Nationwide output fell by about 60,000 bpd, but appears set to rebound as Iraq's most prolific field recovers from a damaging fire.
Delta Crescent Energy's oil deal with the Kurdish-led opposition in northeast Syria is in jeopardy as the Biden administration reconsiders a Trump-era sanctions waiver.
Iraq's nationwide oil exports fell slightly month on month, but rising oil prices more than made up the difference.
The recently discovered field could begin producing 30,000 bpd by 2024, pending a potentially difficult contract renegotiation.
A unilateral decision to reduce payment of debts has cast new uncertainty on Kurdistan's oil sector, threatening to deter IOC capital spending and new production growth.
In a recent letter, the Basra Oil Company said it would neither approve a sale to two Chinese companies nor buy out Exxon's stake on the same terms.
The widely respected geologist, whose career spanned decades in both federal Iraq and Kurdistan, died May 1 after contracting coronavirus.
Saudi Arabia's Delta Oil Company is a potential partner along with U.S. firm Schlumberger to bring badly needed investment and gas supply to Anbar province.
Several projects still wastefully burn associated gas, but a new power plant is the latest sign that Kurdistan is harnessing gas to boost electricity and reduce expensive fuel imports.
As OPEC-plus quotas ease, Iraq is bringing dormant production capacity back online.
Weeks after taking office, Dhi Qar's new governor discusses aspirations for quelling oil protests, raising employment, and attracting investment.
