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Energy

New SOMO director named as Iraq reshuffles oil sector leadership

Ali Nazar al-Shatari will be Iraq's new head of oil marketing as the Sudani government makes changes across several top oil posts.

SOMO Deputy Director General and Head of Crude Ali Nazar al-Shatari (right), at the Nov. 30, 2016, OPEC meeting in Vienna with then-Iraqi Oil Minister Jabbar Ali al-Luiebi (center), and then-SOMO Director General Falah Alamri (left). (Source: OPEC Media Office)

KAR Group wins Ninewa gas block

Iraq's Oil Ministry has now awarded 13 new projects across three days of bidding in the five-plus and sixth licensing rounds.

New leadership for SOMO

Khudair Abbas replaces Ammar al-Anbagi as the head of Iraq's state oil marketing company.

April oil exports dip slightly

Iraq's crude sales have been constrained by OPEC-plus quotas but revenues remain high due to global oil price strength.