Oil and Gas

  • Iraq Takes Step Towards Self-Sufficiency in Fuel with New Refinery Project

    In a significant step towards energy independence, Iraq recently celebrated the inauguration of a new isomerisation unit at the Basra Refinery. This facility, supported by national efforts, flaunts a production capacity of 11,000 barrels of improved gasoline per day. The project is expected to deliver a two-pronged benefit. Firstly, it…

  • Iraq and OPEC+ States to Extend Production Cuts until 2025

    Iraq, along with other OPEC+ countries including Saudi Arabia, Russia, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, participated in an in-person meeting in Riyadh during the 37th OPEC and non-OPEC Ministerial Meeting (ONOMM). The meeting aimed to strengthen the precautionary efforts of OPEC+ to support the stability and…

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