Fields in Kurdistan are raising production and selling into the local market, as output increases despite the ongoing northern pipeline closure.
Fayadh Nema and Falah Alamri have deep relationships in the Oil Ministry and decades of experience with hot-button energy issues.
High-level diplomacy has failed to make progress, and a recent U.S. legal filing from Turkey suggests a new phase of adversarial action.
Iraq is pushing the limits of its outdated southern export infrastructure as a dispute with Turkey is keeping the northern pipeline system offline.
Exports and output are rising, but Kurdistan's oil industry is still in crisis due to the northern pipeline outage.
Construction is underway on a new pipeline to bring gas supplies from the Khor Mor field up to Dohuk.
Federal crude output continues trend of small monthly gains in June, partially compensating for loss of Kurdistan production due to ongoing pipeline outage.
Current deputy, Laith al-Shahir, former head of legal directorate, reaches mandatory retirement age.
A $417M subsea pipeline project that was funded and then suspended over the past two months has gotten Cabinet approval again, with a half million barrel per day capacity increase slated for next year.
The delay is the latest for the project that was supposed to be completed in 2018, and is sorely needed to expand fuel supply, reduce purchase costs, and provide an additional outlet for Iraqi crude output.
Final paperwork expected to be signed Monday between Iraq and TotalEnergies, after which the company will begin to take over the Ratawi oil field operations.
KRG crude exports are still shut in due to the northern pipeline outage, but federal exports have increased further, nearing the maximum capacity of outdated Basra Gulf infrastructure.
The Malaysian company wants to sell its stake to Pertamina due to late payments and low profit margins.
Political scrutiny of a contract is delaying a subsea pipeline project with the potential to lift export capacity by 500,000 bpd in a year.
Ankara sent a technical delegation to Baghdad but the two sides seem far from the top-level political agreement needed to restart oil flows.
Northern pipeline outage gives Baghdad leeway for southern output increases despite tightened OPEC-plus quotas.
Another new contracting round builds on recent momentum to attract investors and raise domestic gas supplies.
Baghdad has compensated for lost exports via Turkey with increased southern oil sales, but KRG exports remain entirely offline.
Politicians are bristling at contractual terms that many investors demand to help protect them from the dysfunction of Iraq’s investment climate.
A subsea pipeline project could lift export capacity by 500,000 bpd in just over a year, but the funds can't be released until Iraq passes a new budget.
Oil Ministry launches new effort to attract investment in 13 oil and gas fields and exploration blocks.
Iraq is developing new production capacity, but output is currently falling because of infrastructure bottlenecks in the south and the prolonged Turkey pipeline shutdown.
Formal orders from SOMO highlight progress in Baghdad-Erbil negotiations to implement a new framework for Kurdistan’s oil and revenue. All eyes are now on Turkey.
