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 year to 9.2% by 2026, according to the International Monetary Fund. Oil ...

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

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 ...

A worker checks the valve of an oil pipe at Al-Sheiba oil refinery in the southern Iraq city of Basra, April 17. The low oil price is affecting Iraq badly. A worker checks the valve of an oil pipe ...

Oil Crisis Forces Iraq To Ask Washington For Help By Simon Watkins - Aug 24, 2020, 6:00 PM CDT. ... introducing salary cuts of 60 per cent for various state sector employees, ...

The Gas Growth Integrated Project focuses on bolstering the country’s oil-rich but underdeveloped Basra province. TotalEnergies would take on a 45% stake in the Basra Oil Company, with Iraq ...

We will save the information entered above in our website. Your comment will then await moderation from one of our team. If approved, your data will then be publically viewable on this article.

BAGHDAD (AP) — A multibillion-dollar agreement signed with France’s TotalEnergies could help resolve Iraq’s longstanding electricity crisis, attract international investors and reduce i… ...

FILE – Water buffaloes swim near the Nihran Bin Omar oil field north of Basra, Iraq, Wednesday, March 22, 2023. A multi-billion dollar agreement signed with France’s TotalEnergies could help ...

BAGHDAD (AP) — A multibillion-dollar agreement signed with France’s TotalEnergies could help resolve Iraq’s longstanding electricity crisis, attract international investors and reduce i… ...

FILE - Water buffaloes swim near the Nihran Bin Omar oil field north of Basra, Iraq, Wednesday, March 22, 2023. A multi-billion dollar agreement signed with Frances TotalEnergies could help ...