The co-leader of Kurdistan's second-largest party discusses politicized oil policies, factionalized leadership, security risks, and Iraq's national budget.
At Iraq's main fuel import and export hub, the the port director describes the facility's layout and activities and talks about plans to expand capacity and revenue flows.
Iraq is racing to improve electricity service in time for summer — and reduce dependence on Iranian energy imports — with new cross-border tie lines, more generation capacity, and initiatives to rein in demand.
Bolstered by higher export volumes and rising global prices, both the Iraqi federal government and the Kurdistan region achieved one-year highs for monthly oil revenue.
Nationwide oil production held at just over 4 million bpd in January, as Iraq positions itself for a meeting of the OPEC-plus coalition that will determine quotas for the second quarter of 2021.
Gas and refining sector developments are a priority this year, but Iraq is also looking to settle longstanding disputes with the Kurdistan region and Turkey.
Iraq's top economic and energy leader discusses OPEC policy, forward oil sales, gas projects, economic reforms, and more.
Federal Iraq's oil revenues hit a 10-month high in January, while the Kurdistan region's sales dipped slightly.
After a record-setting 2019, annual oil output fell by about 760,000 bpd as Iraq made extraordinary cuts to help support global prices.
Basra's fields bore the brunt of the OPEC-plus production curtailments, and they are ready to surge as output quotas lift.
