The two sides are finalizing technical details and sub-agreements to activate a potentially transformational $27 billion energy project.
Production began to drop in February and March, even before a prolonged northern export outage and impending OPEC-plus cuts.
New infrastructure will process 300 million scf/d of associated gas by mid-2024, decreasing the wasteful practice of flaring and increasing feedstock for power generation.
Norway's Scatec has pulled out of what was once touted as a trailblazing solar project, highlighting the Sudani administration's challenges in reviving momentum on renewable power.
Gas is now flowing to a nearby power plant, attracting renewed investor interest — but also highlighting ongoing technical, administrative, and security challenges.
Iraq's northern exports remain offline in the aftermath of a landmark arbitration win against Turkey, with restart timing still unclear.
Key details of the landmark Iraq-Turkey arbitration ruling have big implications for the future of Baghdad-Erbil power dynamics and the KRG oil sector.
The long-delayed refinery has partially opened with production of heavy fuel oil and the promise of lighter products to come.
TotalEnergies will lead a consortium with the Basra Oil Company and QatarEnergy after overcoming difficult negotiations with Iraq over the government's stake in a potentially transformational set of energy deals.
Iraq's Cabinet has approved a reduced 30 percent stake for the state in an effort to unlock a $27 billion deal that could be critical for boosting oil, gas, and electricity supplies.
