Kirkuk production has increased, but the Oil Ministry's efforts to find new routes to market for stranded capacity are incomplete.
After just six months in production, the Subba field is faltering due to bureaucratic dysfunction, tight budgets, and insufficient processing infrastructure.
A 12-person committee will study best international best practices and develop recommendations for implementing a new law to re-create the Iraq National Oil Company.
Efforts to tap Kirkuk's stranded capacity and output increases in Basra help Iraq take advantage of recent oil price strength.
Despite operating under a caretaker Cabinet, the Oil Ministry's contracting chief is trying to sustain momentum on the 5th bidding round and other major projects.
After years circling the periphery of Iraq's oil sector, Chevron has signed a non-binding agreement to discuss projects in Basra and Dhi Qar provinces.
Tanker trucks have taken Kirkuk crude to Iran, eyewitnesses say, but Iraq's Oil Ministry claims the 60,000 bpd export deal is not yet active.
A month after requesting a postponement, Iraq’s highest court granted another delay — this one, ostensibly, the last.
Oil exports from Iraq's federal government and Kurdistan region increased in May, taking advantage of a rising oil price.
Chinese firm will quadruple production, to 40,000 bpd, under a new deal that differs significantly from Iraq's previous technical service contracts.
