The Oil Ministry made major cuts at state-operated fields in October in a bid to answer OPEC-plus concerns over quota compliance.
ExxonMobil is aiming to sell its stake to two buyers, Pertamina and Iraq’s state-run BOC, leaving PetroChina to take over as operator.
Both federal and KRG oil sales fell slightly as OPEC-plus gave no sign of lifting production caps.
The Sudani administration appears to be pushing forward long-delayed plans to develop Iraq’s upstream and downstream gas sector.
More than 400,000 bpd of crude exports are back online after Turkish authorities determined there was no major damage to the pipeline to Ceyhan.
Precautionary outage is expected to be temporary as Turkish authorities work to confirm pipelines, pumping stations, and export infrastructure were not damaged.
"Goodwill gesture" keeps the door open to further negotiations ahead of a Feb. 15 deadline, but key points of contention still appear unresolved.
The death of the $27 billion deal would represent a multi-year setback in Iraq’s efforts to boost production of oil, gas, and electricity.
A draft ruling is pending approval by the International Court of Arbitration, with Kurdistan's oil independence potentially hanging in the balance.
Hayyan Abdulghani's leadership team is taking shape, with some high-profile promotions and departures.
Iraq's highest court ruled against stop-gap financial transfers seen as key confidence-building measures in a sputtering rapprochement between Baghdad and Erbil.
