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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)

KRG reaches landmark deal with DNO and Genel

Settlement of outstanding debt in exchange for assets is effectively a reset button for the Kurdistan oil sector, which is likely to quicken pace of production growth.

Baghdad pursues Kirkuk-Iran pipeline

After voicing opposition to the KRG's independence referendum, Iran contemplates a deal that could shift the balance of power in Iraq's disputes over territory and oil.

Iraq production shoots up in June

An independent analysis shows rising output from state-run fields in Basra lifted Iraqi production by nearly 100,000 bpd, as a monitoring committee meets and assesses OPEC quota compliance.