Iraq's oil sector faces a dual crisis: stalled negotiations with the KRG over exports, and warnings from parliament of a ...

By bnm Gulf bureau The foreign-calculated sums are stark. Iraq's budget deficit will more than double from 4.2% of GDP this ...

Iraq’s oil minister said on Saturday that Erbil is demanding more oil for domestic consumption and this is delaying the ...

ERBIL, Kurdistan Region - Iraq’s newly formed ministerial committee tasked with resolving outstanding disputes between Erbil ...

Iraqi Kurdistan is now experiencing a wider economic downturn, as the region’s limited private sector is also being affected ...

Despite weeks of intensive negotiations and multiple official visits between Baghdad and the Kurdistan Region, a final ...

The U.S. warns Iraq over Iranian oil smuggling, threatening sanctions on SOMO and freezing $350M in revenue. Iraqi MPs plan to summon the Oil Minister amid fears of an economic crisis, as over 90% of ...

The hearing follows a growing scandal over reports that Iranian crude is being covertly blended into Iraq’s oil exports under ...

By any measure, Iraq has had a terrible time since 2003. Yet when it comes to the global financial crisis, Iraq may for once be in a privileged position.

Iraq's oil ministry said on Thursday it holds the Kurdish regional government (KRG) legally responsible for the continued smuggling of oil from the Kurdish region outside the country.

Iraq is at risk of economic collapse as oil revenues make up 91% of its federal income, exposing deep fiscal vulnerabilities amid falling prices and persistent regional disputes.

The non-oil sector grew at a slower pace last year and inflation remained subdued. Following a very strong growth of 13.8 percent in 2023, Iraq's non-oil GDP is expected to have considerably moderated ...