Iraq can now process over 1.5 million bpd of crude, as the country's largest refinery completes a decade-long comeback.
Southern Iraq's refining sector is expanding, creating a better supply of high-quality fuels and rising demand for crude feedstock.
Nationwide crude production increased by just over 50,000 bpd as state-operated Basra fields ramped up to compensate for a temporary decline at Rumaila.
Iraq is making progress toward a goal of starting LNG imports in time for summertime spikes in electricity demand.
Export volumes held steady in January while revenues appeared to increase slightly on higher global crude prices.
Southern Iraq's top gas official gives status updates on the recently expanded Basra Gas Company and other associated gas capture projects at Ratawi, Bin Omar, and Nassiriya.
A major upgrade for Basra's flagship refinery is coming online, promising to boost high-octane gasoline supplies.
Urgent austerity plan aims to cut $1.4 billion from oil field budgets nationwide in 2026 without affecting production — a warning sign of fiscal trouble for Iraq.
Nationwide output increased year-on-year as Iraq's domestic refineries continued providing an elastic and expanding source of demand.
As a sanctions deadline looms, Basra Oil Company is poised to manage the 480,000 bpd field while Lukoil continues negotiating to sell its stake.
