Economist Nabil Al-Marsoumi warns Iraq may face dinar devaluation to combat declining oil revenues amid potential shifts in ...

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

Iraq's oil exports from its southern ports averaged 3.3 million barrels per day in January, witnessing a slight increase from ...

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

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

By John Lee. DNO ASA, the Norwegian oil and gas operator, today reported 2024 revenues of USD 667 million on the back of what it described as "stellar production" in the Kurdistan region of Iraq.

The Norwegian oil firm DNO on Thursday said that 2024 amounted to a year of “stellar production” with an increase in profits ...

By John Lee. A leading Iraqi economist has predicted that US President Donald Trump's pressure to reduce oil prices will harm ...

The Iraqi government announced on Wednesday the signing of an 800-million-US dollar contract to develop and expand the Diwaniyah refinery Iraqi Pri ...

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 ...

Iraq’s parliament on Sunday approved a budget amendment to subsidise production costs for international oil companies ...

The budget amendment  mandates that the KRG transfer its oil production to the state-controlled State Oil Marketing ...