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Energy

Iraq, BP advance in Kirkuk contract talks

A long-sought deal is getting high-level political attention, and some officials expect to clinch an initial contract in January.

Iraqi Oil Minister Hayyan Abdulghani (center) leads a meeting with senior Oil Ministry officials and BP executives in Baghdad on Jan. 9, 2025. (Photo credit: Oil Ministry)

August production edges higher

Nationwide production topped 4.7 million bpd for the second straight month — the highest output since 2019.

July crude output rises by 100,000 bpd

Production increased sharply at key southern fields but infrastructure bottlenecks still limit Iraq's ability to take advantage of rising OPEC quotas.