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 ...

Iraq approved a plan for its semi-autonomous Kurdish region to transfer oil to Baghdad, a step toward resuming exports that ...

A multibillion-dollar agreement signed with France's TotalEnergies could help resolve Iraq's longstanding electricity crisis, attract international investors and reduce its reliance on gas imports ...

The political crisis in Iraq is far from over. There is more violence to come, despite the withdrawal of protesters from Baghdad’s Green Zone earlier this week after two days of violence that ...

ERBIL, Kurdistan Region - The United States on Tuesday urged both Baghdad and Erbil to resolve their long-standing financial ...

The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in ...

Iraq is facing a growing electricity crisis as soaring summer temperatures coincide with the expiration of US sanctions waivers, cutting off critical gas imports from Iran, Iraq’s Shafaq news agency ...

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 ...

The negotiations are seen as key to resolving a long-running political and budgetary dispute that has strained ties between ...

Iraqis face worsening economy & security fears amid government failures. Citizens cite no real reforms, oil dependence ...

But that’s only if the parties implementing the agreement can overcome the endemic corruption and political instability that has undermined Iraq’s oil sector for more than two decades.