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Ministry of Oil (Iraq)
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Ministry of Oil (Iraq)
The Ministry of Oil (Arabic: وزارة النفط) is a central government ministry of Iraq whose task is managing and developing natural resources (oil and gas).
The current minister is Bassim al-Abadi, who took office on 14 May 2026.
In March 2025, the Ministry of Oil entered into a contract with BP to develop four oil fields in Kirkuk: Avana, Baba, Bai Hassan, and Khabbaz. The deal, valued between $20–25 billion, aims to boost crude production by 150,000 barrels per day, reaching 450,000 bpd within three years. It also includes plans to expand natural gas production and reduce gas flaring by 2028.
A number of companies, institutes, and other organisations come under the direct jurisdiction of the Ministry of Oil, such as:
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Ministry of Oil (Iraq)
The Ministry of Oil (Arabic: وزارة النفط) is a central government ministry of Iraq whose task is managing and developing natural resources (oil and gas).
The current minister is Bassim al-Abadi, who took office on 14 May 2026.
In March 2025, the Ministry of Oil entered into a contract with BP to develop four oil fields in Kirkuk: Avana, Baba, Bai Hassan, and Khabbaz. The deal, valued between $20–25 billion, aims to boost crude production by 150,000 barrels per day, reaching 450,000 bpd within three years. It also includes plans to expand natural gas production and reduce gas flaring by 2028.
A number of companies, institutes, and other organisations come under the direct jurisdiction of the Ministry of Oil, such as: