Republic of Iraq
Ministry of Oil
وزارة النفط العراقية
Map
Ministry overview
JurisdictionIraq
Headquarters
Minister responsible
  • Bassim Mohammed Khudair
Websitewww.oil.gov.iq

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 Mohammed Khudair, who was appointed in May 2026 after previously serving as deputy oil minister.[1]

History

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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.[2]

Establishments

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A number of companies, institutes, and other organisations come under the direct jurisdiction of the Ministry of Oil, such as:

References

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  1. ^ Afanasiev, Vladimir (2026-05-15). "Iraq appoints industry veteran as new oil minister". Upstream Online. Retrieved 2026-09-15.
  2. ^ "Iraq Ministry Of Oil, bp Enters Into Agreement to Develop Four Fields | Egypt Oil & Gas". egyptoil-gas.com. 2025-03-11. Retrieved 2025-03-11.
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