Power station bombed as insurgents exploit northern Iraq security gaps
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After a record-setting 2019, annual oil output fell by about 760,000 bpd as Iraq made extraordinary cuts to help support global prices.
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Basra's fields bore the brunt of the OPEC-plus production curtailments, and they are ready to surge as output quotas lift.
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Oil exports ended 2020 on a relative high note, but the year saw federal Iraq post its lowest annual export volumes since 2014 and worst revenue total in more than a decade.
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Q&A: Marfaa Kadhim al-Assadi, deputy director of Basra Gas Company
Now that Shell personnel have returned, BGC is focused on resuming delayed projects to turn more flared gas into electricity and revenue for Iraq.
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Q&A: Hossam Hussein Wali, director general of the South Refineries Company
Iraq is expanding existing refineries, but greenfield projects in the south are not moving forward.
Facing financial crunch, Iraq boosts November production
Despite ongoing OPEC-plus efforts to limit global supply, Iraq increased oil output as the government desperately seeks revenue to narrow record deficits.
Iraq receives 90-day Iran sanctions waiver from outgoing U.S. administration
Trump administration had been more aggressive on Iraq's energy deals with Iran, issuing a 45-day waiver in November.
- UPDATE: Kamal al-Atroshi approved as Kurdistan’s oil minister
- Iraqi Cabinet approves 2021 budget with even bigger deficit
- Even with devalued currency, new Iraqi budget proposes record deficits
- Dinar value falls as Iraq contemplates currency devaluation
- Civil unrest highlights Kurdistan financial woes
U.S.-led coalition drops Iraqi F-16s from anti-IS missions
The coalition's decision to remove the Iraqi Air Force from air tasking orders highlights ongoing failures to address the dysfunction and corruption that have crippled a multi-billion-dollar fleet of fighter jets.
