The State Department approved another 120 days exempting Iraq from U.S. sanctions on Iran, just before a prior waiver was set to expire.
Five months into his tenure, the new governor discusses the status of Mosul reconstruction, security, and energy sector investment.
Crude sales decrease as Baghdad moves toward OPEC quota compliance and the KRG contends with a planned pipeline outage.
Iraq's number two oil field is planning to raise output by more than 200,000 bpd in the next three years — if it a can secure new supplies of water.
As oil markets respond to geopolitical conflicts, a record month for Iraqi crude production showcases the latent potential of the country's state-run fields.
New agreement could link Iraq into the GCC’s "energy highway," in an effort to meet rising electricity demand and reduce dependence on Iran.
The Oil Ministry has initialed a contract with Stroytransgaz – a target of U.S. sanctions on Russia – for exploration and development in Anbar province. The deal awaits final Cabinet approval.
The federal Oil Ministry and the KRG both increased export rates, largely offsetting a decline in global crude prices.
After terminating its contract with TPAO, the Oil Ministry is relying on the state-run Midland Oil Company to operate a key gas field — and is seeking private-sector partners.
As leaders in Erbil and Baghdad prepare for detailed negotiations on long-standing disputes, the KRG is offering to hand over all of its oil exports to the federal government – for a price.
