Iraq has forgiven $256 million in oil debt that Mozambique has owed it for decades, the southeast African nation’s finance ...

By John Lee. The Iraqi Ministry of Oil has announced plans to expand Maysan [Missan] Refinery by adding a new refining unit with a capacity of 70,000 barrels per day (bpd), increasing the refinery's ...

Hopes for a resumption oil flows have been buoyed by the Iraqi parliament’s approval last week of a budget amendment.

The Iraqi Ministry of Finance revealed on Monday that Iraq’s financial revenues during the first 11 months of 2024 exceeded ...

Iraq is planning to export at least 300,000 barrels a day of crude oil once operations resume at a pipeline from the ...

Iraq sits atop vast oil reserves but fails to fully exploit them, a former oil minister said Wednesday, criticizing the ...

The Kurdistan Regional Government (KRG) on Wednesday instructed its natural resource ministry to coordinate with oil ...

Iraq aims to turn 40 percent of its oil output into manufacturing industries by 2030 in an attempt to improve its financial ...

Iraq’s parliament on Sunday approved a budget amendment to subsidise production costs for international oil companies operating in the semi-autonomous Kurdistan region in a move aimed at unblocking ...

The approval of a plan by the Iraqi Parliament to increase payments to international oil companies operating in the semiautonomous northern region is ...

Mozambique has secured forgiveness of 80% of its total debt with the Republic of Iraq, and payment of the remaining 20% has been rescheduled for a period of 15 years preceded by a grace period of four ...

Oil major BP is expected to spend up to $25 billion over the lifetime of a project to redevelop four Kirkuk oil and gas ...