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Energy

Iraq oil exports steady in June

Iraq's crude sales held steady month-on-month despite minor disruptions apparently stemming from the Israel-Iran war.
A ship docks at the al-Basra Oil Terminal. (BEN LANDO/Iraq Oil Report)

UPDATE: Exports rise on Basra boost

The overhaul in Iraq's blending and marketing of southern crude helped raise southern exports and compensate for a dip in northern exports hampered by political disputes.

West Qurna 1 budget slashed by $500 million

Iraq has cut the annual budget of its second-most-prolific oil project by nearly 50 percent, as part of a broader effort to reduce oil field development costs in response to a financial crisis.

North Oil Company leader assassinated

A senior official at the state-run North Oil Company, who was last year put forward to be the next director general, was assassinated as he left work on Sunday.