Iraq Seals Major Oil Deal with Chinese Company By Irina Slav - May 22, 2025, 5:51 AM CDT ...

Iraq signed a major contract with US oilfield services company Schlumberger on Tuesday to develop the Akkas gas field, as the country seeks to boost domestic gas production. Under the deal ...

Iraq is exploring alternatives to Iranian gas imports, including options in the Gulf, a government official said, as it seeks to reduce dependence on its sanctions-hit neighbour.

In a bid to make Iraq self-sufficient, Prime Minister Mohammed Shia al-Sudani’s government wants to stop gas flaring in Iraq’s oil fields by 2028, and to use it instead to supply power stations.