Finance Ministry "loan" to the new provincial oil company does not require repayment, as former assets of the South Oil Company are handed over.
At least two wells are burning and production has stopped at an oil field in Kirkuk after saboteurs exploited security gaps for the second time in a month.
Initial data show record exports and bounce in oil price, garnering five-month high in revenues.
To help militias fighting against IS, South Oil Company engineers have designed smartphone-activated rocket launchers and remote-control robots for defusing explosives.
The two sides are developing detailed technical plans for an oil export pipeline, though political approvals are still pending.
After taking over day-to-day leadership of the Oil Ministry in the wake of an ongoing political crisis, Fayadh Nema discusses the path ahead for Iraq's oil sector.
More than a dozen current and former North Oil Company employees as well as advisors have been implicated.
Iraq is looking for international oil companies to play a large role in renewed plan for fields on border with Iran.
New pipeline will feed Basra power plants with Iranian gas – another sign of growing energy cooperation between the neighboring countries.
Former South Oil Company chief Jabbar Allibi nominated to head the Oil Ministry, as Abadi makes a second attempt to reform his Cabinet.
