Q&A: Basra Oil Company Deputy Director General Khalid Hamza Abbas
A top Basra oil leader reveals which fields are being cut under the new OPEC-plus deal and discusses how Iraq's financial squeeze is affecting BOC projects and planning.
Khalid Hamza Abbas, deputy director general of the Basra Oil Company in his Basra office on May 4, 2020, was been given the authority to run the company on Sept. 19, 2020. (ALI AL-AQILY/Iraq Oil Report)
BASRA - As Iraq moves to comply with an agreement among OPEC and other major producers to reduce oil output and prop up global prices, the state-run Basra Oil Company (BOC) is responsible for managing the majority of the country's reductions.
Some cuts have already begun, but there is more to be done, especially in coordinating production cuts with the foreign oil companies that operate most of Iraq's largest fields.
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