Iraq's second-largest oil field has a new operator as ExxonMobil moves forward with an agreement to exit the project.

Export volumes are expected to slide further as Iraq makes new OPEC-plus commitment to support prices with reduced output.

A pilot project at the East Baghdad oil field cluster aims to use carbon credits to finance infrastructure to capture gas and reduce Iraq's carbon footprint.

Mohammed Yassin Hassan al-Obaidi has been appointed acting director general in a leadership reshuffle at Iraq's smallest state-run oil company.

Japanese firm is set to sell its minority share in the Lukoil-operated project as the start of commercial production approaches.

The American super-major will sell its last remaining upstream asset in Iraq to the state-run Basra Oil Company, resolving a years-long conflict over the terms of its exit.