Severe electricity shortages come at a politically sensitive time, highlighting the chronic weakness of Iraq's energy infrastructure and its over-reliance on Iranian imports.
After more than a month, the border has reopened for both trade and humanitarian traffic, alleviating economic pressure on a U.S. ally in the counter-IS fight.
Sinopec has agreed to commercial terms for developing the Diyala province gas field, but Iraq's current caretaker government is not signing a binding contract.
The temporary outage had no apparent impact on oil field operations or export volumes, but the cause of the incident is a matter of uncertainty and potential concern.
Despite the presence of a security protection team, an armed gang attacked a convoy carrying international oil workers to the Basra airport.
Crude output increased to nearly 4.5 million bpd in December, as Iraq continued opening the taps in response to loosening OPEC-plus quotas.
Now that Iraq has finished decades' worth of reparations payments to Kuwait, the Cabinet is proposing to continue diverting a portion of oil sales for a new purpose — domestic clean energy investments.
The closure blocks a major source of funding for the Rojava administration, a U.S. ally in the fight against IS.
Increasing OPEC-plus quotas and a recovery in global oil prices helped Iraq achieve rising crude exports and revenues.
Iraq is trying to resolve a dispute over one of its largest oil fields by authorizing the newly formed national oil company to take over ExxonMobil's operating stake.
