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Drone strikes shut oilfields in Iraq's Kurdistan, cut output by up to 150,000 bpd
Drone attacks for a third day on oilfields in Iraq's semi-autonomous Kurdistan region have slashed crude output by 140,000 to 150,000 barrels per day, two energy officials said on Wednesday, as infrastructure damage forced multiple shutdowns.
Iraq's oil sector faces a dual crisis: stalled negotiations with the KRG over exports, and warnings from parliament of a ...
bne IntelliNews on MSN7dOpinion
COMMENT: Iraq's fiscal crisis exposes the perils of petro-state profligacyBy bnm Gulf bureau The foreign-calculated sums are stark. Iraq's budget deficit will more than double from 4.2% of GDP this ...
Council of Ministers is set to meet on Wednesday to address the ongoing financial dispute with Baghdad, the prolonged delay ...
The hearing follows a growing scandal over reports that Iranian crude is being covertly blended into Iraq’s oil exports under ...
The Wire on MSN4mon
Iraqi Kurdistan Faces a Deepening Economic Crisis as Unpaid Wages Pile UpIraqi Kurdistan is now experiencing a wider economic downturn, as the region’s limited private sector is also being affected by the salary crisis.
ERBIL, Kurdistan Region - Talks between Erbil and Baghdad on resuming Kurdish oil exports are progressing, though a key dispute over export volumes remains unresolved. While the federal government ...
The negotiations are seen as key to resolving a long-running political and budgetary dispute that has strained ties between ...
The Gas Growth Integrated Project focuses on bolstering the country’s oil-rich but underdeveloped Basra province. TotalEnergies would take on a 45% stake in the Basra Oil Company, with Iraq ...
Sullivan urged domestic investment in the gas sector, stressing “the solution for Iraq is to develop its internal resources and infrastructure for gas. But that will take some time.” Iraq ...
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