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Energy

Iraqi crude exports steady in June

High global prices are helping to offset the revenue impact of lower export volumes constrained by OPEC-plus pressure.

Workers from the state-run Dhi Qar Oil Company carry out pipeline maintenance operations in March 2024. (Photo credit: Dhi Qar Oil Company)

OPEC-plus concern keeps lid on May production growth

Nationwide crude output is far below developed capacity due to the ongoing northern pipeline outage, southern infrastructure constraints, and — most acutely — quota pressure from OPEC-plus.

Iraq finalizes $8 billion Fao refinery deal

China's CNCEC has signed a contract for the 300,000 bpd refinery. The total price could rise to $20 billion with the construction of a petrochemical plant and power plant.

KAR Group wins Ninewa gas block

Iraq's Oil Ministry has now awarded 13 new projects across three days of bidding in the five-plus and sixth licensing rounds.

New leadership for SOMO

Khudair Abbas replaces Ammar al-Anbagi as the head of Iraq's state oil marketing company.