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Energy

Iraqi oil exports steady in October

Muted oil sales reflect Iraq's ongoing efforts to comply with OPEC-plus quota agreements.

Workers from the state-run Iraqi Drilling Company drill a well at the Buzurgan field in October 2024. (Photo credit: Oil Ministry)

Iraq signs 5-plus and 6th round contracts

Thirteen deals from the May licensing round were finalized and signed at a ceremony in Baghdad, as Chinese firms further expand their footprint in Iraq’s oil sector.

August production falls as Iraq initiates cuts

Renewed OPEC-plus pressure pushes Iraq to cut at least 100,000 bpd from state fields and accelerate maintenance plans at other projects in a bid to improve quota compliance.