Under a provisional compromise deal, SOMO would take over selling crude and KRG would keep control of its oil revenue.
Oil companies are beginning to shut down oil production after a landmark arbitration ruling that led Turkey to halt Iraq's northern exports.
CEO frames negotiations as a test of Iraq's ability to prioritize respect for contracts over political expedience.
Baghdad's legal victory appears to be altering the balance of power that has enabled Kurdistan's oil sector independence.
The head of southern Iraq's gas sector discusses the expansion of BGC, associated gas processing at Nahr Bin Omar, and the Ratawi gas hub.
The heavy oil field has been mostly offline for three years, but is scheduled to resume imminently with 30,000 bpd of production.
Increase of 94,000 bpd mainly due to higher volumes of both KRG and federal exports via Turkey.
Attempting to triangulate between opposing political forces, Sudani also pushes through a long-delayed financial transfer to Kurdistan.
The Cabinet has authorized negotiations for a project to build 300 million scf/d of associated gas processing capacity at the Basra field.
Ammar Abdal al-Anbagi has taken over as the new director general of SOMO, ending the five-year tenure of Alaa al-Yassiri.
