A long-sought deal is getting high-level political attention, and some officials expect to clinch an initial contract in January.
The 60k bpd field is the second in two days to stop production amid global supply concerns as Russian war in Ukraine continues.
The 400,000 bpd field is entirely shut down for scheduled upgrade work, likely causing a short-term dip in Iraqi output at a sensitive time for oil markets.
Protesters are threatening to shut down the Nassiriya field, and deadly violence has caused one American company to suspend oil operations in the province.
An expansion of Iraq's largest refinery is re-starting after a two-year delay, but other projects are in limbo because high crude prices are squeezing margins for the state-run company.
Bad weather at southern export terminals disrupted tanker loadings and forced shut-ins at oil fields, but spare capacity is ready to come online as OPEC quotas rise.
Landmark ruling rejects the legal pillars of Kurdistan's oil sector, opening a volatile new chapter in Iraq's long-standing disputes over oil powers.
After years of financing challenges and delays, the Karbala refinery is almost ready to start producing high-quality fuel to feed rising domestic demand.
Increased tariffs are set to cost oil-producing companies millions of dollars per month — the latest headwind for Kurdistan's oil sector investors.
A 200-well driling plan aims to double production at one of Basra's largest fields — including high-value light crude from a relatively untapped reservoir.
Independent oil exports from Iraqi Kurdistan increased slightly, but oil prices helped Iraq overcome federal export slump.
