Search the news

Economic Expert: SOMO Overcomes Strait of Hormuz Crisis via Flexible Tanker Strategy and Discounts

dijlahpoint - Economic expert Nabil Al-Marsoumi explained on Wednesday, September 2, 2026, that the increase in Iraq's crude oil exports to 2.340 million barrels per day reflects the success of "SOMO"...

Economic Data Indicates Severe Regional Impact Following Strait of Hormuz Closure

dijlahpoint - Economic data published in specialized reports revealed that the ongoing closure of the Strait of Hormuz has inflicted substantial economic strain on neighboring countries and internatio...

Basra Port Receives Nine Tankers in Preparation for Exporting Iraqi Oil

dijlahpoint - Informed sources reported on Thursday that the Basra Oil Terminal recorded the arrival of nine oil tankers in preparation for loading Iraqi oil for export to global markets. Five tankers...

International Expert: Gulf Navigation Crisis May Extend for a Year as Iraq Faces Challenges to Secure Financial Independence

An international energy expert downplayed reports of progress in regional negotiations, describing them as mere media claims. The expert emphasized that Tehran maintains strict conditions for reopenin...

Iraq's Ministry of Oil Releases Final Export and Revenue Figures for May and June

The Ministry of Oil released final figures for crude oil exports and generated revenues for May and June, based on data from the State Organization for Marketing of Oil (SOMO). Total exports of crude...

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...

Iraq Intensifies Negotiations with Turkey to Conclude a New Strategic Oil Agreement

The Ministry of Oil announced the formation of a joint supreme committee to manage negotiations with Turkey aimed at concluding a new agreement to regulate crude oil exports through Turkish territory,...

Iraq Considers Strategic Options to Secure Increased Production Quota Within OPEC

Responsible sources in the Iraqi Ministry of Oil revealed that Baghdad is studying all available options should it not secure a significant increase in its production quota within OPEC, to counter sev...

Reports Reveal Anticipated Understandings to Release Frozen Iranian Assets and Ease Energy Restrictions

Informed sources have revealed a draft of ongoing understandings encompassing comprehensive financial and economic clauses that could lead to the release of billions of dollars in frozen financial ass...

Reports of an Imminent US-Iran Agreement in Geneva to Lift Sanctions and Release Assets

Informed sources have revealed the potential for an upcoming agreement between the United States and Iran in Geneva, bringing together senior officials from both nations. The proposed draft agreement...

Iraq's 2026 Budget Faces Risk of Postponement Amid Financial Challenges and Geopolitical Tensions Affecting Exports

The fate of Iraq's federal financial budget for 2026 remains shrouded in ambiguity amid significant economic challenges facing the country and declining certainty regarding oil revenues. Parliamentary...

Amidst Regional Tensions: US Administration Praises Economic Indicators and Defends Strategic Decisions

The US President stated that recent economic indicators, including current inflation rates, are considered positive, following reports showing a rise in the Consumer Price Index. The President attribu...