The recently discovered field could begin producing 30,000 bpd by 2024, pending a potentially difficult contract renegotiation.
A unilateral decision to reduce payment of debts has cast new uncertainty on Kurdistan's oil sector, threatening to deter IOC capital spending and new production growth.
In a recent letter, the Basra Oil Company said it would neither approve a sale to two Chinese companies nor buy out Exxon's stake on the same terms.
The widely respected geologist, whose career spanned decades in both federal Iraq and Kurdistan, died May 1 after contracting coronavirus.
Saudi Arabia's Delta Oil Company is a potential partner along with U.S. firm Schlumberger to bring badly needed investment and gas supply to Anbar province.
Several projects still wastefully burn associated gas, but a new power plant is the latest sign that Kurdistan is harnessing gas to boost electricity and reduce expensive fuel imports.
As OPEC-plus quotas ease, Iraq is bringing dormant production capacity back online.
Weeks after taking office, Dhi Qar's new governor discusses aspirations for quelling oil protests, raising employment, and attracting investment.
A Basra tribal leader discusses his business relationship with international oil companies, the need for private-sector development, and the problem of tribal violence.
Because of weaker global oil prices, Iraqi oil revenues dropped 5 percent even though exports ticked upward.
