Heavy fuel oil exports have become a major revenue stream for Iraq, but new international regulations are projected to lower demand drastically.
After a decade of failed efforts to strike downstream deals with top-tier companies, the Oil Ministry is looking to de-risk refinery investment.
In the first month after OPEC decided to extend its production cuts, Iraq's Oil Ministry barely adjusted its output.
Iraq's OPEC cuts have masked a key problem: export capacity isn't keeping pace with production gains, and many solutions are years away.
Prime Minister Abd al-Mahdi has again delayed a key legal filing, signaling an apparent desire to settle long-standing disputes through political negotiation rather than court battles.
After more than a decade of disputes over oil and revenue, Iraqi leaders see renewed political and financial incentives to negotiate solutions.
July data shows crude sales of both the federal and Kurdistan region governments bounce back from June drop.
Iraq is scrambling to diversify its oil export routes amidst Iran-U.S. tensions, but there are no quick fixes.
The Oil Ministry and Honeywell have agreed to initial terms on a project that promises to cut nearly one-fifth of Iraq's current gas flaring – and could help convince the U.S. to keep granting Iran sanctions waivers.
As OPEC members reaffirm a quota agreement, Iraq has posted two straight months of elevated production.
