A brief but dramatic drop in the value of the Iraqi dinar is another worrying sign of the fragility of the country's economy.
A new grade of Iraqi crude has helped unlock latent production capacity – and poses challenges to the country's infrastructure.
The Oil Ministry will soon formally request to capitalize and transfer assets to a new state oil company to manage the growing crude output of Dhi Qar province.
On the sidelines of OPEC meetings, Abd al-Mahdi discusses Iraq's record exports, oil company payments, the relationship with Kurdistan, and new projects on the horizon.
After three straight months of record exports, the inauguration of the new Basra Heavy crude blend in June could unleash further growth.
South Oil Company workers demand IOCs agree to alter work schedule despite government opposition.
Despite boosting its federal export contributions in April, Kurdistan received a smaller budget payment, prompting outcry and urgent talks among top leaders.
Budget cuts at Iraq's largest oil projects reflect the Oil Ministry's softening ambitions for long-term production targets.
The new refining chief says Karbala is on track, Missan is behind schedule, Nassiriya is open for offers, Kirkuk is ready for financing, and Basra can dip into petrodollars to build a new one.
The leader of Iraq's oil capital discusses economic development and security for Basrawis and oil companies.
