Iraqi gas imports have fallen by about 70 percent after Iran scheduled a temporary pipeline maintenance period to prioritize its own energy supply.
Iraq is scrambling to diversify its oil export routes amidst Iran-U.S. tensions, but there are no quick fixes.
The Oil Ministry and Honeywell have agreed to initial terms on a project that promises to cut nearly one-fifth of Iraq's current gas flaring – and could help convince the U.S. to keep granting Iran sanctions waivers.
As OPEC members reaffirm a quota agreement, Iraq has posted two straight months of elevated production.
Ashti Hawrami, head of the Ministry of Natural Resources since 2006, to play key transition role over next two years but was not re-nominated as minister.
Spurred by perceived breaches of the 2019 budget law, MPs are targetting a swath of compromises and commercial deals aimed at bridging political gaps and increasing fuel and power supply to northern Iraq.
Exports dipped slightly in June, but strong global prices have helped Iraq meet its budget projections for oil sales so far this year.
As Iraq pursues energy independence, the country's oil chief is streamlining the bureaucracy, crafting new investment incentives, and preparing to award mega-projects.
Internal disputes spilled into public view as Oil Minister Thamir Ghadhban took disciplinary action against one of his deputy ministers and his security chief.
The architect of Kurdistan’s oil autonomy, Ashti Hawrami appears likely to continue as minister during the government's leadership transition.
Katyusha rocket attacks hit facilities housing international oil companies, including Exxon, which had recently ordered foreign staff to return to Basra.
