Because of chronic setbacks at the Fao storage depot, Iraq will fail to meet its export potential until at least 2018, preventing the sale of billions of dollars worth of oil.
As new offshore export facilities come online, Iraq has the opportunity to increase oil sales, despite enduring security and infrastructure challenges.
The head of one of the most strategically valuable investors in Iraqi Kurdistan's oil sector talks production plans and pipeline tie-ins.
After months of infrastructure work, Iraq’s exports jumped by 551,000 bpd in February, with production set to rise even higher.
The prime minister's energy czar talks about production, flaring reduction, refining targets and the ongoing dispute between Baghdad and the KRG.
Weather and attacks take slight toll on export numbers in January, while ExxonMobil agrees to lower production plateau, official says.
While limited independent exports were shut-in as a show of good faith in budget negotiations, meeting KRG export proclamations requires technical upgrades too.
Along with legal tactics, Oil Ministry looking at technical options to foil KRG plans for exclusive use of ITP.
IOCs, Ministry need time to finalize contract terms while security and the election loom large.
Company confirms future shipments as the KRG more aggressively markets oil independently of Baghdad.
