Iraq's oil sector faces a dual crisis: stalled negotiations with the KRG over exports, and warnings from parliament of a ...

By bnm Gulf bureau The foreign-calculated sums are stark. Iraq's budget deficit will more than double from 4.2% of GDP this year to 9.2% by 2026, according to the International Monetary Fund. Oil ...

Iraqi Kurdistan is now experiencing a wider economic downturn, as the region’s limited private sector is also being affected by the salary crisis.

The U.S. warns Iraq over Iranian oil smuggling, threatening sanctions on SOMO and freezing $350M in revenue. Iraqi MPs plan to summon the Oil Minister amid fears of an economic crisis, as over 90% of ...

The hearing follows a growing scandal over reports that Iranian crude is being covertly blended into Iraq’s oil exports under ...

Despite weeks of intensive negotiations and multiple official visits between Baghdad and the Kurdistan Region, a final ...

U.S. oil and gas giants ExxonMobil and Chevron are in discussions about development opportunities in Iraq’s oilfields with ...

ERBIL, Kurdistan Region - The United States on Tuesday urged both Baghdad and Erbil to resolve their long-standing financial ...

Turkey will seek a new deal with Iraq on an oil export pipeline between the two countries that's been idled for more than two ...

Oil prices rose $1 on Thursday after drones struck Iraqi Kurdistan oil fields for a fourth day, pointing to continued risk in ...

Iraq's oil ministry said on Thursday it holds the Kurdish regional government (KRG) legally responsible for the continued smuggling of oil from the Kurdish region outside the country.