Change in operator could spur new activity at the oil field, which has been offline since 2023 after a steady production decline.
Exports and output are rising, but Kurdistan's oil industry is still in crisis due to the northern pipeline outage.
Imminent ministerial-level visits to Baghdad and Ankara are likely to address major challenges to restarting Iraq’s northern exports.
Construction is underway on a new pipeline to bring gas supplies from the Khor Mor field up to Dohuk.
The KRG has received 598 billion dinars under the new budget law — a fraction of its theoretical monthly entitlement.
Key details remain unresolved, including the lynchpin issue of whether oil companies will get paid enough to enable KRG fields to restart.
Sign of cooperation bolsters KRG argument for starting federal budget transfers.
Federal crude output continues trend of small monthly gains in June, partially compensating for loss of Kurdistan production due to ongoing pipeline outage.
Current deputy, Laith al-Shahir, former head of legal directorate, reaches mandatory retirement age.
A $417M subsea pipeline project that was funded and then suspended over the past two months has gotten Cabinet approval again, with a half million barrel per day capacity increase slated for next year.
The delay is the latest for the project that was supposed to be completed in 2018, and is sorely needed to expand fuel supply, reduce purchase costs, and provide an additional outlet for Iraqi crude output.
