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Energy

CORRECTED: Iraq deepens production cuts

The Oil Ministry made major cuts at state-operated fields in October in a bid to answer OPEC-plus concerns over quota compliance.

Personnel from the state-run Iraqi Drilling Company (IDC) operate a drilling rig at the Zubair oil field in Basra in September 2024. (Photo credit: IDC)

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.

Momentum for Fao refinery project

Chinese consortium is expected in Baghdad for a signing ceremony this month to finalize a deal for a 300,000 bpd refinery complex.