Security forces have disrupted several operations stealing thousands of barrels of oil per day, but perpetrators with powerful connections defy justice and the smuggling continues.
BOC is taking major steps to build capacity, even as it limits production in an era of OPEC constraints.
Parliament passed a 2019 budget, approving near-record expenditures and curtailing penalties for the Kurdistan region's independent oil exports.
After helping Iraq survive years of financial crisis, the Central Bank is focusing efforts on encouraging lending and economic growth.
Iraq's state-run drilling company is adding new rigs and expanding its footprint.
More in Energy
Federal oil sales declined slightly from a December high-water mark, but revenues rose due to an uptick in global prices.
More in Politics
Whenever the media office of the Council of Ministers releases decisions of the Cabinet, Iraq Oil Report publishes a translation from the original Arabic.
More in Security
As rioters burned government and political party offices, protesters threatened action against oil facilities.