With exports halted by war, Iraq has limited options to keep fields operating and has begun taking millions of barrels of daily production offline.
Kurdish-led authorities in northeast Syria are losing their hold on the country’s largest oil fields as foreign investors look for opportunities.
Some production is already offline and Iraqi oil officials are bracing for a total loss of southern exports.
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.
