Iraq posted its second-lowest monthly crude loadings of the year as it looks to address mounting pressure to adhere to OPEC-plus quota agreements.
Countrywide refining capacity has risen by 30 percent in two years, giving Iraq strategic flexibility in an era of pipeline outages and OPEC pressure.
Rising output at the Majnoon field has driven significant production gains despite OPEC-plus pressure for Iraq to adhere to quotas.
Iraqi oil sales hit their highest levels in nearly a year despite OPEC-plus pressure to throttle back production.
A new memorandum of understanding signals a new phase in BP's decade-long pursuit of a deal to rehabilitate major oil fields in Kirkuk.
Iraqi output increased significantly in June; OPEC says Iraq has pledged to start compensating for overproduction starting in July.
Iraq's electricity grid is providing improving levels of service to southern provinces during high-demand summer months despite a drop in power imports from Iran.
High global prices are helping to offset the revenue impact of lower export volumes constrained by OPEC-plus pressure.
The long-stalled project is taking tentative steps forward with a $5 billion federal budget financing provision and a recent equipment tender.
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.
