Besieged Iraqi oil sector buoyed by southern expansion
While violence has taken Iraq's northern oil sector almost entirely offline, growing production and export capacity in the south is keeping Iraq afloat.
A worker climbs a drilling rig at the Rumaila oil field. (BEN VAN HEUVELEN/Iraq Oil Report)
RUMAILA - Iraq is on track for a strong month of oil sales, as southern fields increase output into revamped export infrastructure.
The success of the southern oil sector to date has been essential, partly compensating for the loss of nearly all Iraqi production and refining capacity north of Baghdad, following a massive insurgent offensive led by the Islamic State of Iraq and al-Sham (ISIS). Making good on growth plans will be equally as important.
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