After a record-setting 2019, annual oil output fell by about 760,000 bpd as Iraq made extraordinary cuts to help support global prices.
Basra's fields bore the brunt of the OPEC-plus production curtailments, and they are ready to surge as output quotas lift.
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.
Now that Shell personnel have returned, BGC is focused on resuming delayed projects to turn more flared gas into electricity and revenue for Iraq.
Iraq is expanding existing refineries, but greenfield projects in the south are not moving forward.
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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.