The Central Bank of Iraq (CBI) declared on Wednesday that the country’s foreign reserves had declined during the third ...

bp has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in ...

Iraq aims to boost its oil production capacity to over 6 million barrels per day by 2029, leveraging partnerships such as its ...

The BP deal signals a potential resurgence of Western influence in Iraq’s energy sector.

The contract includes the rehabilitation and redevelopment of the fields, spanning oil, gas, power, and water with potential for investment in exploration.

Iraq's foreign reserves, which operate as a buffer against economic volatility, are valued at approximately $110 billion.

Around three-quarters of Iraq’s proven reserves consist of ‘associated gas’ – a by-product of oilfield development. Russia's huge oil and gas presence in neighboring Iran may give it an ...

President and CEO of Sonoran Energy Paul Bristol has announced that the Company's Iraqi Joint Venture is expanding its interest in obtaining proven oil reserves in Iraq. The Joint Venture ...

According to the World Bank, Iraq has 145 billion barrels of proven oil reserves -- among the largest in the world -- amounting to 96 years' worth of production at the current rate. Iraq's Oil ...

Iraq will export 185,000 barrels per day through state oil marketer SOMO, and that quantity will gradually ... U.S. President Donald Trump's weekend proposal for a national strategic reserve of ...

Despite its vast oil and gas reserves, Iraq suffers from chronic electricity shortages. In July, Musa told Rudaw that the country’s power system produces 27,450 megawatts of electricity ...