Following the passage of seminal legislation to resurrect the Iraq National Oil Company, one of the principal authors discusses how it will reshape the country's oil sector.
New legislation could restructure the oil sector, creating a new executive body for field management and limiting the Oil Ministry to strategic policy and regulatory functions.
Iraq's new $88 billion budget reflects a widening political divide between Baghdad and the Kurdistan region.
Southern Iraq oil sales slightly decreased compared to January, but Kurdistan exports from storage pushed nationwide monthly averages up.
Kurdistan's export pipeline to Turkey is the key to unlocking stranded Kirkuk production, but Baghdad, Erbil, and Ankara cannot agree on terms.
New infrastructure is nearly complete, with more to come, and the Eni-operated field will start adding 100,000 bpd this and next year.
Rising production from state-operated projects helped compensate for temporary disruptions at the West Qurna 1 field.
Newly-formed Dhi Qar Oil Company hits commercial production target despite technical hurdles at 1.13 billion barrel field.
Investors have been wary of multi-billion-dollar refinery tenders, but that hasn’t stopped the Oil Ministry from bringing vital new capacity online.
Higher global oil prices helped Iraq compensate for a slight decline in exports.
