A long-sought deal is getting high-level political attention, and some officials expect to clinch an initial contract in January.
Iraq ends 2024 with deep production cuts
Steep reduction at Rumaila brought Iraq's December production average to its lowest level in 18 months as Iraq continues to restrain output in an effort to meet OPEC-plus expectations.
Personnel from the state-run Iraqi Drilling Company (IDC) operate a drilling rig at the Zubair oil field in Basra in September 2024. (Photo credit: IDC)