Iraqi gas imports have fallen by about 70 percent after Iran scheduled a temporary pipeline maintenance period to prioritize its own energy supply.
The federal Oil Ministry and the KRG both increased export rates, largely offsetting a decline in global crude prices.
After terminating its contract with TPAO, the Oil Ministry is relying on the state-run Midland Oil Company to operate a key gas field — and is seeking private-sector partners.
As leaders in Erbil and Baghdad prepare for detailed negotiations on long-standing disputes, the KRG is offering to hand over all of its oil exports to the federal government – for a price.
Heavy fuel oil exports have become a major revenue stream for Iraq, but new international regulations are projected to lower demand drastically.
After a decade of failed efforts to strike downstream deals with top-tier companies, the Oil Ministry is looking to de-risk refinery investment.
In the first month after OPEC decided to extend its production cuts, Iraq's Oil Ministry barely adjusted its output.
Iraq's OPEC cuts have masked a key problem: export capacity isn't keeping pace with production gains, and many solutions are years away.
Prime Minister Abd al-Mahdi has again delayed a key legal filing, signaling an apparent desire to settle long-standing disputes through political negotiation rather than court battles.
After more than a decade of disputes over oil and revenue, Iraqi leaders see renewed political and financial incentives to negotiate solutions.
July data shows crude sales of both the federal and Kurdistan region governments bounce back from June drop.
