Energy

Northern exports flow under promising but fragile oil and budget agreement

Baghdad, Erbil, and oil companies appear to be implementing some key terms of a three-way oil export and budget deal, but ongoing success is hardly assured.

Oil tanks at Turkey's Mediterranean port of Ceyhan, which is run by state-owned Petroleum Pipeline Corporation (BOTAS). (UMIT BEKTAS/Reuters)

Apr 4, 2023

UPDATE: Iraq approves compromise on TotalEnergies mega-deal

Iraq's Cabinet has approved a reduced 30 percent stake for the state in an effort to unlock a $27 billion deal that could be critical for boosting oil, gas, and electricity supplies.

Apr 4, 2023

Baghdad, Erbil sign temporary deal to resume northern exports

Signing ceremony signals strong political backing for agreement, but pipeline flows remain shut as technical details are still being negotiated.

Apr 2, 2023

Progress in Baghdad-Erbil talks over northern export restart

Under a provisional compromise deal, SOMO would take over selling crude and KRG would keep control of its oil revenue.

Mar 30, 2023

KRG export outage continues as negotiations falter

Oil companies are beginning to shut down oil production after a landmark arbitration ruling that led Turkey to halt Iraq's northern exports.

Mar 28, 2023

TotalEnergies takes hard line with Iraq on GGIP

CEO frames negotiations as a test of Iraq's ability to prioritize respect for contracts over political expedience.

Mar 25, 2023

Turkey halts Iraq’s northern exports after landmark arbitration ruling

Baghdad's legal victory appears to be altering the balance of power that has enabled Kurdistan's oil sector independence.

Mar 24, 2023

Q&A: Hamza Abdul-Baqi, director general of South Gas Company

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.

Mar 17, 2023

Qayarah field set to restart, with exports via Basra

The heavy oil field has been mostly offline for three years, but is scheduled to resume imminently with 30,000 bpd of production.

Mar 17, 2023

February oil sales rise on higher northern exports

Increase of 94,000 bpd mainly due to higher volumes of both KRG and federal exports via Turkey.

Mar 14, 2023

Cabinet passes draft budget with record spending and new KRG framework

Attempting to triangulate between opposing political forces, Sudani also pushes through a long-delayed financial transfer to Kurdistan.