The Oil Ministry made major cuts at state-operated fields in October in a bid to answer OPEC-plus concerns over quota compliance.
The Cabinet has authorized negotiations for a project to build 300 million scf/d of associated gas processing capacity at the Basra field.
Ammar Abdal al-Anbagi has taken over as the new director general of SOMO, ending the five-year tenure of Alaa al-Yassiri.
The Sudani administration appears to be turning a blind eye to the blacklist policy enacted by the previous government against KRG oil sector companies.
Oil companies warn of further production declines as Kurdistan's payment problems discourage investment.
In early talks between Baghdad and Erbil, negotiators have outlined the same points of conflict that have stalled oil legislation since 2007.
Iraq has finally inked deals first awarded in 2018, raising hopes for the Oil Ministry's efforts to prepare a sixth contract licensing round.
After negotiations nearly fell apart two weeks ago, the French firm gave until Feb. 15 to finalize a deal — a deadline now extended by one month.
The Oil Ministry is considering a backup plan of offering the gas field in a new contract licensing round.
A long-delayed upgrade of Iraq's largest refinery is now moving forward, promising to boost high-octane fuel production and reduce dependence on imports.
Payment delays to oil companies and bureaucratic disarray have kept the KRG from meeting its own ambitious target for ending the wasteful and polluting practice at several fields.
