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Ministry of Oil Announces Ambitious Strategy for Gas Self-Sufficiency and Export Route Diversification

Minister of Oil Basim Mohammed Khudhair revealed a comprehensive strategic plan aimed at completely ending associated gas flaring by the end of 2028, confirming that the development of major gas field...

High-Level Iraqi-Turkish Talks to Enhance Energy Cooperation and Resume Oil Exports

A high-level Iraqi delegation, comprising officials from the Ministries of Oil and Foreign Affairs, as well as representatives from the Kurdistan Region, held official talks in the Turkish capital, An...

Oil Price Fluctuations: Decline in Basra and Brent Crudes Amid Global Market Volatility

Global energy markets witnessed a noticeable divergence in crude oil trading prices, with Iraqi oil prices recording a decline in their market value. According to economic data, the price of medium Ba...

Basra Crude Prices See Significant Growth in Global Oil Trading

Iraqi oil prices have recorded a noticeable increase in global markets, with both medium and heavy Basra crude experiencing a significant rise in trading value per barrel. This surge occurs amid sligh...

Iranian Foreign Ministry: Regional Tension Caused by US-Israeli Aggression, Open to Diplomacy

The Iranian Foreign Ministry announced today, Friday (May 1, 2026), that Foreign Minister Abbas Araghchi conducted a series of calls with his counterparts in the region, including Turkey, Qatar, Saudi...

Washington Halts Dollar Shipments and Suspends Security Coordination with Baghdad

Informed sources reported on Monday (April 20, 2026) that the U.S. administration has decided to stop cash dollar shipments to Iraq and suspend funding for some Iraqi security institutions. The source...

IMF Spring Meetings Discuss Energy Crisis in Iraq

The spring meetings of the International Monetary Fund and the World Bank commenced in Washington with the participation of a high-level Iraqi delegation. Discussions focused on the repercussions of t...