Iraq cobbles together an oil deal
Erbil and Baghdad have struck an agreement on exports through Turkey, though many of the old problems could still ruin it
Are things looking up in Iraq's northern oil sector? In early September, the Kurdistan Regional Government (KRG) and the federal one in Baghdad reached a deal resolving the five-month dispute over sales of Kirkuk oil via the KRG-operated export pipeline to Turkey's Mediterranean coast. The agreement reflected the broader effort in both Erbil and Baghdad to fix one political problem ahead of a bigger effort by both sides to expel Islamic State (IS) from Mosul. Yet factionalism in Kurdistan and Baghdad's own political chaos could yet ruin it all. Shipping Kirkuk crude through the KRG's infrastructure is a potentially big breakthrough. The months of stalemate starved both Erbil and Baghdad of e
Also in this section
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices






