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Iraq ends 2024 with deep production cuts

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.

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)

Oil minister wants new INOC law

A major initiative to restructure Iraq's oil sector appears to be on hold as the new Cabinet prepares to re-draft the legal foundation of the Iraq National Oil Company.

Baghdad-KRG oil case delayed yet again

Dissatisfied with the work of three technical experts tasked with providing analysis, the Supreme Court postpones the six-year-old lawsuit until Dec. 9.