As Kurdistan's authorities crack down on flaring, a $110 million project by Norway's DNO shows how capturing the associated gas produced along with crude can help both the environment and the bottom line.

The U.S. government's overseas lending facility has approved a huge loan to finance new gas supplies, signaling direct support for Kurdistan's energy sector.

An estimated $27 billion will be spent to increase oil output, cut gas flaring, and launch the country's first solar project.

The package of four projects promises to provide transformational infrastructure for processing gas, boosting electricity supply, and raising oil production capacity.

Oil sales hit a 20-month high as Iraq increased export volumes and opened up a new revenue stream with jet fuel exports.

As the OPEC-plus coalition prepares to loosen its quotas further, Iraqi production has risen to its highest monthly average since April 2020.