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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)

Subba field risks shut-down

After just six months in production, the Subba field is faltering due to bureaucratic dysfunction, tight budgets, and insufficient processing infrastructure.

Oil Ministry order sets INOC in motion

A 12-person committee will study best international best practices and develop recommendations for implementing a new law to re-create the Iraq National Oil Company.