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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)

Basra exploration deal advances

For the first time, international companies will be paid for oil production stemming from Iraq's new generation of exploration contracts.

Kurdistan oil revenue collapses

Traders slash oil payments by more than half as the KRG's sole export pipeline remains hostage to security problems in southeastern Turkey.