Crude sales averaged above 3.4 million for the third straight month as Iraq maxes out southern export outlets.
BP deal aims to revamp Kirkuk energy sector
Iraq is once again leveraging upstream development to finance gas and power projects.
Crude sales averaged above 3.4 million for the third straight month as Iraq maxes out southern export outlets.
Northern exports can only come online if Baghdad strikes new political and commercial agreements.
In a U.S. legal filing, Iraq contested Turkey's effort to flip the award in its own favor, as the two sides still appear deadlocked over a restart of Iraq’s northern exports.
Baghdad has begun implementing a three-month deal to enable payments for Kurdistan's civil servants, prompting political backlash.
Recent meetings show renewed efforts to set terms for reopening the export pipeline, but top-level political approval is hardly assured.
Iraq's natural waterways have little spare supply for oil fields that need more water injection to sustain reservoir pressure and hit higher production targets.
Fields in Kurdistan are raising production and selling into the local market, as output increases despite the ongoing northern pipeline closure.
Three monthly loans of $538 million promise temporary relief to pay civil servant salaries, but unresolved questions loom for Kurdistan's oil industry.
Fayadh Nema and Falah Alamri have deep relationships in the Oil Ministry and decades of experience with hot-button energy issues.
Baghdad takes a hard line against budget transfers to KRG as negotiations falter, prompting civil servant strikes and imminent protests.