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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)

Q&A: Finance Minister Hoshyar Zebari

Zebari discusses contract renegotiations with oil companies, financing Iraq's budget deficit, and building trust between Baghdad and Kurdistan.

March oil exports rebound to record levels

Iraq sold 2.98 million bpd in March – a 15 percent jump from February – increasing the cash-strapped government's monthly revenue by more than $1 billion.

Iraq oil contract renegotiations begin

The Oil Ministry is seeking to align IOC incentive structures with tight fiscal realities, but is not considering a switch to industry-favored production sharing contracts.

KRG solidifies hold on Ain Zalah

Federal authorities have no communication with the small field they once controlled, as about 2,000 bpd of production is feeding Kurdistan's export pipeline.

IOCs asked to suggest contract changes

Oil price drop prompts Oil Ministry to request cost-cutting measures this year and contractual changes that will alter the decades-long contracts.