The Iraqi Cabinet is targeting more than $3 billion in cuts from the KRG budget, as a bitter dispute over oil exports comes to a head.
A new Parliament panel will facilitate long-delayed oil legislation, as leaders struggle to overcome a crippling political crisis.
Shahristani touts record production in outreach to IOCs – including better contract terms – and warnings to KRG, Turkey.
Former Iraqi oil officials pen letter urging Parliament to unilaterally move on oil law, in a critique of Baghdad and Erbil.
The Iraqi Oil Ministry has officially disqualified Chevron from future contracts after the company signed deals with the KRG.
The prime minister said he will take "all necessary measures" to prevent Exxon's work in Kurdistan, after the White House affirmed its opposition to the deal.
Baghdad leaders are accusing Turkey of abetting an illegal fuel trade with Kurdistan, with potentially dire implications for future relations and investment.
Alleging that the KRG's oil export cutoff has made an $8.5 billion dent in the Iraqi budget, the Cabinet is calling for penalties.
In a bid to expand its oil powers, the KRG is aiming to debunk SOMO's status as the exclusive exporter of Iraqi crude.
The deputy prime minister for energy discusses energy relations with Turkey and Iran, the deadlock with the KRG, and the reasons that IOCs shied away from the fourth bidding round.
