June output averaged 4.05 million bpd. Iraq will have further leeway to increase production under a breakthrough deal recently agreed by the OPEC-plus group.
Despite legislative delays to full implementation, Iraq's government has approved the next steps to a new national oil company.
Nationwide exports declined slightly to 3.318 million bpd as Iraq faces OPEC-plus expectations to limit output to compensate for past overproduction.
A new enforcement action seeks to stop 20 companies from bringing personnel or equipment into Iraq, threatening major disruptions at key projects.
Iraq is continuing to negotiate with Total over the Ratawi gas hub as export cuts from Iran and nationwide electricity failures highlight the need for new domestic energy supply.
Power blackouts throughout Iraq threaten to cause new bouts of social unrest over chronic failures to build adequate domestic gas and electricity supply.
Under a new agreement, Kurdistan could start receiving 200 billion Iraqi dinars per month.
Iraq's Oil Ministry is sitting on roughly 1 million bpd of capacity — and developing more — as OPEC quotas begin to ease.
The MP leading Parliament's oversight of Iraq's oil and electricity sectors discusses the importance of gas development and the status of INOC legislation.
Abdul Mahdy al-Ameedi, former head of contracts for the Oil Ministry, weighs in on the details of the contract for the West Qurna 1 oil field, as ExxonMobil looks to exit the project.
