Iraq says working with US companies to develop oil fields, export routes

Iraqi Oil Minister Basim Mohammed Khudair, who is in Washington as part of Zaidi’s delegation, told state media that the country seeks to eliminate gas flaring by 2028, while there are also ongoing projects to develop the Mansouriya and Akaz gas fields aimed at eliminating import needs.

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Iraq aims to raise non-oil revenues to 45% within 10 years

The Iraqi Prime Minister’s financial advisor Mudher Mohammed Salih said on Friday that the government aims to increase non-oil revenues to about 45 percent of total public revenues within the next decade.

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Iraqi oil ministry says no plans to leave OPEC

Iraq’s oil ministry said Friday that Prime Minister Ali al-Zaidi has not raised the issue of leaving OPEC, dismissing speculation that Baghdad plans to exit the group.

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KRG says major oil firms resume production after airstrike repairs

Hawramani said US-based HKN Energy “has resumed production at a rate of 7,000 barrels per day,” adding that the company is also scheduled to restart production at the Atrush field near Duhok.

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Oil companies to resume exports from more Kurdistan oil fields

The Kurdistan Region’s oil production capacity dropped to around 75,000 barrels per day amid the recent regional crisis and the closure of the Strait of Hormuz, as the Region’s energy infrastructure came under increased attacks by Iran and its allies in Iraq.

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Baghdad, Erbil reach agreement to protect oil companies

The agreement was made after a high-level Iraqi security delegation traveled to Erbil and met with senior Kurdish leaders, at the instruction of Prime Minister Ali al-Zaidi.

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Iraqi PM orders resumption of oil companies' operations in Kurdistan Region

Ali al-Zaidi "directed the provision of all requirements that contribute to securing the operations of the oil companies operating in the Region" and "directed the oil companies in the Kurdistan Region of Iraq to resume their operations starting tomorrow, emphasizing joint work and the provision of a suitable environment and essential supplies."

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Iraq pockets only $1 billion in April oil revenues

In a statement on Monday, the ministry announced that “the quantity of crude oil exports including condensates reached 9,884,130 barrels,” for the month of April, “with revenues exceeding $1,087,000,082.”

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Iraq can pump 3 million oil bpd within a week of Hormuz reopening: Ministry

Oil revenues in March were just shy of $2 billion, compared to the $6 billion brought in just a month earlier before the beginning of the conflict, according to data from the oil ministry.

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