Steep reduction at Rumaila brought Iraq's December production average to its lowest level in 18 months as Iraq continues to restrain output in an effort to meet OPEC-plus expectations.
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.
Supreme Court gives the Iraqi PM seven weeks to sign updated pleading documents.
Three days before the expiration of a prior waiver, the U.S. has decided to continue to refrain from punishing Iraq for essential gas and power imports.
