A long-sought deal is getting high-level political attention, and some officials expect to clinch an initial contract in January.
High global prices led to record annual oil revenues for both the federal government and the KRG.
Friday's attack did not cause damage, but it did highlight unresolved security risks to a gas field responsible for most of Kurdistan's electricity feedstock.
Kurdistan's crude is trading at an increasingly steep discount to global benchmark prices. A new policy seeks to put those costs on oil companies.
An MP from Basra and influential member of Asaib Ahl al-Haq, Awad outlined his position on foreign oil companies in Iraq and Iran's role in the oil sector.
Bassem Abdul Karim has been appointed director general of BOC, the first major oil sector leadership change under Oil Minister Hayyan Abdulghani.
Crude production and exports decreased in November as Iraq began output cuts in response to tighter OPEC-plus output targets.
Turkey’s latest military campaign is targeting energy infrastructure in northeast Syria, depriving the Kurdish-led autonomous region of fuel and power — and potentially export revenue.
The 2023 national budget is the first test of the new Iraqi prime minister's pledge to improve relations between Baghdad and Erbil.
Iraq is racing to upgrade transmission infrastructure and improve electricity service in the south in time for next summer.
The PUK leader discusses deteriorating political rivalries within Kurdistan and their impact on both gas development and impending negotiations with Baghdad over oil rights.
