bp and ConocoPhillips have agreed terms for ConocoPhillips to acquire a 42 per cent interest in BP Energy Company of Kirkuk Limited (BP ECKL), supporting the redevelopment of several large-scale oil fields in the Kirkuk area of northern Iraq.
Iraq has signed energy agreements with US firms including ExxonMobil, KBR and GE Vernova to advance oil and power projects, while progressing a Mediterranean Energy Corridor pipeline initiative with a planned capacity of two million barrels per day.
Iraq and Syria have signed an agreement to rehabilitate the crude oil pipeline linking Haditha in Iraq with Baniyas in the war-ravaged country, reported the Iraqi News Agency (INA). A vital project for the region, it is likely to be implemented by US energy company Chevron.
The United States and Iraq discussed expanding economic co-operation and increasing US investment in the Arab nation’s energy sector during high-level talks at the White House on Wednesday, as the two countries sought to deepen their strategic partnership.
Gulftainer (GT), a globally trusted leader in integrated maritime and logistics solutions, has launched its first dedicated feeder service linking the UAE and Umm Qasr, Iraq.
Iraq is preparing to expand crude oil and naphtha exports through Syrian ports as it moves to diversify trade routes after the Iran war disrupted its main Gulf shipping channels and effectively closed the Strait of Hormuz.
Iraq expects to return oil production from its southern fields to levels exceeding three million barrels per day within one to two months, Iraq's state news agency reported.
Qatar Airways continues to reinstate its network across the Middle East, announcing the return of passenger flights to Baghdad (BGW), Basra (BSR), and Erbil (EBL) in Iraq, starting on May 10, 2026.
Countries striking side deals with Iran to secure oil and gas shipments through the Strait of Hormuz are raising fresh concerns among Gulf exporters, as the lack of progress in US-Iran peace talks fuels fears that Tehran could entrench its new control over one of the world’s most critical energy corridors.
Iraq could restore crude oil exports to around 3.4 million barrels per day within a week provided the Iran war ends and the Strait of Hormuz reopens, the head of the country’s state-run Basra Oil Company said.
