The Oil Ministry made major cuts at state-operated fields in October in a bid to answer OPEC-plus concerns over quota compliance.
Revenues surged due to spiking global prices, but exports dipped as infrastructure delays threaten to constrain oil sales going forward.
Iraq's top oil leader discusses implementation of a mega-deal with TotalEnergies, ExxonMobil's exit, and the aftermath of a landmark court ruling on Kurdistan's oil sector.
To implement a landmark Federal Supreme Court decision, the Oil Ministry proposes steps to begin federal oversight of KRG oil and gas operations. Kurdish leaders remain defiant.
After years of failure to develop sufficient domestic energy supplies, Iraq still depends on unreliable imports from Iran that require special exemptions from U.S. sanctions.
Iraq remains ready to expand production pending OPEC-plus allowances and ongoing field maintenance.
As OPEC-plus quotas lift, decades of infrastructure neglect have left Iraq poorly positioned to take advantage of prolific oil fields, high prices, and a market desperate for more crude.
A recent vote to remove the oil minister as the head of the Iraqi National Oil Company highlights political headwinds for Ihsan Ismaael's efforts to restructure the oil sector and maintain a foothold beyond the transition to a new government.
Baghdad and Erbil have vastly different strategies for responding to a ruling from Iraq's highest court that invalidated the legal foundations of Kurdistan's oil sector.
The West Qurna 2 field is scheduled to return from maintenance sooner than expected, and the Nassiriya field is back online a week after protest-related disruptions.
Monthly revenues hit another 10-year high as exports rebounded from a January dip and global oil prices spiked.
