Iraq's heavy reliance on oil revenue makes its budget vulnerable to oil price fluctuations. The government is exploring non-oil income sources to increase budget predictability. New oil and gas ...

Iraq is planning to offer fresh oil and gas concession sites to international firms as part of two new licensing rounds designed to boost the OPEC member’s already massive hydrocarbon deposits, the ...

Members of the Association of the Petroleum Industry of Kurdistan (Apikur) have said that the shutdown of the Iraq-Turkiye oil export pipeline (ITP) has cost Iraq $20bn, and are calling for the ...

Iraq said it pumped below its OPEC+ oil-production quota last month as it sought to comply better with the group’s effort to balance global crude markets. The Middle East heavyweight cut ...

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ERBIL, Kurdistan Region - Iraq’s finance minister on Sunday requested for lawmakers to assist in receiving non-oil revenues from the Kurdistan Region, adding that Erbil has not handed over its ...

September 25, 2024: Iraq remains a war zone, although not as violent as in the past ... A new and hopefully more effective government emerged from this in 2022 and cracked down on corruption and ...

Kurdistan Region’s oil exports through the Iraq-Turkey pipeline have been halted since March 2023, when a Paris-based arbitration court ruled in favor of Baghdad that Ankara had breached a 1973 ...

US extends flight restrictions for commercial flights over Iraq until 2027 The Federal Aviation Administration on Tuesday extended the restrictions on commercial airlines over Iraq for U.S ...

US Secretary of State Antony Blinken has called for a critical pipeline carrying oil from Iraqi Kurdistan to Turkey to be reopened. The Iraq Turkey Pipeline (ITP) was shut down by Turkey in March ...

After negotiating for most of the year, U.S. and Iraqi officials finally reached a deal on Friday over the U.S. presence in Iraq—one that ... $1 million a day from oil sales on the black market.