Change in operator could spur new activity at the oil field, which has been offline since 2023 after a steady production decline.
Nationwide oil sales dropped in 2023 due to the northern pipeline outage, but federal exports hit a four-year high in December.
Iraq's second-largest oil field has a new operator as ExxonMobil moves forward with an agreement to exit the project.
Iraq's marquee initiative to reduce gas flaring is expanding, though uncertainties remain around gas supply.
Export volumes are expected to slide further as Iraq makes new OPEC-plus commitment to support prices with reduced output.
The expansion of Iraq's largest refinery promises to reduce the country’s fuel imports and enable jet fuel exports.
A pilot project at the East Baghdad oil field cluster aims to use carbon credits to finance infrastructure to capture gas and reduce Iraq's carbon footprint.
Mohammed Yassin Hassan al-Obaidi has been appointed acting director general in a leadership reshuffle at Iraq's smallest state-run oil company.
Japanese firm is set to sell its minority share in the Lukoil-operated project as the start of commercial production approaches.
High-level meetings involving Baghdad and Erbil leaders and oil company representatives aim for deals needed to restart northern pipeline exports.
The American super-major will sell its last remaining upstream asset in Iraq to the state-run Basra Oil Company, resolving a years-long conflict over the terms of its exit.
