Iraq’s April Crude Production Decline In April, Iraq experienced a significant 6% decline in crude production, with production dropping to 3.938 million barrels per day (bpd) from 4.2 million bpd in March. This decrease in production can be attributed to Turkey’s decision to halt Iraq’s 450,000 bpd of northern exports following an arbitration ruling by … Read more
The Importance of Economic Diversification and Prospects for Iraq’s Oil Industry Iraq’s oil and gas industry has faced challenges this year, with an export pipeline closure in the north and ongoing conflict in the Kurdistan region. The country’s reliance on oil revenues has led to economic instability and highlights the need for diversification. However, new … Read more
Iraq has filed a petition in a US federal court seeking enforcement of an arbitration award against Turkey related to Iraqi oil exports. This development stems from a dispute between Iraq and Turkey over oil exports facilitated by the Kurdish Regional Government (KRG) without Baghdad’s consent. The case highlights the complexities of regional politics and … Read more