Nationwide output increased by almost 700,000 bpd in August as rising export volumes help Iraq unwind wartime cuts.
KAR Group has started trucking crude from Basra to the northern export system in an operation likely to boost Iraqi oil sales via Turkey.
The longtime Basra MP discusses the prospects for a national oil law, a revision to the refinery investment law, and a wave of oil sector corruption arrests.
Iraqi oil exports have continued to climb in September, but Iran war re-escalation threatens to slow ship traffic as a tanker is hit in Iraqi waters.
Oil Ministry aims to leverage a new commercial structure to meet the daunting challenges of scaling up overland crude transport.
One week after the Cabinet decided to overhaul the economics of the refining sector, workers are protesting, managers are lobbying for alternatives, and the government has delayed implementation.
New measures could overhaul domestic crude and fuel sales and revamp exports in a bid for higher revenues and quicker access to cash.
Northern export volumes are set to rise after a three-way agreement between Baghdad, Erbil, and IOCs was extended to January 2027.
Export volumes doubled from June to July, and August is running higher still — yet revenues remain billions of dollars short of monthly spending needs.
The first federal purchases of gas could open a key market for producers — and trigger contractual and political battles with the KRG.
A temporary agreement enables Iraq's northern exports to keep flowing but sets a 750,000 bpd expectation that will be difficult to meet.
