OPEC-plus dynamics and the ongoing outage of Iraq's northern export pipeline continue to limit Iraqi oil exports, though revenues were steady year-on-year.
Iraq has been transferring large volumes of high-sulfur fuel oil to Iranian traders in a deal to help resolve energy import debts.
Maintenance operations at Iraq's largest fields are bringing production down as the Oil Ministry continues to cut amidst OPEC-plus pressure.
The Karkh Court of Appeals has denied an Oil Ministry appeal and reversed a series of 2022 rulings that declared several KRG oil contracts void.
Budget legislation that could have helped restart Iraq’s northern crude exports is delayed until at least January.
Iraq's oil sales continued a slow decline in November as the OPEC-plus coalition decided quotas will stay lower for longer.
Iraqi gas imports have fallen by about 70 percent after Iran scheduled a temporary pipeline maintenance period to prioritize its own energy supply.
The Oil Ministry made major cuts at state-operated fields in October in a bid to answer OPEC-plus concerns over quota compliance.
China's Jereh and the local firm PetroIraq clinch a deal that could give a badly needed boost to Iraq's domestic energy supply.
As Iraq’s fuel trade increases, a central hub for fuel exports and imports is expanding.
