improve export capacity and allow greater flexibility in exceptional scenarios. Abdul-Ghani’s remarks took place during a meeting of the ministry’s Advisory Board, when he stressed the importance of …

The United States reduced its crude oil imports from Iraq last week, according to data released Sunday by the US Energy Information Administration (EIA). The EIA reported that US crude imports from Iraq averaged 183,000 barrels per day (bpd), a decline of 30,000 bpd from the previous week’s 213,000 bpd. …

On Saturday, Iraq’s Foreign Minister Fuad Hussein warned that global oil prices could surge to $300 per barrel if military tensions between Iran and Israel continue to escalate. The warning came during a phone call with his German counterpart, Foreign Minister Johann Wadephul, as the two discussed rising instability in …

OPEC’s second-largest oil producer, Iraq, aims to accelerate solar power development with at least 1,000 small-sized projects over the next three years, a senior government official has said. “Solar energy will be an essential part of the national energy mix by 2030,” Mazhar Mohammed Salih, advisor to the Iraqi Prime …

Iraq has filed a lawsuit against the United States over oil contracts between American companies and the Kurdistan Regional Government (KRG) in northern Iraq, escalating a constitutional dispute that has long threatened to destabilize the country’s energy sector, Reuters reported. According to Iraqi media, the lawsuit was filed on Monday …

Iraq ranked fourth among the top oil exporters to China in April 2025, China’s General Administration of Customs revealed on Sunday. The Administration noted that Iraq exported approximately 4.59 million metric tons of crude oil to China last month—equivalent to about 29.32 million barrels. Russia topped the list of oil-exporting …

While the federal government of Iraq welcomes cooperation with U.S. energy firms, Baghdad noted on Friday that direct deals with the semi-autonomous Kurdistan region violate the Iraqi constitution and need to go through the federal authorities with federal approval. Earlier this week, the Kurdistan Regional Government (KRG) in northern Iraq …

Oil prices fell more than $2 a barrel in early Asian trade on Monday as OPEC+ is set to further speed up oil output hikes, spurring concerns about more supply. Brent crude futures dropped $2.04 a barrel, or 3.33%, to $59.25 a barrel by 2240 GMT while U.S. West Texas …

Iraq’s crude and oil product exports fell by 110,000 barrels per day (bpd) from a year earlier to 3.7 million bpd in the first quarter of 2025, per data from Energy Research Unit cited by Shafaq News. The 3% drop in exports came as OPEC’s second-largest producer continues to restrict …

Iran’s Oil Minister Mohsen Paknejad arrived in Iraq on Monday at the invitation of his Iraqi counterpart. Upon arrival, Paknejad paid tribute to the memorial site of the martyrs General Qassem Soleimani and Abu Mahdi al-Muhandis. The Oil Minister’s visit to Baghdad will last two days, and he is scheduled …