April output in federal Iraq dropped by 100,000 bpd, with cuts coming mostly from state-run fields in Basra.
Iraq's Oil Ministry has now awarded 13 new projects across three days of bidding in the five-plus and sixth licensing rounds.
Ten of the 12 projects awarded so far in Iraq's latest oil and gas contracting process have gone to Chinese companies, with one more day of bidding expected Monday.
Three-day event kicks off with awards to KAR Group and multiple Chinese firms. Bids on 20 more projects expected in the next two days.
The state-operated field in Basra could become the centerpiece of an integrated project led by China’s Geo Jade and Iraqi private firm Hilal al-Basra.
Khudair Abbas replaces Ammar al-Anbagi as the head of Iraq's state oil marketing company.
TotalEnergies and Basra Oil Company are fleshing out their vision for the long-delayed Common Seawater Supply Project.
Iraq's crude sales have been constrained by OPEC-plus quotas but revenues remain high due to global oil price strength.
Key gas field that fuels most of Kurdistan's power generation is coming back online after urgent talks over security measures to deter chronic attacks.
Four people were killed and two injured in a drone attack that has caused the Khor Mor gas field to shut down, taking three-quarters of Iraqi Kurdistan's electricity supply offline.
