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Energy

Iraqi oil exports recede as OPEC-plus extends cuts

Iraq's oil sales continued a slow decline in November as the OPEC-plus coalition decided quotas will stay lower for longer.

Iraqi Prime Minister Mohammed Shia al-Sudani (center) receives Russian Deputy Prime Minister Alexander Novak (third from left) and Saudi Energy Minister Abdulaziz bin Salman Al Saud (third from right) in Baghdad on Nov. 26, 2024. (Photo credit: Prime Minister's Office)

KAR Group wins Ninewa gas block

Iraq's Oil Ministry has now awarded 13 new projects across three days of bidding in the five-plus and sixth licensing rounds.

New leadership for SOMO

Khudair Abbas replaces Ammar al-Anbagi as the head of Iraq's state oil marketing company.

April oil exports dip slightly

Iraq's crude sales have been constrained by OPEC-plus quotas but revenues remain high due to global oil price strength.