Energy
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Iraq Approves Chevron Agreement for West Qurna 2
Iraq’s Council of Ministers has approved the final terms and conditions of a framework agreement for the management and operation of the West Qurna 2 oil field. The agreement was signed between the Ministry of Oil (Iraq), represented by the Basra Oil Company and the North Oil Company, and U.S.-based…
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Iraq Turns to New Pipelines as Gulf Risks Rise
Iraq is accelerating efforts to safeguard its oil exports and diversify transport routes amid rising regional tensions and disruptions to Gulf shipping. Meanwhile the existing operations continue to supply key international markets. Officials in Baghdad are exploring alternative pipeline routes through neighbouring countries as instability threatens exports through the Strait…
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Iraq Generates 160 MW from Solar Project
Iraq has achieved 160 megawatts of electricity generation from a solar facility under the South Iraq Integrated Project, part of a wider energy initiative led by the government in partnership with TotalEnergies. Deputy Prime Minister for Energy and Oil Minister Hayyan Abdul Ghani Al-Sawad said the output was produced during…
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Iraq Confirms Adequate Fuel Supplies Amid Regional Tensions
Iraq’s Deputy Prime Minister for Energy Affairs and Oil Minister, Hayyan Abdul Ghani Al-Sawad, said the country has sufficient supplies of fuel and liquid petroleum gas (LPG) to meet domestic demand. Speaking during a ministry meeting on Monday, the minister said petroleum products are being secured through output from Iraqi…
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Production Suspended at Atrush, Sarsang and Shaikan Fields
ShaMaran Petroleum Corp. has confirmed that production at the Atrush and Sarsang oil fields in the Kurdistan Region of Iraq has been temporarily shut in as a precautionary measure due to deteriorating regional security conditions. The company said it was informed by HKN Energy Ltd., the operator of both fields,…
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Iraq Oil Exports Generate $6.48 Billion in January
The Iraqi Ministry of oil has announced final audited statistics for oil exports in January 2026, reporting total ex[orts of 107.6 million barrels of crude oil with revenues exceeding $6.48 billion, according to data from the Iraqi Oil Marketing Company (SOMO). Exports from central and southern oil fields reached 101.16…
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KBR Wins Major Contract for Majnoon Oil Field
KBR has been awarded a major contract by Basra Oil Company to provide Integrated Field Management Services for the Majnoon Oil Field, one of the world’s largest oil reserves with over 38 billion barrels. Under the contract, KBR will deliver upstream engineering, operations management, maintenance services, and implement advanced AI…
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Iraq PM Signs Key Oil Agreements with Chevron and Local Companies
Prime Minister Mohammed S. Al-Sudani today presided over the signing of two important agreements in Iraq’s oil sector, aimed at boosting the economy and creating jobs in southern and central governorates. The first deal allows Chevron, a U.S.-based company, to manage the West Qurna 2 oil field in Basra. The…
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Iraq New Oil Refineries Reach Full Production Capacity
The Ministry of Oil announced on Sunday, February 8th, that Iraq’s new refineries including Salah-El-Din/3, North/2, and Karbala has reached 100 per cent of their production capacity. The Salah-El-Din/3 and North/2 refineries have reached a combined capacity of 140,000 barrels a day and are part of the ministry’s efforts to…
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Iraq, Iran Discuss Strategic Oil and Gas Cooperation
The General Manager of the Oil Pipeline Company, Mr Ali Abdul Karim Al-Musawi, received a delegation from the Isfahan Chamber of Commerce and representatives of Iranian oil companies to explore opportunities for cooperation in the oil and gas sector. The meeting focused on sharing technical expertise, building strategic partnerships, and…
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