Iraq’s Oil Ministry has initiated drilling of a new exploration well in the northern region, marking the first such activity since 1978. This represents a significant development in the country’s upstream oil sector and a potential boost to its energy reserves. The move signals a renewed focus on exploring previously untapped resources within Iraq. Details regarding the specific location and potential yield of the well have not yet been released. This exploration comes as Iraq seeks to increase its oil production and revenue. The resumption of drilling is being hailed as a historic milestone for the nation’s energy industry. Further updates are expected as the drilling progresses and initial findings become available.