Output stays above 4.7 million bpd for third straight month, but reductions are on the horizon as tighter OPEC quotas take effect in November.
Revenues fell with global oil prices, but higher export volumes through Ceyhan helped offset a pipeline leak that temporarily halted Basra Gulf tanker loadings.
Political hurdles and unresolved commercial negotiations have set back Iraq's most ambitious plans for associated gas. Smaller projects could start to fill the vacuum.
One of Iraq's largest oil fields is nearly doubling its capacity next year — and, with new seismic work, likely increasing reserves beyond its current 47 billion barrels.
Iraq could soon gain a new option for exporting crude with the ongoing expansion of Khor al-Zubair port.
The Federal Supreme Court appeared to end Oil Minister Ihsan Ismaael's fledgling efforts to create an Iraqi National Oil Company, ruling its legal foundations "invalid."
Gazprom Neft sends lawyer to court, bucking trend of companies ignoring Oil Ministry lawsuits seeking to invalidate KRG oil contracts.
The U.S. company joins a growing list of blue-chip oil services firms bowing to the Oil Ministry's pressure campaign against the KRG energy sector.
Iraq’s Al-Basra Oil Terminal has restarted at reduced capacity after it went offline early Friday due to leaks.
Nationwide production topped 4.7 million bpd for the second straight month — the highest output since 2019.
