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
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24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
