More Iraqi oil
The federal government will put all output and exports under its control, while boosting capacity
For Iraq's petroleum sector, critical questions for 2018 arise. First, will production increase—and, if so, how much? Furthermore, after Shell's decision to exit Majnoon, will other oil majors pull out of the giant southern projects? Finally, there's the Kurdish question: what will happen to its energy sector after the mishandled independence referendum, which led to Baghdad reclaiming disputed territory from the Kurds, including Kirkuk's vast oil reserves, and taking control of the Kurdish Region of Iraq's (KRI) main export point at Faysh Khabur on the border with Turkey. Any deal between Baghdad and Erbil will likely adhere more closely to the Iraqi constitution than in the past; but resol
Also in this section
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
9 December 2025
The group’s oil production declined in November, our latest analysis finds, amid divided sentiment over market balances and geopolitical jitters
