The agreement will now expire in July 2026, raising new questions about the future of oil exports from northern Iraq and the Kurdistan region.
Iraq crude production strong in June
Operational disruptions caused by the Israel-Iran war do not appear to have affected Iraqi crude output, which was virtually unchanged from May to June.
The 8th Seismic Division of Iraq's state Oil Exploration Company conducts a seismic survey at the Hadab project in Ninewa province in July 2025. (Photo credit: Oil Ministry)