Muted oil sales reflect Iraq's ongoing efforts to comply with OPEC-plus quota agreements.
Iraq cut output at state-operated fields and shifted maintenance schedules in a bid to improve OPEC-plus compliance.
Thirteen deals from the May licensing round were finalized and signed at a ceremony in Baghdad, as Chinese firms further expand their footprint in Iraq’s oil sector.
The oil minister is back at his desk after a health scare, but his multi-week absence surfaced unresolved political rivalries that could shake up oil sector leadership.
A top gas official discusses developments with TotalEnergies, Basra Gas Company, and other projects aiming to end flaring and produce enough products to expand exports.
The deputy minister has assumed acting authorities to run the ministry as Hayyan Abdulghani recovers from a health emergency.
Production cuts that started in August appear to be reflected in a 100,000 bpd reduction in September oil sales.
Renewed OPEC-plus pressure pushes Iraq to cut at least 100,000 bpd from state fields and accelerate maintenance plans at other projects in a bid to improve quota compliance.
A new era of financial integration with Baghdad has provided the KRG with badly needed budget support while also exposing new levels of political vulnerability.
Changing political and security dynamics have the potential to complicate burgeoning oil and gas development in the province.
