Genel Energy is taking the KRG to arbitration after years of failure to agree on a plan for developing the Miran and Bina Bawi gas fields.
Power producers in Iraqi Kurdistan are owed huge sums, forcing some to delay maintenance and sending a chilling signal to prospective investors.
Iraq's electricity service has suffered amidst unreliable gas and power imports from Iran, but efforts are moving slowly to diversify supply via four other neighboring countries due to unresolved pricing negotiations.
In a single week, deadly insurgent operations near the Khurmala, Avana, Bai Hassan, and Sarqala oil fields showcase IS's firepower and persistence.
Iraq's November exports increased, but oil revenues dipped because of falling global crude prices.
Unprecedented droughts are drying up farm land, driving migration to cities, and compounding economic hardships and instability.
Even though Iraq is emerging from OPEC-plus quota constraints, its most prolific oil field is still producing well below capacity as BP, PetroChina, and BOC negotiate near-term plans.
Production dipped slightly, but loosening OPEC quotas mean Iraq is gaining leeway to draw on spare capacity.
The American investment firm Twelve Seas and the UK's Wood Group are proposing to partner with Halliburton to buy Exxon’s interest in one of Iraq’s largest oil fields.
Thanks to surging global crude prices, Iraq generated its highest monthly oil export revenues since October 2018.
